Belrise Industries IPO Upcoming
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Schedule of Belrise Industries
| Issue open date | 21 May 2025 |
| Issue close date | 23 May 2025 |
| UPI mandate deadline | 23 May 2025 (5 PM) |
| Allotment finalization | 26 May 2025 |
| Refund initiation | 27 May 2025 |
| Share credit | 27 May 2025 |
| Listing date | 28 May 2025 |
| Mandate end date | 07 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 26 Jun 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Belrise Industries
Belrise Industries is a leading Indian manufacturer of automotive components, offering over 1,000 products across chassis, exhaust, suspension, polymer, and body parts for 2W, 3W, 4W, commercial, and agri-vehicles. It supports both electric and ICE vehicles and has grown revenue at a 17.76% CAGR from FY22 to FY24. With a 24% market share in India’s two-wheeler metal components segment and expertise in precision sheet metal fabrication, the company serves both domestic and international markets. It operates on a just-in-time inventory model and has scalable facilities across India and overseas.
Financials of Belrise Industries
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹2150 crores |
| Fresh Issue | ₹2150 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of borrowings | 1618.13 (75.26%) |
| General corporate purposes | 531.87 (24.74%) |
Strengths
- Among top 3 in India’s two-wheeler metal components segment with 24% market share
- Strong backward and forward integration with in-house tool making, assembly, and painting
- Proximity to OEMs with 17 plants across 9 states enables custom and agile supply
- Broad client base with 29 OEMs, including Bajaj, Hero, Tata, and JLR
- Products are EV and ICE agnostic, positioning well for industry transition
Risks
- 7 of 17 plants are in Maharashtra, exposing it to regional risks
- Top 10 customers contribute ~64% of revenue, indicating high client concentration risk
- Dependent on a few key raw materials with price and supply volatility
- Competitive pricing pressure from OEMs may impact profit margins
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Regulatory compliance issues in multiple jurisdictions could lead to penalties or shutdowns
Allotment Status for Belrise Industries
To check your allotment status – click here.