Everything to Know About the Belrise Industries INR 2150 Crore IPO

Belrise Industries

Mumbai: Automotive component giant Belrise Industries Limited has unveiled the details of its maiden Initial Public Offering (IPO), slated to open for subscription from May 21 to May 23, 2025.

The IPO comprises a total fresh issue of ₹2,150 crore, with a price band of ₹85 to ₹90 per equity share of face value ₹5 each. There is no offer-for-sale component in the issue.

Proceeds from the IPO will be primarily used for repayment or prepayment of select borrowings amounting to ₹1,618.13 crore, and for general corporate purposes.

Belrise Industries is a leading player in the automotive component manufacturing space, offering over 1,000 products ranging from metal chassis systems, exhaust and suspension components, to polymer parts and battery containers.

The company’s offerings cater to both electric and internal combustion engine vehicles, enhancing its adaptability to evolving mobility trends.

Belrise serves a diversified customer base of 29 OEMs globally, including Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India, Royal Enfield, and Jaguar Land Rover. As of March 2025, the company operates 17 manufacturing units across 10 cities in 9 Indian states.

The firm recently expanded its footprint through the acquisition of H-One India Private Limited, previously a subsidiary of Japan’s H-One Company Limited. Internationally, Belrise has established operations in Austria, Slovakia, Japan, the United Kingdom, and Thailand, further solidifying its global supply chain and customer reach.

In FY24, Belrise Industries reported revenue from operations of ₹7,484.24 crore, marking a 13.7% growth from FY23. Net profit for the same period stood at ₹310.88 crore. For the nine months ended December 31, 2024, the company reported revenue of ₹6,013.43 crore and profit after tax of ₹245.47 crore.

Belrise Industries

The IPO is being offered via the book-building route, with 50% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail individual investors.

Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets are the book-running lead managers, while MUFG Intime India is acting as the registrar.

Author

  • Salil Urunkar

    Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

Back to top