Belrise Industries Limited, a prominent player in India's auto component manufacturing sector, is ready to roll out its ₹2,150 crore Initial Public Offering (IPO) on May 21, 2025. The fresh issue is aimed at supporting expansion plans and fortifying the company's financial foundation as the automotive sector, especially electric vehicles (EVs), gains momentum.
Table of Contents:
- Belrise Industries IPO: Key Highlights and Offer Details
- About Belrise Industries: A Tier-1 Auto Component Leader
- IPO Objectives: Strengthening Financials and Fueling Expansion
- Business Performance Snapshot: Consistent Growth Trajectory
- How Belrise Compares with Industry Peers
- Key Financial Metrics of Belrise Industries
- Should You Consider the Belrise IPO?
Here's a comprehensive look at everything you need to know about the Belrise Industries IPO.
Belrise Industries is launching a ₹2,150 crore fresh issue IPO with a concise three-day bidding window. The listing is planned on both the BSE and NSE. Get all the insights on the Belrise IPO breakdown.
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- Face Value: ₹5 per equity share
- Market Lot: 166 shares
- Minimum Investment (Retail): ₹14,940
- Maximum Retail Investment: ₹1,94,220
- Issue Type: Book Build Issue
- Total Issue Size: ₹2,150 crore (Fresh Issue)
Wrap-up: This IPO offers investors a chance to ride the growth of a well-established auto component maker with a strategic focus on EV-ready components.
Founded in 1988, Belrise Industries has become a key supplier of critical auto components to major automotive brands, both in India and globally.
- Manufactures chassis systems, suspension components, exhaust systems, steering columns, polymer and metal components, battery containers, mirrors, and security systems.
- Operates 15 advanced manufacturing facilities spread across 9 cities and 8 states in India.
- Trusted by 27 major OEMs, including Tata Motors, Bajaj Auto, Honda, Hero, Royal Enfield, and Jaguar Land Rover.
Wrap-up: A diversified product range and strong OEM partnerships position Belrise as a formidable player in India’s auto and EV component sector.
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The ₹2,150 crore raised from this IPO will be channelled into specific strategic initiatives:
- Debt Repayment: To reduce financial liabilities and improve balance sheet resilience.
- Operational Expansion: Funding new projects and upgrading existing manufacturing infrastructure.
- General Corporate Purposes: Meeting working capital needs and driving product innovation.
Wrap-up: This capital boost is expected to support Belrise’s operational efficiency and long-term growth ambitions.
Belrise Industries has demonstrated stable and consistent growth in both revenue and profitability.
- Net Sales: Increased from ₹3,829 crore in FY20 to ₹6,033 crore in FY24.
- Net Profit: Rose from ₹230 crore to ₹295 crore during the same period.
- Earnings Per Share (EPS): Improved from ₹0.35 to ₹0.45.
- Balance Sheet: Healthy with a growing equity base, reducing borrowings, and active capital expenditure.
- Cash Flows: Solid operational cash flows with a steady focus on debt reduction.
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Wrap-up: Steady financial growth and prudent management practices indicate a positive outlook for future investors.
Belrise Industries stacks up competitively when compared to established auto component companies in India. Here’s how it fares:
- Belrise (Post-IPO):
- EPS: ₹3.68
- PE Ratio: 24.47
- RoNW: 13.33%
- NAV: ₹15.04
- Revenue (FY24): ₹6,033 crore
- Uno Minda:
- EPS: ₹15.36
- PE Ratio: 65.01
- RoNW: 21.68%
- NAV: ₹91.71
- Revenue: ₹13,910 crore
- Endurance Technologies:
- EPS: ₹48.38
- PE Ratio: 49.09
- RoNW: 16.24%
- NAV: ₹353.86
- Revenue: ₹10,052 crore
- Minda Corporation:
- EPS: ₹9.65
- PE Ratio: 52.15
- RoNW: 13.99%
- NAV: ₹82.84
- Revenue: ₹4,651 crore
Wrap-up: Belrise offers a modest valuation with a competitive RoNW, backed by robust fundamentals and a growth-centric product portfolio.
The company's financial health is reflected in these key indicators:
| Metric |
Value |
| Estimated Market Cap |
₹8,008.91 crore |
| Return on Capital Employed (ROCE) |
14.83% |
| Debt/Equity Ratio |
0.97 |
| PAT Margin |
4.36% |
| Price to Book Value (P/BV) |
2.50x
|
Wrap-up: These metrics suggest a scalable, well-managed business with healthy profitability and controlled debt.
Reasons to Consider:
- Consistent revenue and profitability growth.
- Increasing focus on EV-compatible components.
- Strong, long-standing OEM partnerships.
- Balanced risk profile with stable profit margins.
- Ongoing capacity expansion and infrastructure upgrades.
Risks to Keep in Mind:
- Recent margin pressure from rising operational costs.
- Operating in a competitive, cyclical auto component industry.
- Reliance on the automotive sector’s economic cycles.
Also, watch Groww's video below before making your decision.
Final Verdict:
The Belrise Industries IPO presents a compelling opportunity for long-term investors looking to capitalise on India's expanding automotive and EV ecosystem. With a solid manufacturing base, innovative product line, and future-ready strategies, Belrise is well-positioned for growth. While sector-specific risks remain, the company's financial discipline, strong OEM connections, and scalable operations make this a noteworthy IPO in the 2025 market lineup.
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Belrise Industries IPO FAQs
1. When is the Belrise Industries IPO opening date?
The Belrise Industries IPO is set to roll out on 21 May 2025, with a three-day bidding window.
2. What is the issue size of the Belrise Industries IPO?
The total issue size of the Belrise Industries IPO is ₹2,150 crore, which is a fresh issue.
3. What is the minimum investment for retail investors in the Belrise IPO?
Retail investors can make a minimum investment of ₹14,940 in the Belrise Industries IPO, which corresponds to 166 shares per market lot.
4. What products does Belrise Industries manufacture?
Belrise Industries manufactures a diverse range of auto components, including chassis systems, suspension components, exhaust systems, steering columns, polymer and metal components, battery containers, mirrors, and security systems.
5. Who are the major OEM clients of Belrise Industries?
Belrise Industries is a trusted supplier to 27 major OEMs, including Tata Motors, Bajaj Auto, Honda, Hero, Royal Enfield, and Jaguar Land Rover.
6. Should I invest in the Belrise Industries IPO?
The Belrise Industries IPO presents a compelling opportunity due to its consistent growth, focus on EV components, strong OEM partnerships, and scalable operations. However, potential investors should consider risks such as recent margin pressure and the cyclical nature of the auto industry.
7. What are the risks associated with investing in the Belrise Industries IPO?
Risks include recent margin pressure from rising operational costs, operating in a competitive and cyclical auto component industry, and reliance on the automotive sector’s economic cycles.