Belrise Industries IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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What is the latest news relating to Belrise Industries IPO?
In spite of large volumes seen at the grey market, the IPO of Belrise Industries got unimpressive listing. The scrip commanded premium of Rs. 21/23 prior to the listing as against its issue price of Rs. 90. the scrip is listed at Rs. 100 below the grey market anticipation. Such listing has affected the mood of the market on 28 May 2025.
What is the latest GMP of Belrise Industries IPO?
Click
Belrise Weaves IPO
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 112.63 | 48 | 25.76 | 40.58 | 4.52 | 43.14 |
| Applications: 2534,694 Note: Flow of retail applications have improved but not so impressive |
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What are the promoters of Belrise Industries IPO?
The promoters of the Company are SHRIKANT SHANKAR BADVE, SUPRIYA SHRIKANT BADVE AND SUMEDH SHRIKANT BADVE
What are the Objects of Belrise Industries IPO?
The Company intends to utilise the Net Proceeds from the Issue towards funding the following objects:
1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
2. General corporate purposes
What is the business of Belrise Industries?
Belrise Industries is a leading automotive component manufacturer based in India, specializing in safety-critical systems and engineering solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Our product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, and more. Our products are compatible with both electric and internal combustion engine vehicles, positioning us well to capitalize on the growing electric vehicle market.
In FY 2024, Belrise Industries achieved Rs 74,842.41 million in revenue, a significant increase from Rs.65,824.96 million in FY 2023 and Rs.53,968.54 million in FY 2022, reflecting a robust CAGR of 18.17% from FY 2022 to FY 2024.
Specializing in precision sheet metal pressing and fabrication, Belrise is among the top three players in India’s two-wheeler metal components market, commanding a 24% market share as of FY 2024. Globally, the two-wheeler metal components market was valued at ₹1,453.85 billion in 2023 and is projected to reach ₹1,767.28 billion by 2029, growing at a CAGR of 3.29% between 2024 and 2029. With a strong foothold in the precision metal components sector, Belrise is well-positioned to tap into the expanding two-wheeler and four-wheeler markets in both India and international markets.
Since its inception in 1996, Belrise has diversified its customer base to 27 OEMs as of June 30, 2024. Over nearly three decades, the company has expanded its capabilities to include not only precision sheet metal pressing and fabrication but also the manufacturing of polymer components, suspension systems, and coating and painting services. This strategic expansion has enabled Belrise to enhance the complexity and value of the components supplied per vehicle. Our operations extend beyond Maharashtra, with manufacturing facilities in other key states in India, designed for scalability to meet the evolving needs of our customers.
Belrise’s product portfolio encompasses over 1,000 distinct products, including chassis systems, exhaust systems, body-in-white components, polymer parts, battery containers, suspensions, and steering columns. Our diverse portfolio caters to the requirements of OEMs across a wide range of vehicle types, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. By June 30, 2024, Belrise’s products are marketed both domestically and internationally, with operations in key global markets such as Austria, Slovakia, the United Kingdom, Japan, and Thailand.
With 15 manufacturing facilities across nine cities in eight states, Belrise has significantly expanded its production capacity through backward and forward integration. Our backward integration includes tool making, tube bending, and press operations, while forward integration includes system assembly, coating, and painting. Annually, our facilities process over 60,000 tons of steel, demonstrating our robust production capabilities.
For more information, click www.belriseindustries.com
Belrise Industries IPO GMP, Particulars & Guidance
| IPO Details | |
| IPO opens on | 21 May 2025 |
| IPO closes on | 23 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 238888,888 Shares / Rs 2150 Crore |
| * Fresh Issue | 238888,888 Shares / Rs 2150 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. 85-90 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 166 Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (50 %) | 119444444 | 1075 |
| NII (15 %) | 3583333 | 322 |
| RII (35 %) | 83611111 | 753 |
| Employees | – | – |
| Total Shares | 238888888 | 2150 |
| Retail portion will be oversubscribed by | 503681 Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | 166 | 14940 |
| Max Retail Application | 2158 | 194220 |
| Small HNI (Min) application | 2324 | 209160 |
| Small HNI (Max) application | 10956 | 986040 |
| Big HNI Application | 11122 | 1000980 |
| What is the timetable of the IPO? | |
| IPO opens on | 21 May 2025 |
| IPO Closes on | 23 May 2025 |
| IPO Allotment on | 26 May 2025 |
| Unblocking of Asba | 27 May 2025 |
| Credit of Shares | 27 May 2025 |
| Listing of Shares | 28 May 2025 |
| Registered Office of the company Plot No D-39 MIDC Area Waluj Aurangabad 431133, Maharashtra, India |
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| Lead Managers of the IPO Axis Capital Limited HSBC Securities and Capital Markets (India) Pvt ltd Jefferies India Private Limited SBI Capital Markets Limited |
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| Registrar to IPO | |
| Link Intime India Pvt ltd |
| Belrise Industries IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 5410 | 261.85 | 4.02 | 15.10 |
| 2022-23 | 6621 | 313.66 | 4.82 | 15.39 |
| 2023-24 | 7556 | 310.88 | 4.78 | 13.33 |
| Book Value of the Share on 31.3.2024 |
35.94 | |||
| BV of the Share after the IPO |
Rs. | – | ||
| Offer Price at Cap | Rs. | 90 | ||
| IPO Ratio Analysis | |
| Price /EPS | 18.83 |
| Price/Book Value | 2.50 |
| Price/BV after IPO | ? |
How Belrise Industries IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Belrise Industries | 7484 | 18.83 | |
| Bahrat Forge | 15682 | 55.28 | |
| Uno Minda | 13910 | 44.62 | |
| Motherson Sumi Wiring | 8321 | 45.81 | |
| JBM Auto | 4723 | 119.34 | |
| Endurance Tech | 10052 | 37.82 | |
| Minda Corp | 4651 | 44.07 | |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Belrise Industries IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Belrise Industries is a leading automotive component manufacturer based in India, specializing in safety-critical systems and engineering solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Our product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, and more. Our products are compatible with both electric and internal combustion engine vehicles, positioning us well to capitalize on the growing electric vehicle market.
In FY 2024, Belrise Industries achieved Rs 74,842.41 million in revenue, a significant increase from Rs.65,824.96 million in FY 2023 and Rs.53,968.54 million in FY 2022, reflecting a robust CAGR of 18.17% from FY 2022 to FY 2024.
The company has strong grow-record of total income and net profits during last 3 years. Compared to peer group companies, the shares are offered at very reasonable and attractive valuation.
The size of the IPO is not very large and full subscription will not be an issue.
May apply for reasonable/small listing gains.
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