Belrise Industries IPO 2025: All You Need to Know

Belrise Industries, a Pune-based automotive component manufacturer, has launched its much-awaited IPO to raise ₹2,150 crore through a fresh issue of equity shares.

📅 IPO Dates

• Open Date: May 21, 2025
• Close Date: May 23, 2025

💸 Key Details

• Price Band: ₹85 – ₹90 per share
• Lot Size: 166 shares (₹14,940 min. investment)
• IPO Type: Entirely Fresh Issue (No OFS)

🏦 Anchor Investors

Belrise has already raised ₹645 crore from anchor investors including:

• BlackRock
• Capital Group
• ICICI Prudential MF
• HDFC MF
• Nippon India MF

📊 Utilization of Funds

Of the ₹2,150 crore, around ₹1,618 crore will be used to repay existing debts, which stood at ₹2,600 crore (as of Dec 2024).

🏭 Company Overview

Belrise Industries manufactures a wide range of automotive components:

• Sheet metal and casting parts
• Polymer components
• Suspension and mirror systems

It operates in India and countries like Austria, Slovakia, the UK, Japan, and Thailand, serving top OEMs like Bajaj Auto, Honda, Hero MotoCorp, and Jaguar Land Rover.

🏢 Manufacturing Network

As of December 2024, the company had 17 plants in 10 states across India.

📈 Financial Performance

• Revenue (FY24): ₹7,484.24 crore (up 13.7% YoY)
• Profit After Tax (FY24): ₹310.88 crore (slight dip from ₹313.66 crore in FY23)

📉 Grey Market Premium (GMP)

As per reports, the GMP is around 16%, showing positive sentiment among retail investors.

📌 Risks & Considerations

• Declining EBITDA margins
• High debt-to-equity ratio
• High dependency on the automotive sector

🔍 Should You Invest?

While the IPO is attractively priced, investors should consider the company's debt position and past profitability. If the debt is reduced effectively, Belrise can improve margins and scale operations efficiently.

🔚 Conclusion

The Belrise Industries IPO is ideal for long-term investors interested in India's growing automotive component space. Evaluate all financials and risks before applying.

Disclaimer: This blog is for informational purposes only. Do your own research or consult a financial advisor before investing.