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09 Jul, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Belrise Industries Limited SME IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Belrise Industries Limited SME IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 21, 2025 to May 23, 2025 |
| Listing Date | - |
| Face Value | ₹5 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Lot Size | 166 Shares |
| Total Issue Size | 23,88,88,888 shares (aggregating up to ₹2,150.00 Cr) |
| Fresh Issue | 23,88,88,888 shares (aggregating up to ₹2,150.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 65,09,90,304 shares |
| Share Holding Post Issue | 88,98,79,192 shares |
Belrise Industries Limited SME IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, May 21, 2025 |
| IPO Close Date | Fri, May 23, 2025 |
| Tentative Allotment | Mon, May 26, 2025 |
| Initiation of Refunds | Tue, May 27, 2025 |
| Credit of Shares to Demat | Tue, May 27, 2025 |
| Tentative Listing Date | Wed, May 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 23, 2025 |
Belrise Industries Limited SME IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2158 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,324 | ₹2,09,160 |
| S-HNI (Max) | 67 | 10,956 | ₹9,86,040 |
| B-HNI (Min) | 68 | 11,122 | ₹10,00,980 |
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 > â¹10L | 2,38,88,889 (10.00%) |
| sNII < â¹10L | 1,19,44,444 (5.00%) |
| Retail Shares Offered | 8,36,11,111 (35.00%) |
| Total Shares Offered | 23,88,88,888 (100%) |
Belrise Industries Limited SME IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.81% | - |
Competitive Strength:
- ● Top dog with 24% of India's two-wheeler metal parts market.
- ● Wide range of products: metal frames, cast parts, plastic bits, suspension, mirrors, and electric vehicle components.
- ● Long-term ties with big names: Bajaj Auto, Royal Enfield, Jaguar Land Rover, Hero MotoCorp, Honda, Tata Motors, Mahindra.
- ● End-to-end production: 17 plants across nine states, to keep an eye on quality and run.
- ● Smart growth through buying H-One India, which improved design and manufacturing skills along with the customer list.
- ● Product line ready for both gas and electric vehicles set to ride the electric wave.
- ● Cutting-edge tech: Over 700 robots, Internet of Things, and mistake-proofing systems to make precise, flawless products.
- ● Skilled leaders and a strong focus on research (159-person team products with patents).
- ● Sells abroad and has a growing list of international customers.
Belrise Industries Limited SME IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 6,587.69 | 6,064.76 | 245.47 | 2,577.55 | 2,599.80 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 6,041.65 | 7,555.67 | 352.7 | 2,331.92 | 2,440.98 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5,679.15 | 6,620.78 | 356.7 | 2,038.20 | 2,271.40 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 5,196.07 | 5,410.68 | 307.24 | 1,734.45 | 2,597.96 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.83% |
| Debt/Equity | 0.97 |
| RoNW | 13.33% |
| PAT Margin | 4.36 |
| Price to Book Value | 2.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.42 | 3.68 |
| P/E (x) | 16.61 | 24.47 |
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.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
● What's the size and structure of the Belrise Industries IPO?
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.
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● When does the IPO open and close, and what's the price range?
The IPO starts on May 21, 2025, and ends on May 23, 2025. Investors can buy shares at prices between ₹85 and ₹90 each.
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● What is the minimum investment required for retail investors?
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.
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● How will the IPO proceeds be used?
The company plans to use the money from the IPO to pay off or reduce some of its debts and for other business needs.
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● When will the shares be allotted and listed?
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.
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● What is the Grey Market Premium (GMP) for the IPO?
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.
