Belrise Industries came to market through an IPO that opened on 21 May 2025 and closed on 23 May 2025, and the shares listed on 28 May 2025 on BSE, NSE. The price band was ₹85 to ₹90 per share and one lot was 166 shares, so the minimum application was ₹14,940. The issue size was ₹2150 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) was the registrar to the issue, and Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jefferies India Private Limited, SBI Capital Markets Limited were the lead managers.
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The Belrise Industries Limited was incorporated in the year 1988 and is one of the leading automotive component manufacturers in India which is itself a specialised producer of automotive sheet-metal and castings, polymer components, suspension systems and mirror systems. The company addresses a large range of vehicles such as two, three, four-wheelers, commercial and agri-vehicles catering to a broad scope of safety-critical systems and engineering solutions.
Belrise Industries, while being quality and innovation oriented, presents a wide range of products that have categorised under metal chassis systems, polymer components, suspensions systems, body-in-white components, and exhaust systems. The company has established long term relationships with the leading OEM’s like Bajaj, Honda, Hero, Royal Enfield, Jaguar Land Rover, VE Commercial Vehicles, Tata Motors, and Mahindra.
By June 30 2024 Belrise Industries services 27 OEM’s Globally with 15 facilities of state of the art manufacturing facilities in 9 cities, in 8 states of India. This strong client base and broad manufacturing footprint demonstrates the importance of the company in the automotive component business on both the domestic and the international fronts.
As described in the offer document.
| Metric | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Belrise Industries raised ₹645 crore from anchor investors on May 20, 2025, prior to its ₹2,150 crore Initial Public Offering (IPO). Marquee investors who bought shares of Belrise Industries through anchor book include Blackrock, Smallcap World Fund, Prudential Assurance Company, Pinebridge Global Funds, BNP Paribas, and Tocu Europe.
Along with other investors, ICICI Prudential Mutual Fund, HDFC MF, Nippon Life India, Valuequest India, Kotak Iconic Fund, Bajaj Allianz Life Insurance, Edelweiss, Mahindra Manulife MF, and Bharti Axa Life Insurance also put their investment into the company.
Shrikant Shankar Badve, Supriya Shrikant Badve, Sumedh Shrikant Badve. Promoter holding 99.81% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Belrise Industries IPO was a ₹2,150 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹85–₹90 per share with a lot size of 166 shares (₹14,940). The IPO was open from May 21 to May 23, 2025. Shares listed on BSE and NSE on May 28, 2025 at ₹100, a 11.1% premium to the issue price of ₹90. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar.
Axis Capital Limited and 3 other book running lead managers manage the issue.
The price band of Belrise Industries IPO is ₹85 to ₹90 per share.
The lot size of Belrise Industries IPO is 166 shares.
The minimum investment for Belrise Industries IPO is approximately ₹14,940 based on the upper price band.
The allotment date of Belrise Industries IPO is May 26, 2025.
Belrise Industries IPO's final recorded GMP before listing was ₹21 per share (a 23% premium over the ₹90 upper price band). The shares listed at ₹100. GMP is unofficial and does not forecast or guarantee the actual listing price.
Belrise Industries IPO listed on May 28, 2025. It was issued at ₹100.0(NSE) and is currently around ₹206.30 as on 30-Oct-2026 3:30 PM, which is approximately 129.2% versus issue price. The 52-week high is ₹268.20.
You can check Belrise Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Belrise Industries IPO allotment status on Rupix for quick and easy access.
₹85 to ₹90 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 166 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,940.
₹14,940, for one lot of 166 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 21 May 2025 and closed on 23 May 2025.
The basis of allotment was published on 26 May 2025 by MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), and allotted shares were credited to demat accounts before listing.
The shares listed on 28 May 2025 on BSE, NSE.
The issue size was ₹2150 crore. The fresh issue was 23,88,88,888 shares (aggregating up to ₹2150 crore).