Automotive component manufacturer sets price band at ₹85-₹90 per share with proceeds primarily targeted for debt reduction and operational expansion
16 May 2025 | 1051 Views | By Angitha Suresh
Belrise Industries Limited, an automotive component manufacturing company, announced today that its initial public offering (IPO) will open for subscription on May 21, 2025, and close on May 23, 2025. The company has fixed the price band at ₹85 to ₹90 per equity share with a face value of ₹5 ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Belrise Industries Limited, an automotive component manufacturing company, announced today that its initial public offering (IPO) will open for subscription on May 21, 2025, and close on May 23, 2025. The company has fixed the price band at ₹85 to ₹90 per equity share with a face value of ₹5 each.
The IPO consists entirely of a fresh issue amounting to Rs 2,150 crore with no offer for sale component. Investors can bid for a minimum of 166 equity shares and in multiples thereof, according to the company's statement issued in Mumbai.
Belrise plans to utilize Rs 1,618.13 crore from the proceeds to repay or prepay certain borrowings, with the remaining funds allocated for general corporate purposes.
The company manufactures a diverse range of automotive components including metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems. Its product portfolio comprises over 1,000 distinct products that are compatible with both electric vehicles and internal combustion engine vehicles.
Belrise Industries has established relationships with 29 original equipment manufacturers (OEMs) including Bajaj Auto Limited, Honda Motorcycle & Scooter India Private Limited, Hero MotoCorp Limited, Jaguar Land Rover Limited and Royal Enfield Motors Limited.
In March 2025, the company acquired H-One India Private Limited, previously a subsidiary of H-One Company Limited, a listed entity in Japan. Following this acquisition, Belrise operates 17 manufacturing facilities across 10 cities in nine Indian states.
The company's financial performance shows revenue from operations increased by 13.70% to ₹7,484.24 crore for the financial year 2024 from ₹6,582.50 crore in the previous fiscal year. Profit after tax for FY 2024 was Rs 310.88 crore. For the nine months ended December 31, 2024, revenue stood at Rs 6,013.43 crore with a profit after tax of Rs 245.47 crore.
Axis Capital, HSBC Securities and Capital Markets (India), Jefferies India, and SBI Capital Markets are serving as the book-running lead managers for the IPO, while MUFG Intime India is the registrar.
The offering follows a book-building process with allocation priorities set at 50% for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail individual investors.