Belrise Industries Limited’s Initial Public Offering to open on Wednesday, May 21, 2025, price band set at ₹85/- to ₹90/- per Equity Share
by Prashant Kapadia/NHN
Mumbai, May 16, 2025: Belrise Industries Limited, an automotive component manufacturing company, has fixed the price band of ₹85/- to ₹90/- per Equity Share of face value ₹5/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Wednesday, May 21, 2025, for subscription and close on Friday, May 23, 2025. Investors can bid for a minimum of 166 Equity Shares and in multiples of 166 Equity Shares thereafter.
The IPO is entirely a fresh issue of up to Rs 2,150 crore with no offer for sale component.
The proceeds from its fresh issuance, to extent of Rs 1,618.13 crore, will be utilized for repayment / prepayment, in full or in part, of certain borrowings availed by the Company; and general corporate purposes.
Belrise Industries Ltd offers a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems, among others. The products are largely agnostic to vehicle powertrain types, reflecting its ability in catering to both electric vehicles and internal combustion engine vehicles, thus positioning it favorably to adapt to the growing electric vehicle market.
The company’s automotive product portfolio comprises over 1,000 distinct products across chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, suspensions and steering columns, among others.
Belrise has a long-standing relationship with customers, including prominent multinational OEMs such as Bajaj Auto Limited, Honda Motorcycle & Scooter India Private Limited, Hero MotoCorp Limited, Jaguar Land Rover Limited and Royal Enfield Motors Limited, among others
As of December 31, 2024, the company markets its products both domestically and internationally, with operations extending to several key global markets including Austria, Slovakia, the United Kingdom, Japan and Thailand and has a diversified customer base of 29 OEMs.
Belrise acquired H-One India Private Limited (“H-One”), the erstwhile subsidiary of H-One Company Limited, a listed entity in Japan, in March 2025 and consequently, as of March 31, 2025, it operates 17 manufacturing facilities across 10 cities in nine states in India. Belrise Industries’ revenue from operations increased by 13.70% to ₹7,484.24 crore for theFinancial Year 2024 from ₹6,582.50 crore for the Financial Year 2023, primarily attributable to an increase in sales of products and an increase in the prices of raw materials and components. Profit after tax for fiscal 2024 stood at Rs 310.88 crore.
For the nine months ended December 31, 2024, revenue from operations stood at Rs 6,013.43 crore, and profit after tax stood at Rs 245.47 crore.
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.