Mumbai, May 16, 2025: Automotive components maker Belrise Industries Ltd has announced its Initial Public Offering (IPO) will open for subscription on Wednesday, May 21, and close on Friday, May 23. The price band is fixed at ₹85–₹90 per equity share of face value ₹5 each.
The ₹2,150-crore IPO is a fresh issue with no offer-for-sale component. Proceeds worth ₹1,618.13 crore will be used to repay debt and for general corporate purposes.
Investors can bid for a minimum of 166 shares and in multiples thereafter. The issue is managed by Axis Capital, HSBC, Jefferies India, and SBI Capital Markets.
Belrise, which supplies over 1,000 automotive products to major OEMs like Bajaj Auto, Hero MotoCorp, and Jaguar Land Rover, reported a 13.7% revenue rise in FY24 to ₹7,484.24 crore. Profit after tax stood at ₹310.88 crore.
As of March 2025, the company operates 17 manufacturing units across India and exports to markets including the UK, Japan, and Austria.
