Belrise Industries Limited, a leading automotive components manufacturer, is set to launch its highly anticipated Initial Public Offering (IPO) on Wednesday, May 21, 2025. The company has announced a price band of ₹85 to ₹90 per equity share (face value ₹5 each) for its public issue. The IPO, which closes on Friday, May 23, 2025, will allow investors to bid for a minimum of 166 equity shares and in multiples thereof.
The IPO is an entirely fresh issue of up to ₹2,150 crore, with no offer-for-sale component. Of the total proceeds, ₹1,618.13 crore will be allocated for repayment or prepayment of certain borrowings, while the remainder will go toward general corporate purposes.
Belrise Industries offers a diverse array of safety-critical systems and engineering solutions catering to two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its product line spans metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems. Notably, its products are agnostic to vehicle powertrain types, allowing the company to serve both electric vehicles (EVs) and internal combustion engine (ICE) vehicles, positioning it favorably in the evolving mobility landscape.
Belrise’s automotive product range includes over 1,000 distinct items, encompassing chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, and steering components, among others.
The company boasts strong, long-standing relationships with marquee clients such as Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield.
As of December 31, 2024, Belrise had an international footprint across key markets including Austria, Slovakia, the UK, Japan, and Thailand, and served a diversified customer base of 29 OEMs globally.
In March 2025, the company acquired H-One India Private Limited, a former subsidiary of Japan’s H-One Company Limited. As a result, Belrise now operates 17 manufacturing facilities across 10 cities in nine Indian states.
Financially, Belrise Industries recorded a 13.7% growth in revenue to ₹7,484.24 crore in FY24, up from ₹6,582.50 crore in FY23. Profit after tax for FY24 stood at ₹310.88 crore. For the nine months ended December 31, 2024, the company reported revenue of ₹6,013.43 crore and profit after tax of ₹245.47 crore.
Axis Capital, HSBC Securities and Capital Markets (India), Jefferies India, and SBI Capital Markets are the book-running lead managers, while MUFG Intime India is the registrar to the issue.
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