Belrise Industries IPO Opens Tomorrow: GMP, Price, Review and 10 Important Facts

Published: May 20, 2025 | 12:15 PM IST

The much-awaited Belrise Industries IPO is set to open for public subscription on Wednesday, May 21, 2025. The automotive component manufacturer is looking to raise ₹2,150 crore through its initial public offering, making it one of the notable IPOs investors are watching this month.

For investors planning to apply, the Belrise Industries IPO has several important points to consider, including its IPO price, lot size, GMP, financial performance, issue objectives and analyst views. Here are 10 key facts you should know before making an investment decision.

1. Belrise Industries IPO Subscription Dates

The Belrise Industries IPO will open on May 21, 2025, and investors can submit their applications until May 23, 2025.

The anchor investor portion of the issue opened on May 20, one day before the IPO was made available to other investors.

2. Belrise Industries IPO Price Band

The company has fixed the Belrise Industries IPO price band at ₹85 to ₹90 per share.

Investors can place their bids within this price range. At the upper end of ₹90, the company is valued at around 26 times its FY24 earnings per share.

3. Belrise Industries IPO Lot Size and Investment

The retail lot size has been fixed at 166 shares.

At the upper price band of ₹90 per share, a retail investor would need a minimum investment of ₹14,940 for one lot. Investors can apply for additional lots according to the applicable IPO rules.

4. Belrise Industries IPO Issue Size

Belrise Industries plans to raise ₹2,150 crore through a fresh issue of 23.89 crore equity shares.

The IPO does not include an Offer for Sale (OFS) component. Therefore, the funds raised through the issue will go to the company rather than existing shareholders selling their shares through the IPO.

5. How Belrise Industries Will Use IPO Funds

The company has stated that the proceeds from the IPO will primarily be used for financial and corporate requirements.

The major objectives include:

• Repayment or pre-payment of certain borrowings
• General corporate purposes
• Strengthening the company’s overall financial position

Reducing debt through IPO proceeds can help improve the company’s balance sheet and provide greater financial flexibility for future operations.

6. Belrise Industries Financial Performance

Belrise Industries has reported steady growth in revenue over recent financial years.

The company’s revenue increased from approximately ₹5,397 crore in FY22 to ₹6,582 crore in FY23, before reaching around ₹7,484 crore in FY24.

Its FY24 profit after tax stood at approximately ₹311 crore, compared with ₹314 crore in FY23 and ₹261 crore in FY22.

The revenue growth indicates an expanding business, although investors should also examine profitability, debt levels and cash flows before considering the IPO.

7. Belrise Industries IPO GMP Today

The Belrise Industries IPO GMP was reported at around ₹4.25 as of May 20, 2025.

Based on the upper IPO price of ₹90, this indicated a possible grey-market price of approximately ₹94.25.

That represents a premium of roughly 4.7% over the upper IPO price. However, GMP can change quickly depending on market sentiment and demand.

It is important to remember that IPO GMP is unofficial and does not guarantee the actual listing price or listing gains.

8. Belrise Industries IPO Review and Analyst Rating

Brokerage firm Anand Rathi reportedly gave the IPO a “Subscribe – Long Term” view.

One of the factors supporting the positive outlook is Belrise Industries’ position in the automotive component market. The company is among India’s major suppliers of metal components for two-wheelers and reportedly holds around 24% market share in this segment.

The company’s exposure to precision sheet metal fabrication, electric vehicles, commercial vehicles and exports could also provide additional growth opportunities.

At the upper IPO price, the company’s estimated market capitalization is around ₹8,008.9 crore.

9. Belrise Industries IPO Lead Managers and Registrar

Several prominent investment banking firms are involved in managing the public issue.

The book-running lead managers include:

• Axis Capital
• HSBC Securities & Capital Markets
• Jefferies India
• SBI Capital Markets

Link Intime India Pvt Ltd is acting as the registrar to the IPO.

Investors should carefully check the official IPO documents for application details, timelines and allotment-related information.

10. What Does Belrise Industries Do?

Belrise Industries is an Indian automotive component manufacturer supplying products to different segments of the automobile industry.

Its product range includes components and systems used in:

• Two-wheelers
• Three-wheelers
• Passenger vehicles
• Commercial vehicles
• Agricultural vehicles

The company’s portfolio includes chassis systems, suspension components, polymer and metal body parts, exhaust systems and body-in-white components.

Another important aspect of the business is that many of its products are powertrain-agnostic, allowing them to be used across both electric vehicles and internal combustion engine vehicles.

Should You Apply for the Belrise Industries IPO?

The Belrise Industries IPO has several factors that may attract long-term investors, including revenue growth, an established position in the automotive component industry and exposure to multiple vehicle segments.

Its presence in areas connected with electric vehicles, precision manufacturing and automotive exports could also support future growth.

However, investors should not make a decision based only on the Belrise Industries IPO GMP. Grey-market premiums can change rapidly and should not be treated as a guaranteed indication of listing performance.

Those considering the IPO should evaluate the company’s valuation, profitability, debt, business risks and future growth prospects according to their own investment objectives and risk tolerance.

Belrise Industries IPO: Key Details at a Glance

Frequently Asked Questions About Belrise Industries IPO

When will the Belrise Industries IPO open?

The Belrise Industries IPO is scheduled to open for public subscription on May 21, 2025, and close on May 23, 2025.

What is the Belrise Industries IPO price?

The IPO price band has been fixed at ₹85 to ₹90 per share.

What is the Belrise Industries IPO lot size?

The retail lot consists of 166 shares. At the upper price band of ₹90, one lot requires an investment of ₹14,940.

What is the Belrise Industries IPO GMP?

As of May 20, 2025, the reported Belrise Industries IPO GMP was around ₹4.25. GMP is unofficial and can change before listing.

Is Belrise Industries IPO good for long-term investment?

The company has shown revenue growth and has an established presence in the automotive component sector. However, whether the IPO is suitable depends on valuation, financial performance, risk tolerance and an investor’s individual objectives.

Does Belrise Industries work in the EV sector?

Yes. Its product portfolio includes components that can be used in both electric vehicles and internal combustion engine vehicles, giving the company exposure to the changing automotive industry.

Conclusion

The Belrise Industries IPO is attracting attention because of its ₹2,150 crore issue size, established automotive component business and growing exposure to segments such as electric vehicles and exports. The ₹85-₹90 price band, 166-share retail lot and reported GMP are among the key factors investors are tracking ahead of the issue opening.

While the company’s growth prospects appear interesting, investors should look beyond GMP and carefully assess the IPO’s valuation, financial performance and associated risks before investing.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a qualified financial professional before making any investment decision.