Belrise Industries IPO – Review
Belrise Industries Limited – a Tier-1 Automotive OEM Manufacturing Group in India is planning to raise INR 2150 crore via IPO.
[Fresh Issue 2150 crore + OFS NIL]
Belrise industries limited ipo price is INR 85 – 90 per share
Belrise Industries: History
The Company was originally incorporated as “Badve Engineering Private Limited”, as a private limited company under the provisions of the Companies Act, 1956,
The company’s name was changed to Belrise Industries Limited at the EGM held on August 23, 2022, and a fresh certificate of incorporation was issued on August 29, 2022 by the Registrar of Companies, Mumbai.
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Belrise Industries: Business
Belrise Industries Limited is an automotive component manufacturing company in India that offers a wide range of safety-critical systems and other engineering solutions for 2-wheelers, 3-wheelers, 4-wheelers, commercial vehicles, and agri-vehicles.
The Company’s product portfolio is diversified across –
- Metal Processing,
- Polymer Processing,
- Surface Treatment,
- Mirror Systems,
- Suspension Systems,
- Foundry,
- Home Appliances,
- Security Hardware,
- E-mobility, and
- Floriculture
The Company’s products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both internal combustion engine vehicles and electric vehicles. Thus, it is positioning itself favorably to adapt to the fast-growing electric vehicle market.
The Company specializes in precision sheet metal pressing and fabrication and it is one of the top 3 companies with a market share of 24 percent in the overall 2-wheeler metal components segment in India as of FY 2024, in terms of revenue (Source: CRISIL Report).
Client List
Belrise Industries has relationships with clients including –
- Bajaj Auto,
- Honda Motorcycle & Scooter India,
- Hero MotoCorp,
- Jaguar Land Rover, and
- Royal Enfield Motors
Strategies Ahead
- Increase content per vehicle through new, high-value, and complex products
- Expand the portfolio of renewable energy and electric vehicle products
- Build a portfolio of proprietary products, in-house and through collaborations
- Diversify 2-wheeler, 4-wheeler, and commercial vehicle (CV) client base
- Grow aftermarket presence and exports through organic and inorganic initiatives
Company Promoters
- Shrikant Shankar Badve,
- Supriya Shrikant Badve, and
- Sumedh Shrikant Badve
IPO Details
Belrise industries ipo date = 21 May to 23 May 2025
Minimum Amount = INR 14,940
Minimum Bid = 166 Shares
Face Value (FV) = INR 5
Listing On = NSE, BSE
Book Running Lead Managers
Axis Capital Limited,
HSBC Securities & Capital Markets Pvt Ltd,
Jefferies India Private Limited,
SBI Capital Markets Limited
FINANCIALS
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Belrise Industries ipo.
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