Belrise Industries IPO was subscribed overall 43.14 times on the last day, while A retail quota was subscribed 4.52 times, QIB subscribed 112.63 times, and NII quota subscribed 40.58 times respectively.
Details About Belrise Industries IPO
Belrise Industries got approval from SEBI for an IPO of ₹2,150 crores, which is entirely comprised of a fresh issue of ₹2,150 crores to raise funds and maintain financial stability. The face value of each share was ₹5. Moreover, the company has set up a price band between ₹85 to ₹90 per share. In this IPO total of 166 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 2158 shares in 13 lot sizes. S-HNI (Min) has a total of 2,324 shares in 14 lot sizes, while B-HNI Minimum has a total of 11,122 shares available in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,940 and maximum investment of ₹1,94,220.
- Small HNI (S-HNI): Minimum investment of ₹2,09,160.
- Big HNI (S-HNI): Minimum investment of ₹10,00,980.
Subscription duration of the Belrise Industries IPO
The opening date of the Belrise Industries IPO subscription was May 21, 2025, and the close date was May 23, 2025. The Belrise Industries IPO allotment was finalized on May 26, 2025, and the IPO listing is on May 28, 2025.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company.
- Lastly, the remaining funds will be used for the company’s General corporate purposes
About Belrise Industries IPO
One of the leading automotive parts manufacturing companies, Belrise Limited, started its business in 1996, intending to provide a wide range of safety-critical and engineering solutions for Two-wheeler, Three-Wheeler, and Four-Wheeler passenger and commercial vehicles. Moreover, they also provide a variety of services like metal and polymer processing, Surface treatment, Mirror Systems, Suspension Systems, Foundry, Home Appliances, Security Hardware, E-mobility, and Floriculture. With 30 years of experience in the market, the company decided to expand its brand by adding precision sheet metal pressing and fabrication, designing and producing suspension systems, and coating and painting services. The company consists of over 1000 different items, including chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, suspensions, and steering columns.
Belrise Industries IPO Financial Background
The company reported revenue of ₹7,555.67 crores in 2024 against ₹6,620.78 crores in 2023. The company reported a profit of ₹310.88 crores in 2024 against a profit of ₹313.66 crores in 2023.
