New Delhi, May 16 – Automotive component manufacturer Belrise Industries has announced the price band for its upcoming Initial Public Offering (IPO), fixing it at ₹85–₹90 per share. The IPO, valued at ₹2,150 crore, will be open for public subscription from May 21 to May 23, while anchor investors can place their bids on May 20.
According to the prospectus, ₹1,618 crore out of the total proceeds will be used to repay existing borrowings, which stood at nearly ₹2,600 crore as of December 2024.
The company reported a 13.7% year-on-year rise in revenue, though net profit declined slightly from the previous year.
IPO Structure and Fund Utilisation
The IPO is a pure fresh issue of equity shares with no Offer For Sale (OFS) component, as detailed in the company’s Red Herring Prospectus.According to the prospectus, ₹1,618 crore out of the total proceeds will be used to repay existing borrowings, which stood at nearly ₹2,600 crore as of December 2024.
Company Profile
Belrise Industries, headquartered in India, is a prominent automotive component manufacturer that specializes in safety-critical systems and engineering solutions for:- Two-wheelers
- Three-wheelers
- Four-wheelers
- Commercial vehicles
- Agricultural vehicles
- Bajaj Auto
- Honda Motorcycle & Scooter India
- Hero MotoCorp
- Jaguar Land Rover
- Royal Enfield Motors
Financial Highlights
| Financial Year | Revenue from Operations (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|
| FY24 | 7,484.24 | 310.88 |
| FY23 | 6,582.50 | 313.66 |
Allotment Details
The IPO allocation is structured as follows:- 50% reserved for Qualified Institutional Buyers (QIBs)
- 35% for Retail Individual Investors (RIIs)
- 15% for Non-Institutional Investors (NIIs)
Lead Managers
The book-running lead managers to the IPO are:- Axis Capital
- HSBC Securities and Capital Markets (India) Pvt Ltd
- Jefferies India
- SBI Capital Markets