Belrise Industries IPO Set to Open from May 21: All You Need to Know

Belrise Industries IPO is set to open for subscription on May 21, 2025, and closes on May 23, 2025. The basis of allotment is expected to be finalised on Monday, May 26, 2025, and the shares are likely to be listed on the BSE and NSE with a tentative listing date of Wednesday, May 28, 2025.

Belrise Industries IPO Details

Belrise Industries IPO is a bookbuilding of ₹2,150.00 crores. The issue is entirely a fresh issue of 23.89 crore shares. The price band for the IPO has been set at ₹85 to ₹90 per share. Retail investors can apply for a minimum lot size of 166 shares, which translates to a minimum investment of ₹14,110 at the lower end of the price band.

The IPO is being managed by a consortium of prominent book-running lead managers, including Axis Capital Limited, HSBC Securities & Capital Markets (India) Pvt. Ltd., Jefferies India Private Limited, and SBI Capital Markets Limited. The issue's registrar is Link Intime India Private Limited.

Use of IPO Proceeds

The net proceeds from the Belrise Industries IPO will be primarily used for the repayment or prepayment of certain outstanding borrowings of the company, amounting to approximately ₹16,181.27 million. The remaining funds will be allocated for general corporate purposes, supporting the company’s future growth initiatives and strengthening its balance sheet.

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About Belrise Industries Limited

Established in 1988, Belrise Industries Limited is a prominent automotive component manufacturer in India. The company designs and produces a diverse range of safety-critical and structural systems for various types of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.

Belrise's extensive product portfolio includes metal chassis systems, polymer components, suspension assemblies, body-in-white parts, and exhaust systems. With a strong emphasis on quality and innovation, the company has become a key supplier to some of the leading automotive brands.

Belrise Industries serves a wide clientele that includes some of the biggest names in the automotive sector, such as Bajaj Auto, Honda, Hero MotoCorp, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra & Mahindra.

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