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Belrise Industries Limited SME IPO GMP, Date, Price Band & Review

Belrise Industries Limited plans to launch its SME Book Building IPO on NSE EMERGE after filing its DRHP in early 2025.

IPO Details
Belrise Industries Limited SME IPO

Belrise Industries Limited SME IPO

Belrise Industries Limited SME IPO Details

DetailDescription
IPO DateMay 21, 2025 to May 23, 2025
Listing Date-
Face Value₹ 5 per share
Issue Price Band₹ 85 to ₹ 90 per share
Lot Size166 Shares
Total Issue Size23,88,88,888 shares (aggregating up to ₹ 2,150.00 Cr)
Fresh Issue23,88,88,888 shares (aggregating up to ₹ 2,150.00 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue65,09,90,304 shares
Share Holding Post Issue88,98,79,192 shares

About Belrise Industries Limited SME IPO

Belrise Industries Limited plans to launch its SME Book Building IPO on NSE EMERGE after filing its DRHP in early 2025. The issue will give investors a chance to purchase up to 2,946,000 equity shares. Each share has a ₹10 face value and will cost between ₹96 and ₹101. The company generated ₹33.66 crore in revenue and ₹3.88 crore in PAT during FY 2023-24. The funds raised will help finance capex, repay debt, and meet working capital requirements.

Company Overview

Business Model and Operations

  • Manufacturing footprint: Belrise runs advanced factories that make car parts, assemblies, and engineering goods.
  • Revenue streams: The company makes money by selling products and manufacturing items for big automakers and top suppliers.
  • Certifications: It has important industry credentials like ISO 9001:2015.
  • Geographical reach: Belrise sells its products worldwide, serving more than 20 countries and plans to expand into new regions soon.

Management and Shareholding

  • Promoters: The founding family and key managers own a large part of the company.
  • Board composition: The board includes promoter directors and independent experts who comply with SEBI's SME governance standards.
Belrise Industries IPO Reservation
Investor Category Shares Offered
Anchor Investor Shares Offered 7,16,66,665 (30.00%)
QIB Shares Offered 4,77,77,779 (20.00%)
NII (HNI) Shares Offered 3,58,33,333 (15.00%)
bNII > ₹10L 2,38,88,889 (10.00%)
sNII < ₹10L 1,19,44,444 (5.00%)
Retail Shares Offered 8,36,11,111 (35.00%)
Total Shares Offered 23,88,88,888 (100%)

IPO Objectives

According to the DRHP filed by Belrise Industries, all the IPO proceeds go to:

  • Repayment or pre-payment of certain outstanding borrowings to deleverage the balance sheet and reduce interest expenses.
  • Funding general corporate purposes to support operational flexibility and future growth initiatives.
  • Supporting expansion plans, including increasing manufacturing capacity and enhancing operational efficiency as the automotive and EV sectors grow.

Conclusion

Belrise Industries Limited's SME IPO gives investors a good chance to buy into a growing car and engineering company with healthy finances and many loyal customers. The money raised will help pay off debts, increase production capacity, and fuel future growth. By focusing on new ideas and products ready for electric vehicles, Belrise stands to succeed in the long run in both home and world markets.

Belrise Industries Limited SME IPO Financial Information

Latest Revenue

6,064.76

₹ Crore

Profit After Tax

245.47

₹ Crore

Net Worth

2,577.55

₹ Crore

Total Borrowing

2,599.80

₹ Crore

Period EndedAssetsRevenue From OperationsProfit After TaxNet WorthTotal Borrowing
31 Dec 20246,587.696,064.76245.472,577.552,599.80
31 Mar 20246,041.657,555.67352.72,331.922,440.98
31 Mar 20235,679.156,620.78356.72,038.202,271.40
31 Mar 20225,196.075,410.68307.241,734.452,597.96
Amount in ₹ Crore

Belrise Industries Limited SME Key Performance Indicator

KPIValues
ROE14.83%
Debt/Equity0.97
RoNW13.33%
PAT Margin4.36
Price to Book Value2.50
Pre IPOPost IPO
EPS (Rs)5.423.68
P/E (x)16.6124.47

Frequently Asked Questions

The Belrise Industries IPO has a size of ₹2,150 crore. It consists of a fresh issue of 23.89 crore equity shares. The IPO doesn't include an offer-for-sale part.
The IPO starts on May 21, 2025, and ends on May 23, 2025. Investors can buy shares at prices between ₹85 and ₹90 each.
Retail investors need to buy at least 166 shares, which costs ₹14,940 at the cutoff price. They can buy up to 13 lots, or 2,158 shares.
The company plans to use the money from the IPO to pay off or reduce some of its debts and for other business needs.
The company will finalize the basis of allotment by May 26, 2025, and set the tentative listing date on BSE and NSE for May 28, 2025.
On May 21, 2025, the Belrise Industries IPO had a GMP of ₹15. This suggests a potential listing gain of about 16.67% above the upper price band. Keep in mind that GMP is unofficial and shouldn't be the only factor when making investment choices.
Published By
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Competitive Strengths

1

Top dog with 24% of India's two-wheeler metal parts market.

2

Wide range of products: metal frames, cast parts, plastic bits, suspension, mirrors, and electric vehicle components.

3

Long-term ties with big names: Bajaj Auto, Royal Enfield, Jaguar Land Rover, Hero MotoCorp, Honda, Tata Motors, Mahindra.

4

End-to-end production: 17 plants across nine states, to keep an eye on quality and run.

5

Smart growth through buying H-One India, which improved design and manufacturing skills along with the customer list.

6

Product line ready for both gas and electric vehicles set to ride the electric wave.

7

Cutting-edge tech: Over 700 robots, Internet of Things, and mistake-proofing systems to make precise, flawless products.

8

Skilled leaders and a strong focus on research (159-person team products with patents).

9

Sells abroad and has a growing list of international customers.

Official Documents

Download regulatory filings

Belrise Industries Limited SME IPO Timeline

IPO Open DateWed, May 21, 2025
IPO Close DateFri, May 23, 2025
Tentative AllotmentMon, May 26, 2025
Initiation of RefundsTue, May 27, 2025
Credit of Shares to DematTue, May 27, 2025
Tentative Listing DateWed, May 28, 2025
Cut-off time for UPI mandate confirmation5 PM on May 23, 2025

IPO Lot Size

InvestorsNo.of lotsShares OfferedMax Bid Amount
Retail (Min)1166₹14,940
Retail (Max)132158₹1,94,220
S-HNI (Min)142,324₹2,09,160
S-HNI (Max)6710,956₹9,86,040
B-HNI (Min)6811,122₹10,00,980
Belrise Industries Limited SME IPO