Belrise Industries received SEBI nod to launch IPO, worth Rs 2150 Crore

Automotive components manufacturer Belrise Industries Ltd got approval on Tuesday, 4th March 2025, for IPO worth ₹2150 crore, which is a fresh issue along with a face value ₹5 of each share. On Tuesday, November 19, Belrise Industries took a significant step and submitted its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI).

The company plans to raise ₹2,150 crore through an IPO, featuring a fresh issue of equity shares, each with a face value of ₹5. This move marks a crucial milestone in the company’s growth journey. In this IPO, no offer for sale, resulting in all the IPO proceeds would be allocated to the company’s betterment.

The public issue is managed by Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited, and SBI Capital Markets Limited. 

The promoters of the company are Shrikant Shankar Badve, Supriya Shrikant Badve, and Sumesh Shrikant Badve. 

Belrise Industries may raise ₹430 crore through a pre-IPO placement before launching its IPO for subscription. If the company proceeds with this, the ₹430 crore raised will be deducted from the total amount of ₹2150 crore. 

Belrise Industries Limited intends to raise funds through the IPO to repay off its existing debt borrowed from certain companies. Additionally, the remaining will be used to support company expenses. 

As per the DRHP,  Belrise Industries plans to allocate up to 50% of the IPO to Qualified Institutional Buyers (QIBs), with 60% of that portion reserved for anchor investors. Non-Institutional Investors (NIIs) will receive at least 15%, while 35% will be allocated for retail investors. 

Established in 1996, with a great turnover of ₹7,484.2 crore, Belrise Industries specializes in Automotive systems for the Two-Wheeler, Three-Wheeler, and Four-Wheeler Passenger and commercial vehicle. 

Other than that, they are known to offer services like metal and polymer processing, Surface Treatment, Mirror Systems, Suspension Systems, Foundry, Home Appliances, Security Hardware, E-mobility and Floriculture. 

Over the years, they have grown their business by establishing a robust customer base and setting up more than 15 advanced manufacturing facilities across India. 

From a financial perspective, the company’s operating revenue increased 13.7% to Rs 7,484.24 crore in FY24 from Rs 6,582.50 crore in FY19. After taxes, FY24’s profit was Rs 310.88 crore, up from Rs 313.66 crore in FY19.

For the three months that concluded on June 30, 2024, operating revenue was Rs 1,780.97 crore, and post-tax profit was Rs 71.58 crore.

Belrise Industries IPO Prospectus:

Belrise Industries Company Financial Report

Amount ₹ in Crores

Belrise Industries IPO Valuation – FY2024

Belrise Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company; and
• General corporate purposes

IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• HSBC Securities and Capital Markets (India) Private Limited
• Jefferies India Private Limited
• SBI Capital Markets Limited