Belrise Industries Limited IPO
Belrise Industries Limited IPO
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Belrise Industries Limited's completed its IPO journey with a successful listing on NSE, BSE on 28-05-2025. The public offering mobilized 23,88,88,888 Shares in total capital, comprising 23,88,88,888 Shares in fresh equity.
The offering was conducted within the price band of ₹85 to ₹90, with minimum application lots of 166 shares. Investor participation during the 21-05-2025 to 23-05-2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on 26-05-2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Belrise Industries IPO About Company
Belrise, founded in 1988, is an Indian automotive component manufacturer supplying to 27 OEMs globally as of June 30, 2024. The company operates 15 manufacturing facilities across 9 cities in 8 states. Its diversified product portfolio includes metal components like sheet metal parts, chassis systems, body-in-white parts, exhaust systems and castings. It also manufactures polymer components and functional systems including suspension and mirror systems. Belrise serves leading two-wheeler, three-wheeler, passenger and commercial vehicle manufacturers such as Bajaj, Honda, Hero, Royal Enfield, Tata Motors, Mahindra, Jaguar Land Rover and VE Commercial Vehicles. With the growing EV market and global mobility shift, the company has significant expansion opportunities across multiple automotive segments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Belrise Industries IPO Strength Factors
- Market Leadership: Leading player in precision sheet metal pressing & fabrication in India.
- Innovation-Driven Engineering: Strong focus on R&D, process engineering, and continuous product innovation.
- Vertically Integrated Manufacturing: In-house capabilities ensure cost efficiency, consistent quality, and faster delivery.
Belrise Industries IPO Risk Factors
- Geographic Concentration Risk: 7 out of 15 manufacturing facilities are located in Maharashtra, making the business vulnerable to region-specific disruptions.
- Customer Concentration Risk: A major share of revenue comes from the top 10 customers, so losing any key client could significantly impact financial performance.
- Operational Risk: Any inability to maintain optimal capacity utilization or disruptions in manufacturing could reduce margins and profitability.
Belrise Industries IPO Lead Manager(s)
- Axis Capital Limited
- Hsbc Securities & Capital Markets Private Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
Belrise Industries IPO Promoter(s)
- Shrikant Shankar Badve
- Supriya Shrikant Badve
- Sumedh Shrikant Badve
Belrise Industries IPO FAQs
Belrise Industries Limited IPO subscribed 43.73 times. The public issue subscribed 4.52 times in the retail category,114.72times in QIB, and 48 times in the HNI (10+) category byNovember 25, 2025 11:02:47 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Belrise Industries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Belrise Industries IPO FAQs
Track all the latest updates and news of IPO.
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