Belrise Industries Limited has announced its Initial Public Offering (IPO), opening for subscription from May 21, 2025, to May 23, 2025. The IPO comprises a fresh issue of shares worth ₹2,150.00 crores, involving 23.89 crore shares.

The price band for the Belrise Industries IPO is fixed between ₹85 and ₹90 per share. Retail investors can apply for a minimum lot size of 166 shares, which translates to an investment of approximately ₹14,110 at the lower price band. However, it is recommended to bid at the cutoff price of ₹90 to avoid oversubscription, raising the investment amount to about ₹14,940. For small and big Non-Institutional Investors (sNII and bNII), the minimum application lot sizes are 14 lots (2,324 shares) and 67 lots (11,122 shares), with minimum investments of ₹2,09,160 and ₹10,00,980 respectively.

The IPO allotment is expected to be finalized on Monday, May 26, 2025, and the shares are anticipated to be listed on both the BSE and NSE platforms on Wednesday, May 28, 2025.

Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, Jefferies India Private Limited, and SBI Capital Markets Limited are the book-running lead managers for this issue. Link Intime India Private Ltd is the registrar for the IPO.

Company Overview

Incorporated in 1988, Belrise Industries Limited is a leading Indian manufacturer of automotive sheet metal and casting parts, polymer components, suspension systems, and mirror systems. The company caters specifically to two-wheelers, three-wheelers, four-wheel passenger vehicles, commercial vehicles, and agri-vehicles.

Belrise Industries is well-known for producing safety-critical systems and engineering solutions for the automotive sector. Its product portfolio includes:

• Metal chassis systems

• Polymer components

• Suspension systems

• Body-in-white components

• Exhaust systems

Belrise serves reputed clients such as Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.

As of June 30, 2024, the company had 27 Original Equipment Manufacturers (OEMs) as customers globally and operates 15 manufacturing facilities across nine locations.

Key IPO Details:

• IPO Opening Date: May 21, 2025

• IPO Closing Date: May 23, 2025

• Price Band: ₹85 to ₹90 per share

• Fresh Issue Size: ₹2,150 crores

• Number of Shares Offered: 23.89 crore shares

• Minimum Application Lot (Retail): 166 shares

• Minimum Investment (Retail): ₹14,110 (₹14,940 at cutoff)

• Minimum Application Lot (sNII): 2,324 shares (14 lots)

• Minimum Investment (sNII): ₹2,09,160

• Minimum Application Lot (bNII): 11,122 shares (67 lots)

• Minimum Investment (bNII): ₹10,00,980

• Book Running Lead Managers: Axis Capital, HSBC Securities, Jefferies India, SBI Capital Markets

• Registrar: Link Intime India Private Ltd

• Tentative Listing Date: May 28, 2025

• Allotment Date: May 26, 2025

• Listing Exchanges: BSE and NSE

The Upcoming IPOs in this week and coming weeks are Victory Electric Vehicles International, Borana Weaves, Dar Credit and Capital,Belrise Industries, Wagons Learning.

The Current active IPO are Accretion Pharmaceuticals.

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