Belrise Industries IPO – Price, Dates, GMP, Analysis and more...
3 days ago
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The Company has set a price band of ₹85 – ₹90 per share, with investors able to place bids in lots of 166 shares each. Minimum Investment; ₹14,110
IPO Snapshot
Total Issue Size: ₹ 2150 Cr Shares: 23,88,88,888 shares Type: Fresh issue Face Value: ₹ 5 Price Band: ₹ 85 to ₹ 90 Lot size: 166 Minimum investment: ₹ 14110 Listing: BSE, NSE
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Key IPO Dates: Opens: 21 May, 2025 Closes: 23 May, 2025
Tentative allotment date shall be 2 to 4 days after IPO bid closes and listing date shall be 2 to 4 days after allotment. Dates shall be published by the registrar and exchanges respectively. |
Business Overview
Belrise Industries Limited (formerly Badve Engineering Limited) was founded in 1996. It is a well-established Indian manufacturing company specialising in solutions for the 2W, 3W, PV and CV automotive sector. Belrise Industries operates across four key business segments: metal forming and sheet metal components, polymer products, suspension assemblies, and electric mobility components. With 17 manufacturing facilities spread across 10 key industrial hubs in 9 states, Belrise supplies major OEMs.
Financial Performance
FY | Revenue (₹ Cr) | PAT (₹ Cr) |
FY22 | 5396.85 | 261.84 |
FY23 | 6582.49 | 313.66 |
FY24 | 7484.24 | 310.87 |
GMP (Grey Market Premium)
As of the latest data, Belrise Industries is commanding a GMP of ₹13, indicating a potential listing gain of over 14%.
Peer comparison
Use of Proceeds
Funds raised shall go towards;
Debt repayment/prepayment in full or part – 1618.12 Cr (approximately 75% of net proceeds)
General corporate purposes – not to exceed 25% of net proceeds
SWOT analysis for Belrise Industries
Strengths | Weaknesses |
Diverse product portfolio (2W, 3W, 4W, EV) | Regional concentration in Maharashtra |
Established client base (Bajaj, Tata, Royal Enfield) | High dependency on the two-wheeler segment |
Strong manufacturing footprint (17 plants) | Raw material cost volatility |
Revenue growth (₹5396 cr in 2022 to ₹7,484 cr in 2024) | Limited global presence |
Strategic expansion into EV components |
Opportunities | Threats |
Growth in electric vehicle components | Supply chain disruptions |
Diversify client base into 4W and commercial vehicles | Intense competition from domestic/international players |
Rising automotive demand in India | Economic slowdowns and regulatory changes |
Technological innovation and product development | Currency fluctuations |
Potential exports and global market expansion | Environmental regulations compliance costs |
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
Research: Joshwa Joji
Linkedin : http://linkedin.com/in/jjoji
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