Belrise Industries IPO Overview

Company Profile

Belrise Industries Limited is a prominent Indian automotive component manufacturer offering a comprehensive range of over 1,000 safety-critical and engineering products. It caters to both Electric Vehicles (EVs) and Internal Combustion Engine (ICE) vehicles, supporting a wide variety of end users across domestic and global markets.

• Holds a 24% market share in India’s two-wheeler metal components segment

• Operates with 17 manufacturing plants across 9 Indian states, ensuring proximity to major OEMs

• Follows a just-in-time inventory model with scalable infrastructure

• Strong integration capabilities in tool making, assembly, and painting

Clientele

Belrise serves a diversified portfolio of 29 OEMs, including: Bajaj Auto, Hero MotoCorp, Honda, Jaguar Land Rover, Royal Enfield, Tata Motors, Mahindra & Mahindra, VE Commercial Vehicles. Objectives of the Issue

• Repayment/prepayment of borrowings: ₹1,618.13 crore (approx. 75.26% of proceeds)

• General corporate purposes: ₹531.87 crore (approx. 24.74%)

Strengths

• Among the top 3 players in India’s two-wheeler metal components space

• Strong backward and forward integration across the manufacturing value chain

• Manufacturing units located close to OEMs ensure agile and customized supply

• Diverse and established client base including both domestic and global automobile giants

• Product portfolio is agnostic to EV and ICE, aligning well with the industry's transition

Risks

• High regional concentration with 7 out of 17 plants in Maharashtra

• Client concentration risk: Top 10 customers contribute ~64% of revenue

• Exposure to raw material price and supply volatility

• Competitive pricing pressures from OEMs could affect margins

• Operates across multiple jurisdictions, increasing regulatory compliance risk

Belrise Industries IPO Key Details

• IPO Dates: 21 to 23 May 2025

• Price Band: ₹85 to ₹90 per share

• Lot Size: 166 shares

• Total Issue Size: ₹2,150 crore

• Retail Quota: 50%

• GMP (Grey Market Premium): ~12% (for reference only)

  
  

Allotment Link

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matters published here are purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader making decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.