Belrise Industries Limited (MAINBOARD)
May 21, 2025 – May 23, 2025
| Price | ₹85 - ₹90 |
| Premium | ₹7 |
|---|---|
| Lot size | 166 |
| Allotment | May 26, 2025 |
| Listing | May 28, 2025 |
Subscription
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 166 | 14940 | 503681 |
| sHNI | 14 | 2324 | 209160 | 5139 |
| bHNI | 67 | 11122 | 1000980 | 10279 |
IPO Details
| Total Issue Size | [238888888] shares (aggregating up to 2,150.00 Cr) |
| Fresh Issue | [238888888] shares (aggregating up to 2,150.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 65,09,90,304 shares |
| Share Holding post issue | 88,98,79,192 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Issue |
| Retail Shares Offered | Not less than 35% of the Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Issue |
Key Performance Indicators
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 11.03% | 14.83% | 14.04% |
| D/E | 1.00 | 0.97 | 1.06 |
| RONW | 9.52% | 13.33% | 15.39% |
| EPS (basic) | 3.77 | 4.78 | 4.82 |
| P/E Pre IPO | 16.61 | ||
| P/E Post IPO | 24.47 |
Financial Details In Crores
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 6,587.7 | 6,041.7 | 5,679.2 | 5,196.1 |
| Revenue | 6,064.8 | 7,555.7 | 6,620.8 | 5,410.7 |
| Profit After Tax | 245.5 | 352.7 | 356.7 | 307.2 |
| Net Worth | 2,577.6 | 2,331.9 | 2,038.2 | 1,734.5 |
| Reserves and Surplus | 2,252.2 | 2,014.4 | 2,024.2 | 1,715.3 |
| Total Borrowing | 2,599.8 | 2,441.0 | 2,271.4 | 2,598.0 |
Company Overview
Founded: 1988
Headquarters: India
Industry: Automotive Components Manufacturing
Market Presence: Supplies to 27 OEMs globally (as of June 30, 2024)
Manufacturing Footprint:
15 manufacturing facilities
Spread across 9 cities in 8 states
Product Portfolio
Belrise manufactures a diverse range of automotive components, including:
Metal Components
Automotive sheet metal parts
Chassis systems
Body-in-white components
Exhaust systems
Casting parts
Polymer Components
Plastic parts for vehicles
Safety & Functional Systems
Suspension systems
Mirror systems
Key Customers
The company serves major automotive OEMs, including:
Two-Wheelers: Bajaj, Honda, Hero, Royal Enfield
Four-Wheelers (Passenger & Commercial): Tata Motors, Mahindra, Jaguar Land Rover, VE Commercial Vehicles
Three-Wheelers & Agri-Vehicles
EV Market Expansion: With India pushing for electric mobility, Belrise is well-placed to supply components for EVs.
Global OEM Expansion: Serving 27 OEMs indicates potential for further international growth.
Diversification: Ability to expand into adjacent automotive & mobility segments.
Strength
Market Leadership :Leading player in precision sheet metal pressing & fabrication in India.
Innovation & Engineering Capabilities: Focus on R&D, process engineering, and innovation-driven development.
Vertically Integrated Manufacturing: In-house capabilities across multiple product categories, ensuring cost efficiency and quality control.
Weakness
Geographic Concentration Risk: Seven out of 15 manufacturing facilities are in Maharashtra, exposing the business to region-specific disruptions.
Customer Concentration Risk: A significant portion of revenue comes from the top 10 customers; any loss or financial issues with them could impact performance.
Operational Risk: Inability to maintain capacity utilization or disruptions in manufacturing operations may reduce margins and profitability.
Lead Manager(s)
Address
Plot No D-39
MIDC
Area Waluj
Phone: +910240 255120
Email: complianceofficer@belriseindustries.com
Website: http://www.belriseindustries.com/