About Belrise Industries:
The company is an automotive component manufacturer based in India, offering a diverse range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. The company’s products are largely agnostic to vehicle powertrain types, demonstrating its capability to serve both electric vehicles and internal combustion engine vehicles.
About the Industry in which Belrise Industries operates:
According to Paragraph 1 on page 79 of the CRISIL Report, the global two-wheeler metal components market was valued at ₹1,453.85 billion in 2023 and is projected to reach ₹1,767.28 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.29% between 2024 and 2029. Additionally, the two-wheeler metal products market is expected to grow at a CAGR of 11–13% over the next five years through the Financial Year 2030.
| Important Information and Timelines of the IPO of Belrise Industries: | |
|---|---|
| Open Date | 21 May 2025 |
| Close Date | 23 May 2025 |
| Total Issue Size – Number of Shares | 238888888 |
| Minimum Bid Price | 85 |
| Maximum Bid Price | 90 |
| Lot Size | 166 |
| Basis of Allotment | 26 May 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 27 May 2025 |
| Listing Date | 28 May 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Belrise Industries:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 166 | 14940 |
| Retail – Maximum | 13 | 2158 | 194220 |
| sHNI – Minimum | 14 | 2324 | 209160 |
| sHNI – Maximum | 66 | 10956 | 986040 |
| bHNI – Minimum | 67 | 11122 | 1000980 |
Objective of the IPO of Belrise Industries:
1.Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company
2.Utilization of funds for general corporate purposes.
Financials of Belrise Industries:
| Particulars | 9M Ended Dec 31, 2024* | 9M Ended Dec 31, 2023* | FY Ended Mar 31, 2024 | FY Ended Mar 31, 2023 | FY Ended Mar 31, 2022 |
|---|---|---|---|---|---|
| Equity Share Capital | 3,254.95 | 203.43 | 3,254.95 | 203.43 | 203.43 |
| Total Equity | 25,875.61 | 23,277.30 | 23,399.22 | 20,445.08 | 17,356.51 |
| Net Worth / Equity Attributable to Owners | 25,775.46 | 23,197.64 | 23,319.16 | 20,382.00 | 17,344.50 |
| Revenue from Operations | 60,134.26 | 59,578.76 | 74,842.41 | 65,824.96 | 53,968.54 |
| Restated Profit / (Loss) Before Tax | 3,063.56 | 3,507.60 | 3,720.39 | 3,567.04 | 3,072.44 |
| Restated Profit / (Loss) After Tax | 2,454.67 | 2,975.00 | 3,108.79 | 3,136.63 | 2,618.47 |
| Earnings per Equity Share – Basic | 3.77 | 4.57 | 4.78 | 4.82 | 4.02 |
| Earnings per Equity Share – Diluted | 3.77 | 4.57 | 4.78 | 4.82 | 4.02 |
| Return on Net Worth (%) | 9.52 | 12.82 | 13.33 | 15.39 | 15.10 |
| Net Asset Value per Equity Share | 39.75 | 35.76 | 35.94 | 31.41 | 26.66 |
| Total Borrowings (as per Balance Sheet) | 25,998.01 | 24,033.63 | 24,409.84 | 22,714.04 | 25,979.58 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Belrise Industries. You will receive a UPI mandate after 10:00 AM on 21 May 2025.
###1. How to apply for the IPO of Belrise Industries on Dhan?
You can apply for the IPO of Belrise Industries from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Belrise Industries be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 27 May 2025. However, you will be able to see the shares of Belrise Industries on Dhan before the market starts on the listing date which is 28 May 2025.