The initial public offer of Belrise Industries received bids for 11,80,99,870 shares as against 17,70,58,824 shares on offer, according to stock exchange data at 17:00 IST on 21 May 2025. The issue was subscribed 0.67 times.
The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof.
The promoters are Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve. The promoters and promoter group hold an aggregate of 64,97,26,304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 73.01%.
The objectives of the fresh issue include Rs 1,618.12 crore for the repayment or pre-payment of certain outstanding borrowings, with the remaining amount allocated for general corporate purposes.
Ahead of the IPO, Belrise Industries on Tuesday, 20 May 2025, raised Rs 644.99 crore from anchor investors. The board allotted 7,16,66,665 shares at Rs 90 each to 27 anchor investors.
Belrise Industries specializes in manufacturing automotive components, offering a diverse range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. In addition to core operations, it engaged in overseas trading, focusing on commodities such as metals, lithium-ion batteries, and electronics. This provides valuable insights into commodity data.
The company has built and maintained long standing relationships with a diverse customer base, including leading multinational OEMs such as Bajaj Auto, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield.
As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine Indian states, with integrated capabilities across the value chain.
The firm reported a consolidated net profit of Rs 245.47 crore and revenue from operations of Rs 6,013.43 crore for the nine months ended on 31 December 2024.