Belrise Industries IPO

About Belrise Industries IPO

Belrise Industries IPO is a book-built issue worth ₹144.89 crore. The IPO consists entirely of a fresh issue of 67.08 lakh shares. The IPO opens for subscription on May 20, 2025, and will close on May 22, 2025. Allotment is expected to be finalised on May 23, 2025, with tentative listing on BSE and NSE scheduled for May 27, 2025.

The IPO is priced in a band of ₹205 – ₹216 per share. Retail investors must apply for a minimum of 1 lot comprising 69 shares, requiring an investment of ₹14,904 at the cutoff price. sNII investors are required to apply for at least 14 lots (966 shares), amounting to ₹2,08,656. For bNII, the minimum application size is 68 lots (4,692 shares), amounting to ₹10,13,472.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this issue, while KFIN Technologies Limited is the registrar.

For detailed financials, company background, and risk factors, investors are advised to refer to the Belrise Industries IPO RHP.

Industry Outlook

1. India's automotive component industry is witnessing significant growth, driven by increased vehicle production, evolving safety norms, and rising demand for lightweight, high-performance parts. Within this landscape, the precision sheet metal pressing and fabrication segment has emerged as a high-growth field, catering to the structural and safety requirements of modern vehicles.
2. The industry's shift towards electric mobility is also creating new opportunities. Belrise Industries, with its largely EV-agnostic product portfolio, is well-positioned to benefit from this transition, as its components are adaptable across traditional and electric vehicles. Vertically integrated manufacturing and innovation-led engineering are becoming critical differentiators in the sector.
3. Despite robust demand, the industry remains competitive, requiring companies to build strong customer relationships, invest in automation, and maintain high quality and cost-efficiency standards.
4. Strategic partnerships with OEMs and the ability to scale alongside vehicle platforms remain essential for long-term success. 

Belrise Industries IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Fund capacity expansion by enhancing manufacturing infrastructure across its 15 existing facilities located in nine cities and eight states, supporting production of automotive sheet metal, polymer components, and suspension systems.
2. Support innovation-driven development and process engineering capabilities to cater to a growing and increasingly diversified customer base, including major OEMs like Bajaj, Honda, Tata Motors, and Mahindra.
3. Strengthen working capital to meet increasing demand from two-wheeler, three-wheeler, four-wheeler, and commercial vehicle segments, as well as agri-vehicles.
4. Improve overall brand visibility and establish a public market for its equity shares, enabling future strategic growth and expansion.

About Belrise Industries Limited 

Belrise Industries Limited was incorporated in 1988 and is engaged in the manufacturing of automotive sheet metal and casting parts, polymer components, suspension systems, and mirror systems. The company caters to a wide range of vehicle categories, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.

Its diverse product portfolio includes metal chassis systems, polymer components, suspension assemblies, body-in-white parts, and exhaust systems. These components are essential for vehicle safety and structural integrity.

Belrise Industries serves 27 Original Equipment Manufacturers (OEMs) globally, with a customer base that includes Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.

As of June 30, 2024, the company operates 15 manufacturing facilities across nine cities in eight Indian states. This wide manufacturing footprint enables Belrise to offer vertically integrated solutions and maintain close proximity to its clients.

With strong promoter leadership, innovation-led engineering, and an EV-agnostic product strategy, Belrise Industries is well-positioned to capitalise on the evolving needs of India’s automotive sector and the growing shift toward electric mobility.

How To Check the Allotment Status of the Belrise Industries IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Belrise Industries IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Belrise Industries IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.