Belrise Industries Limited IPO

Belrise Industries IPO: An In-Depth Analysis

Belrise Industries is poised to launch its Initial Public Offering (IPO), presenting a significant opportunity for investors. This blog post provides a detailed overview of the IPO, including the company's background, IPO details, financial performance, strengths, weaknesses, opportunities, and threats. Whether you're a seasoned investor or new to the IPO market, this analysis will help you make an informed decision.

What does Belrise Industries Do?

Belrise Industries specializes in manufacturing safety-critical automotive components. These include metal chassis systems, polymer parts, suspension, exhaust, and mirror systems. The company's products are used in a variety of vehicles, including two-, three-, and four-wheelers, as well as commercial and agricultural vehicles.

Belrise Industries IPO: Key Details

Here's a quick look at the essential details of the Belrise Industries IPO:

Status: Preopen
RHP (Red Herring Prospectus): View RHP
Minimum Investment: ₹ 14,110 (166 shares)

IPO Timeline

Bidding Starts
21 May 2025

Bidding Ends
23 May 2025

Allotment
26 May 2025

Refunds
27 May 2025

Demat Transfer
27 May 2025

Listing
28 May 2025

50% Complete: From IPO Open to Allotment

Key Dates at a Glance

IPO Open Date: 21 May 2025
IPO Close Date: 23 May 2025
Listing Date: 28 May 2025
IPO Price Range: ₹ 85 to ₹ 90
IPO Size: ₹ 2150 Cr
Listing Exchange: BSE, NSE

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About Belrise Industries

Belrise Industries, established in 1988, is a key player in India’s auto components sector. As of June 30, 2024, the company operates 15 plants and supplies 27 Original Equipment Manufacturers (OEMs) globally. Its Managing Director is Mr. Shrikant Shankar Badve.

Navigating the Industry: Peer Analysis

Understanding where Belrise Industries stands in comparison to its peers can offer valuable insights. Some of its key competitors include:

Bharat Forge Ltd
Uno Minda Ltd
Motherson Sumi Wiring India Ltd
JBM Auto Ltd
Endurance Technologies Ltd
Minda Corporation Ltd (Spark Minda)

Objectives of the IPO

The funds raised from the IPO will be used for the following purposes:

Repayment/pre-payment of certain borrowings
General corporate purposes

IPO Size Details

Here’s a breakdown of the IPO size:

Type	Size
Total IPO Size	₹2,150 Cr
Offer For Sale	-
Fresh Issue	₹2,150 Cr

Lot Size Details

Understanding the lot size is crucial for application. Here's a summary:

Application	Lots	Shares	Amount
Retail (Min)	1	166	₹14,110
Retail (Max)	13	2158	₹183,430
S-HNI (Min)	14	2324	₹197,540
S-HNI (Max)	66	10956	₹931,260
B-HNI (Min)	67	11122	₹945,370

Financial Performance Overview

A look at Belrise Industries' financial performance over the past three fiscal years:

Profit and Loss Statement (₹ in Crores)

Particulars	FY22	FY23	FY24
Revenue	5,410.68	6,620.78	7,555.67
EBITDA	763.48	897.66	938.36
PAT	307.24	356.70	352.70

Balance Sheet Snapshot (₹ in Crores)

Particulars	FY22	FY23	FY24
Total Assets	5,196.07	5,679.15	6,041.65
Share Capital	20.34	20.34	325.50
Total Borrowings	2,597.96	2,271.40	2,440.98

Cash Flow Highlights (₹ in Crores)

Particulars	FY22	FY23	FY24
Net Cash Generated From Operating Activities	474.36	789.49	582.35
Net Cash Generated From Investing Activities	-543.13	-194.26	-361.64
Net Cash Generated From Financing Activities	-529.53	-141.34	-106.55
Net Increase (Decrease) In Cash And Cash Equivalents	-30.19	65.70	79.37

SWOT Analysis of Belrise Industries

A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis helps in understanding the internal and external factors affecting Belrise Industries.

Strengths	Weaknesses
Market leader in precision sheet metal pressing and fabrication Strong innovation and technology-driven product development capabilities Vertically integrated, efficient manufacturing infrastructure Long-term relationships with leading domestic and global OEMs	Ongoing legal proceedings may harm reputation and financial health Limited public visibility despite scale and client base High dependency on automotive industry cycles Complex operations may strain internal management systems
Opportunities	Threats
Rising demand for auto components in India and abroad Growth in EVs benefits their EV-agnostic product line Increasing export potential to new global markets Scope for new tech-driven product innovation	Failure to adapt to industry trends may impact competitiveness International business brings legal, tax, and compliance challenges Rapid tech shifts may outpace internal R&D Market volatility could affect OEM demand and orders

Reasons to Consider Investing

Here are a few reasons why you might consider investing in the Belrise Industries IPO:

Consistent revenue growth, crossing ₹7,500 crore in FY24.
IPO proceeds aimed at reducing debt and strengthening the balance sheet.
EV-agnostic, safety-critical components serving 27 OEMs, including major global brands.
Backed by 15 manufacturing plants and a strong export presence, positioning it for global scale-up.

Industry Position and Potential

Belrise Industries holds a significant position in the automotive component industry, with substantial growth potential.

Commands a 24% share in India’s two-wheeler metal components segment.
Supplies to 27 OEMs across Austria, UK, Japan, Thailand, and more.
Acquired H-One India to boost capabilities in lightweight, high-tensile steel parts.
India’s auto component industry may reach $200 billion by FY26, driven by demand and exports.

Steps to Apply for the IPO

Applying for the Belrise Industries IPO is straightforward:

Create a UPI ID
Apply for the IPO online using the Broker App or Website
Authorize the UPI mandate to block payment

Frequently Asked Questions (FAQs)

When does Belrise Industries IPO open and close?

The IPO opens from 21 May 2025 to 23 May 2025.

What is the size of the Belrise Industries IPO?

The size of the IPO is ₹2,150 Cr.

What is the price band of Belrise Industries IPO?

The price is fixed at ₹85 to ₹90 per share.

How to apply for Belrise Industries IPO?

Login to your 5paisa account, select the issue in the current IPO section, enter the number of lots and the price, and submit your UPI ID.

What is the minimum lot size and investment required?

The minimum lot size is 166 shares, requiring an investment of ₹14,110.

What is the allotment date of Belrise Industries IPO?

The share allotment date is 26 May 2025.

What is the Belrise Industries IPO listing date?

The IPO will likely be listed on 28 May 2025.

Who are the book runners for Belrise Industries IPO?

Axis Capital Ltd, HSBC Securities & Capital Markets Pvt Ltd, Jefferies India Pvt Ltd, and SBI Capital Markets Ltd are the book running lead managers.

What is the objective of the Belrise Industries IPO?

The company plans to utilize the raised capital for debt repayment and general corporate purposes.

Contact Information

For further inquiries, you can contact Belrise Industries or the IPO registrar: