Belrise Industries IPO Closes Today: Should You Apply? Check Subscription Status, Latest GMP
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The current grey market premium of Belrise Industries is now 25.56 per cent based on the upper IPO price of 113, indicating listing gains for investors.
Belrise Industries IPO: The initial public offering (IPO) of Belrise Industries Ltd, which is going to be opened today, May 23, has received over four-times subscription from investors. As of 10:19 am on the final day of bidding on Friday, the Belrise Industries IPO received a 4.40 times subscription, with a bidding of 73,52,70,772 shares against the offered shares of 16,72,22,223.
The retail and NII participation stood at 1.93 times and 15.01 times, respectively. Its qualified institutional buyer (QIB) category got a 0.76 times subscription.
Belrise Industries aims to raise Rs 2,150.00 crores through this bookbuilding IPO.
Following Ather Energy and Borana Weaves, Belrise Industries is the third company in the mainboard segment to launch an IPO in FY26.
Price Band And Lot Size
The company, based in Pune, has set a price band of Rs 85-90 per share. Investors can bid for a minimum of 166 equity shares in one lot, with additional bids to be made in multiples of this lot size.
The public offer consists entirely of a fresh issue of 23.89 crore equity shares, valued at Rs 2,150 crores. There is no offer-for-sale component in this IPO.
In the allocation of shares, 50% is reserved for qualified institutional bidders, 15% for non-institutional investors, and 35% for retail investors.
The primary objective of this IPO is to reduce the company's debt. Out of the net proceeds, Rs 1,618.1 crore will be used to repay debt, while the rest will go towards general corporate purposes.
Financial Performance
For the nine months ending December of the previous year, Belrise Industries reported a profit of Rs 245.5 crore, a decline of 17.5% compared to the same period the previous year. Revenue for this period increased slightly by 0.9% to Rs 6,013.4 crore.
About the Company
Belrise Industries is an Indian automotive component manufacturer offering a variety of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Their clients include prominent companies like Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
Belrise Industries IPO Allotment And Listing
The allotment of shares is expected to be finalized on Monday, May 26, 2025. The IPO is set to be listed on the BSE and NSE, with a tentative listing date of Wednesday, May 28, 2025.
Belrise Industries IPO: Should You Subscribe?
Bajaj Broking in its IPO note recommends 'subscribe for long term' for Belrise Industries IPO, saying, the company is a leading player in precision sheet metal pressing and fabrication, holding a 24% market share in India's two-wheeler metal components segment as of FY2024.
It, however, cautions that the company's top 10 customers contributed 57.42% of revenue in Q1 FY2024. Any disruption in these relationships or adverse changes in their financial health could negatively impact the company's business and cash flows.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
First Published:
May 23, 2025, 10:28 IST
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