Improving market situation amid easing of U.S-China trade worries and relieved India-Pakistan terror tensions, the IPO has gained momentum and here are the details of thrid Mainboard IPO of FY26.
Belrise Industries IPO
The much-anticipated Belrise Industries is about to open on May 21, 2025, and closes on May 23, 2025, with a price band of ₹85 to ₹90 per share. It is a Mainboard IPO and a Book Built Issue, aiming to raise ₹2,150 crores, entirely via fresh issue. The shares will be listed on BSE and NSE on May 28, while allotments will be finalised by May 26.
With 35% reserved for retail investors, 50% for QIBs, and 15% for HNIs, participation looks balanced. In FY24, Belrise posted revenue of ₹7,555.67 crores, up from ₹6,620.78 crores in FY23. However, profit slightly dipped to ₹310.88 crores from ₹313.66 crores.
Still, analysts suggest this IPO holds strong long-term value, especially for those eyeing automotive sector growth. If you’re planning to apply, consider holding this one beyond listing.
Belrise Industries IPO Latest GMP
The latest Belrise Industries IPO GMP stands at ₹11, hinting at a potential listing price of ₹101—a 12% premium over the upper band. However, GMP has shown volatility:
- May 17: ₹18
- May 19: ₹8
- May 20: ₹11
Grey Market Premium (GMP) helps investors gauge possible listing gains. A rising GMP often signals strong demand, while a fall may hint at caution. An overall market scenario at the time of IPO application and listing will determine its GMP.
Belrise Industries IPO Details
| IPO Open Date | May 21, 2025 |
| IPO Close Date | May 23, 2025 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹85 to ₹90 Per Share |
| Issue Size | Approx. ₹2,150 Crores |
| Fresh Issue | Approx. ₹2,150 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
Belrise Industries IPO Market Lot
The minimum market lot of Borana Weaves IPO is 166 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 2158 shares of ₹1,94,220 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 166 | ₹14,940 |
| Retail Maximum | 13 | 2158 | ₹1,94,220 |
| S-HNI Minimum | 14 | 2,324 | ₹2,09,160 |
| S-HNI Maximum | 67 | 11,122 | ₹10,00,980 |
Belrise Industries IPO Dates
| IPO Open Date | May 21, 2025 |
| IPO Close Date | May 23, 2025 |
| Basis of Allotment | May 26, 2025 |
| Refunds | May 27, 2025 |
| Credit to Demat Account | May 27, 2025 |
| IPO Listing Date | May 28, 2025 |
Promoters of Belrise Industries IPO
The company’s promoters are Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve
About Belrise Industries IPO
Belrise Industries company profile reveals a legacy built since 1996 that’s powering India’s mobility revolution. The firm manufactures safety-critical auto parts for two, three, and four-wheelers—be it commercial or passenger vehicles. It serves both electric vehicles and traditional fuel engines. That’s why it stands out in a shifting auto market.
With 30 years of expertise, Belrise has expanded into suspension systems, metal and polymer parts, coating, and fabrication. Its portfolio boasts over 1,000 precision-engineered items, from chassis to battery containers. Belrise also ventures into mirror systems, foundry services, and even floriculture!
As of June 2024, it operates 15 modern plants across 9 Indian states. Its wide reach and diverse offerings make it more than just an auto supplier—it’s a growth engine.
Belrise Industries IPO Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹5,410.68 | ₹5,103.44 | ₹261.85 | ₹5,196.07 |
| 2023 | ₹6,620.78 | ₹6,264.08 | ₹313.66 | ₹5,679.15 |
| 2024 | ₹7,555.67 | ₹7,171.38 | ₹310.88 | ₹6,041.65 |
| June 2024 | ₹6,064.76 | ₹5,758.41 | ₹245.47 | ₹6,587.69 |
Belrise Industries Valuation- FY 2024
| KPI | Values |
| ROE | 14.18% |
| ROCE | 14.82% |
| EBITDA Margin | 12.54% |
| PAT Margin | 4.15% |
| Debt-to-Equity Ratio | 0.97 |
| Earnings Per Share | ₹4.78 (Basic) |
| Return on Net Worth (RoNW) | 13.33% |
| Net Asset Value | ₹35.94 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
| Bharat Forge Ltd | 20.43 | 65.02 | 13.84 | 153.90 | 15,680.07 Cr. |
| Uno Minda Ltd | 15.36 | 65.01 | 21.68 | 91.71 | 13,910.36 Cr. |
| Motherson Sumi Wiring India Ltd | 1.44 | 42.31 | 42.45 | 3.79 | 8,321.36 Cr. |
| JBM Auto Ltd | 15.12 | 96.35 | 22.21 | 98.75 | 4,723.19 Cr. |
| Endurance Technologies Ltd | 48.38 | 49.09 | 16.24 | 353.86 | 10,052.03 Cr. |
| Minda Corporation Ltd | 9.65 | 52.15 | 13.99 | 82.84 | 4,651.10 Cr. |
Objects of the Issue
- Repayment of outstanding loans or borrowings availed by the Company
- General corporate purposes
Belrise Industries IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: belriseindustries.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Jefferies India Private Limited
- SBI Capital Markets Limited
Company Address
Belrise Industries Limited
Plot No D-39 MIDC
Area Waluj Aurangabad 431133
Maharashtra, India
Phone: +910240 255120
Email: complianceofficer@belriseindustries.com
Website: http://www.belriseindustries.com/
Also Read:
Borana Weaves IPO-Check Latest GMP and Subscription Status on Day 1
Borana Weaves IPO Day 2 Subscription Soars 22.81x; Latest GMP Signals Strong Listing Gains
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
