Belrise Industries IPO: Key Details and Investment Insights

Belrise Industries IPO is creating a buzz in the stock market! This leading automotive component manufacturer is launching its Initial Public Offering (IPO) to raise ₹2,150 crore. Here’s everything you need to know about the Belrise Industries IPO date, price, GMP, and more to make an informed investment decision.

Belrise Industries IPO

Belrise Industries IPO Overview

  • IPO Open Date: May 21, 2025

  • IPO Close Date: May 23, 2025

  • Price Band: ₹85–₹90 per share

  • Lot Size: 166 shares (minimum investment: ₹14,940 at the upper end)

  • Issue Size: ₹2,150 crore (fresh issue of 23.89 crore equity shares)

  • Listing Date: May 28, 2025 (tentative, on BSE and NSE)

  • Allotment Date: May 26, 2025

  • Grey Market Premium (GMP): ₹9–₹15, indicating a potential listing gain of 10–16.67%

About Belrise Industries

Founded in 1996, Belrise Industries Limited is a Tier-1 automotive OEM manufacturer based in Maharashtra, India. It specializes in safety-critical components like metal chassis systems, polymer parts, suspension systems, and exhaust assemblies for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. With a 24% market share in India’s two-wheeler metal components segment, Belrise serves global giants like Bajaj Auto, Honda, Hero MotoCorp, Tata Motors, and Jaguar Land Rover. The company operates 15 manufacturing facilities across nine Indian cities and is expanding into EV components, aligning with industry trends.

Why Invest in Belrise Industries IPO?

  • Strong Market Position: Holds a 24% share in the two-wheeler metal components market, with a projected 11–13% CAGR growth over the next five years.

  • Debt Reduction: ₹1,618 crore of IPO proceeds will be used to repay borrowings, potentially saving ₹150 crore annually in interest costs and boosting PAT by ₹110 crore by FY27.

  • Diverse Clientele: Supplies to 27 global OEMs, reducing dependency on any single customer.

  • EV Growth: Revenue from EV-specific products grew at a 24.6% CAGR from FY22 to FY24, positioning Belrise for the electric vehicle boom.

  • Reasonable Valuation: Priced at a P/E ratio of 16.61 (FY24), compared to peers like Bharat Forge at 60x, making it attractive for long-term investors.

Risks to Consider

  • High Debt: As of FY24, net debt was ₹2,259 crore, which may pose risks if interest rates rise post-IPO.

  • Slow Day 1 Subscription: The IPO saw only 14% subscription on Day 1, with retail at 12%, indicating cautious investor sentiment.

  • Litigation Risks: Ongoing tax-related proceedings could impact financials or reputation if outcomes are adverse.

How to Apply for Belrise Industries IPO

Investors can apply through:

  • ASBA: Use net banking or your demat account to block funds.

  • UPI: Apply via brokers like Zerodha, Groww, or Bajaj Broking by entering your UPI ID and approving the mandate.

  • Offline: Submit forms through registered brokers.

Pro Tip: Apply at the cut-off price (₹90) to improve allotment chances in case of oversubscription.

Belrise Industries IPO GMP and Listing Expectations

The Grey Market Premium (GMP) ranges from ₹9 to ₹15, suggesting a listing price of ₹94.25–₹105, or a 4.72–16.67% gain. While GMP reflects positive sentiment, it’s not a guaranteed indicator, so focus on the company’s fundamentals.

Should You Invest?

Analysts like ICICI Direct recommend subscribing due to Belrise’s strong fundamentals, debt reduction strategy, and growth in the EV sector. However, some caution against the IPO due to high debt levels and modest subscription momentum. For long-term investors, the IPO appears reasonably priced with potential for steady returns, especially with India’s automotive market expected to grow at a 4.5–6.5% CAGR through 2029. Short-term investors may see moderate listing gains based on current GMP.

Stay Updated: Check live subscription status on BSE/NSE or the registrar’s website (Link Intime India Pvt Ltd) and monitor GMP trends before applying.

Invest Smart: Consult a financial advisor, review the Red Herring Prospectus (RHP) on SEBI’s website, and align your investment with your risk appetite.

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