Belrise Industries Sets IPO Price Band at ₹85–90; Issue Opens May 21

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.

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

The company serves a global clientele with operations across Austria, Slovakia, the UK, Japan, and Thailand. It has established strong partnerships with leading original equipment manufacturers (OEMs) such as:

• Bajaj Auto
• Honda Motorcycle & Scooter India
• Hero MotoCorp
• Jaguar Land Rover
• Royal Enfield Motors

As of December 2024, Belrise operated 17 manufacturing units across 10 Indian states.

Financial Highlights​

The company reported a 13.7% year-on-year rise in revenue, though net profit declined slightly from the previous year.

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)

Retail investors can place bids for a minimum of 166 shares, and thereafter in multiples of 166 shares.

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

Belrise Industries’ IPO marks a significant fundraising move as it seeks to strengthen its balance sheet and capitalize on its growing presence in both domestic and international automotive markets.