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Belrise Industries IPO
Price Band
₹85.0–90.0
Issue Size
₹2150.0 Cr
Lot Size
166 shares
Min Investment
₹14,940
GMP
+₹21.0 (23.33%)
Issue Price
₹90.0
Subject to Sauda
₹2600
Paid only if allotted
Belrise Industries IPO AI Summary
- Belrise Industries IPO is listed on BSE, NSE.
- Price band: ₹85.0–₹90.0 per share, lot size 166 shares (min. investment ₹14,940).
- Subscription window: 21 May–23 May 2025, listing on 28 May 2025.
- Current GMP is +₹21.0 (23.33%), an estimated listing price of ₹111 — unofficial and can change daily.
Belrise Industries Limited is an automotive component manufacturer with a strong market position and a diverse product portfolio. The IPO aims to raise ₹2,150 Cr, with proceeds allocated towards debt repayment and general corporate purposes. Investors should consider the company's growth prospects and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Belrise Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 May 2025 — not a current signal.
16 of 20 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Belrise Industries IPO Grey Market Premium (GMP) Today
GMP
+₹21.0
GMP %
+23.33%
Est. Listing
₹111.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems specifically for Two-Wheel, Three-Wheel, and Four-Wheel Passenger and Commercial vehicles. The company is an automotive component manufacturing company in India offering a diverse range of safety critical systems. Belrise Industries is a manufacturing company in India that offers a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. The company's product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems. The company's customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra. As of June 30, 2024, the company services a total of 27 OEMs globally. The company have established 15 manufacturing facilities across nine cities in eight states, as of June 30, 2024. Competitive Strength: Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry. enabled, innovation-driven development and process engineering capabilities. Vertically integrated manufacturing facilities offering a diverse range of products. Longstanding customer relationships are developed through years of collaboration and value addition. Largely EV- agnostic product portfolio, strategically positioned to scale in tandem with burgeoning electric vehicle market in India. Experienced promoters and management team.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,587.69 | 6,041.65 | 5,679.15 | 5,196.07 |
| Total Income | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
| Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
| NET Worth | 2,577.55 | 2,331.92 | 2,038.20 | 1,734.45 |
| Reserves and Surplus | 2,252.24 | 2,014.43 | 2,024.16 | 1,715.31 |
| Total Borrowing | 2,599.80 | 2,440.98 | 2,271.40 | 2,597.96 |
Key Ratios
EPS
₹5.42
NAV
₹35.94
ROCE
14.83%
RoNW
13.33%
P/B Value
2.50
P/E Ratio
16.61
Market Cap
₹8008.91 Cr
PAT Margin
4.36%
Debt/Equity
0.97
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Minda Corporation Ltd | 82.84 | 13.99% | 51.32 | 9.65 | 9.49 |
| Endurance Technologies Ltd | 353.86 | 16.24% | 44.76 | 48.38 | 48.38 |
| Jbm Auto Ltd. | 98.75 | 22.21% | 45.52 | 15.12 | 15.12 |
| Motherson Sumi Wiring India Limited | 3.79 | 42.45% | 39.42 | 1.44 | 1.44 |
| UNO Minda Limited | 91.71 | 21.68% | 62.19 | 15.36 | 15.34 |
| Bharat Forge Ltd. | 153.9 | 13.84% | 58.94 | 20.43 | 20.43 |
| Belrise Industries Limited This IPO | 35.94 | 13.33% | — | 4.78 | 4.78 |
Promoters
Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company 1,618.13 2 General Corporate Purposes 410.49 3 Issue Expenses 121.39 Total 2,150.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5,410.68 Cr in the year ending 31 Mar 2022, rising to ₹6,620.78 Cr by 31 Mar 2023. However, it decreased to ₹7,555.67 Cr in the year ending 31 Mar 2024, before falling again to ₹6,064.76 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹307.24 Cr in the year ending 31 Mar 2022, increasing to ₹356.70 Cr by 31 Mar 2023. It then rose to ₹352.70 Cr in the year ending 31 Mar 2024, before dropping to ₹245.47 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Belrise Industries has an implied P/E ratio of 16.61 at the issue price, compared to peers trading at P/E ratios ranging from 39.42 to 62.19.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is the premium at which shares are traded in the grey market before they are officially listed on the stock exchange. A positive GMP indicates strong demand for the IPO, while a negative GMP may suggest weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and the overall economic environment.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may want to avoid IPOs, as they can be subject to significant price fluctuations and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on May 21, 2025, and closes on May 23, 2025. Allotment of shares will be finalized by May 26, 2025, and the shares are expected to be listed on the stock exchange on May 28, 2025.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Belrise Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Belrise Industries IPO GMP today?
Belrise Industries IPO GMP today is +₹21.0 (23.33%), indicating an estimated listing price of ₹111. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Belrise Industries IPO?
The price band of Belrise Industries IPO is ₹85.0–₹90.0 per share.
When does Belrise Industries IPO open and close?
Belrise Industries IPO opens on 21 May 2025 and closes on 23 May 2025.
When does Belrise Industries IPO list on the stock exchange?
Belrise Industries IPO listed on 28 May 2025 at ₹111.0.
What is the lot size for Belrise Industries IPO?
The lot size for Belrise Industries IPO is 166 shares, requiring a minimum investment of ₹14,940.
What is the price band for the IPO?
The price band for the IPO is ₹85.0 to ₹90.0.
What is the minimum investment required?
The minimum investment required is ₹14,940.
What is the lot size for the IPO?
The lot size for the IPO is 166 shares.
What is GMP?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on grey market trading.
When is the listing date?
The listing date is expected to be May 28, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 May 2025
Close
23 May 2025
Allotment
26 May 2025
Listing
28 May 2025
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