Mumbai, May 16, 2025: Belrise Industries, a Tier 1 automotive component maker based in Aurangabad, plans to raise Rs 2150 crores through a maiden IPO at a fixed price band of Rs 85/—to Rs 90/—per equity share with a face value of Rs 5/-. According to company officials, no components will be offered for sale.
The company is inviting potential shareholders and investors to invest in a minimum of 166 equity shares in multiples from Wednesday, May 21, 2025, to Friday, May 23, 2025.
The Rs 2150 crores that the company intends to raise, approximately Rs 1,618.13 crore, will be used for repayment/prepayment, in full or in part, of certain borrowings obtained by the company and general corporate purposes.
Belrise Industries Ltd. provides a wide range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Its product offerings include metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others.
The products are largely agnostic to vehicle powertrain types, demonstrating their ability to cater to both electric and internal combustion engine vehicles, putting them in a good position to adapt to the growing electric vehicle market.
The company’s automotive product portfolio includes over 1,000 items, such as chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, suspensions, and steering columns, among others.
Belrise has long-term relationships with customers, including multinational OEMs such as Bajaj Auto Limited, Honda Motorcycle & Scooter India Private Limited, Hero MotoCorp Limited, Jaguar Land Rover Limited, and Royal Enfield Motors Limited.
As of December 31, 2024, the company markets its products both domestically and internationally, with operations in key global markets such as Austria, Slovakia, the United Kingdom, Japan, and Thailand, as well as a diverse customer base of 29 original equipment manufacturers.
Belrise acquired H-One India Private Limited (“H-One”), a former subsidiary of H-One Company Limited, a publicly traded Japanese company, in March 2025, and as of March 31, 2025, it operates 17 manufacturing facilities in 10 cities across nine states in India.
Belrise Industries’ revenue from operations increased by 13.70% to ₹7,484.24 crore in the financial year 2024, up from ₹6,582.50 crore in FY 2023, owing to higher product sales and raw material and component prices. Profit after tax for fiscal 2024 was Rs 310.88 crore.
For the nine months ended December 31, 2024, revenue from operations was Rs 6,013.43 crore, with profit after tax of Rs 245.47 crore.
The book-running lead managers for the issue are Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited, and SBI Capital Markets Limited, while the registrar is MUFG Intime India Private Limited.
The offer is being made through a book-building process, with no more than 50% of the net offer available for allocation on a proportionate basis to qualified institutional buyers, no less than 15% available for allocation to non-institutional bidders, and no less than 35% available for allocation to retail individual bidders.
