Belrise Industries, a key player in the automotive components sector, has announced the price band for its upcoming Initial Public Offering (IPO), setting it at Rs 85 to Rs 90 per share. The company aims to raise Rs 2,150 crore through the public issue.
The IPO will open for subscription on May 21 and close on May 23. A separate bidding window for anchor investors will be held on May 20. According to the Draft Red Herring Prospectus (DRHP), the offering will consist entirely of a fresh issue of equity shares. There will be no Offer for Sale (OFS) component.
From the proceeds, Belrise plans to use Rs 1,618 crore to reduce its existing debt. As of December 2024, the company had total borrowings of around Rs 2,600 crore.
Headquartered in India, Belrise Industries manufactures a variety of safety-critical systems and engineering products used in two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. The company also has a strong global footprint, with operations in Austria, Slovakia, the United Kingdom, Japan, and Thailand.
Belrise has long-term partnerships with major global original equipment manufacturers (OEMs), including Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield Motors.
As of December 2024, Belrise operated 17 manufacturing facilities spread across 10 Indian states. For the financial year 2024, the company reported a revenue of Rs 7,484.24 crore, marking a 13.7% increase from Rs 6,582.50 crore the previous year. However, its net profit stood at Rs 310.88 crore, slightly lower than Rs 313.66 crore recorded in the prior fiscal.
The IPO will allocate 50% of the shares to qualified institutional buyers (QIBs), 35% to retail investors, and the remaining 15% to non-institutional investors. Investors can bid for a minimum of 166 shares, with additional bids in multiples of 166.
The issue is being managed by Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets, which are acting as the lead book-running managers.
Belrise Industries offers a diverse portfolio that includes advanced battery systems, electric mobility solutions, and precision engineering components. The company continues to invest in research and development to support innovation in clean and efficient transportation technologies. With a focus on sustainable growth and global expansion, Belrise aims to remain at the forefront of the mobility sector’s evolution.
