Belrise Industries Ltd. is a leading Tier-1 Automotive OEM Manufacturing Group in India, specializing in automotive systems across two-wheelers, three-wheelers, and four-wheel passenger and commercial vehicles. With a turnover of ₹7,484.2 Crores, the company’s product portfolio is highly diversified, including metal processing, polymer processing, surface treatment, mirror systems, suspension systems, foundry, home appliances, security hardware, e-mobility, and floriculture.

The Belrise Industries IPO is a significant market event opening for subscription from May 21, 2025, to May 23, 2025. The company plans a Book Built Issue of ₹2,150 Crores, comprising a fresh issue of 2,388.88 Lakh shares. The shares are expected to be listed on both the NSE and BSE with a tentative listing date around May 28, 2025.

The price band is set between ₹85 and ₹90 per equity share, implying a market capitalization of approximately ₹8,008.91 Crores at the upper price band. The minimum lot size for the IPO is 166 shares, requiring retail investors to invest at least ₹14,940. High-Net-Worth Individuals (HNIs) must subscribe to a minimum of 14 lots (2,324 shares), amounting to ₹2,09,160.

Management and Leadership
The company is helmed by Shrikant Shankar Badve, Managing Director, who brings over 28 years of experience in the automotive sector. His leadership has been recognized through several prestigious awards, including honors from the former Hon’ble Prime Minister of India. Under his guidance, Belrise has strengthened its position as a key automotive supplier.

Financial Performance Highlights
Belrise Industries has shown robust financial growth over the past years:

• Revenue from operations rose from ₹54,106.80 Million in FY 2022 to ₹75,556.73 Million in FY 2024, with ₹60,647.63 Million recorded for the period ending December 31, 2024.

• EBITDA increased from ₹7,685.76 Million in FY 2022 to ₹9,836.34 Million in FY 2024, with ₹7,967.48 Million in the recent period.

• Profit After Tax (PAT) was ₹2,618.47 Million in FY 2022, rising to ₹3,108.79 Million in FY 2024, with ₹2,454.67 Million in the recent period.

The company’s key financial ratios include a pre-issue EPS of ₹4.82 and post-issue EPS of ₹3.33 for FY24, with pre-issue and post-issue P/E ratios at 18.67x and 27.06x, respectively, compared to the industry P/E of 50x. The ROCE is 14.83%, ROE 14.18%, and RoNW 13.33%, indicating efficient capital use and profitability.

IPO Management and Registrar
The IPO is managed by a consortium of reputed book running lead managers: Axis Capital Limited, HSBC Securities and Capital Markets, Jefferies India Private Limited, and SBI Capital Markets Limited. The registrar handling the issue is MUFG Intime India Private Limited.

Grey Market Premium (GMP)
The current Grey Market Premium is ₹9, suggesting expected listing gains of around 11.11%. It’s important to note GMP figures are unofficial and should be used only for educational reference.

Allotment and Subscription
The IPO allotment date is scheduled for May 26, 2025, with investors able to check their allotment status on the registrar’s website using their application number, PAN, or DP Client ID.

The Upcoming IPOs in this week and coming weeks are Blue Water Logistics, Unified Data - Tech Solutions, Victory Electric Vehicles International, Borana Weaves, Dar Credit and Capital, Belrise Industries, Wagons Learning.

The Closed IPOs are Accretion Pharmaceuticals, Integrity Infrabuild Developers.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst