Belrise Industries Limited is coming up with an IPO with a fresh issue of 23.89 crore shares worth INR 2,150 crores. The company aims to repay or prepay certain borrowings and meet general corporate purposes. 

Belrise Industries IPO – Important Dates

Belrise Industries Limited IPO – Company Profile

Belrise Industries Limited is an automotive component manufacturing company in India offering a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. 

The company specialises in precision sheet metal pressing and fabrication, with a 24% market share in the Indian two-wheeler metal components segment as of March 2024. It is also engaged in three-wheeler and four-wheeler component manufacturing. 

Belrise Industries serves major OEMs including Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra. With a revenue CAGR of 17.76% from FY2022 to FY2024. 

Belrise Industries Ltd IPO Fundamental Analysis

Belrise Industries Limited’s financial analysis reveals a mixed performance. Revenue has increased, but declining profitability, EPS, and RoNW highlight challenges despite asset growth, rising equity, stronger liquidity and improved inventory turnover, indicating potential operational efficiency. 

• Revenue Trend: The revenue increased from ₹65,824.96 millions in March 2023 to ₹74,842.41 millions in March 2024. The revenue for the 9-month period ended December 2024 is ₹60,134.26 million. 
• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. The debt-equity ratio has decreased, indicating decreasing reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly decreased from ₹3,136.63 million in March 2023 to ₹3,108.79 million in March 2024. This decline in profitability could be a source of concern among investors. 
• Earnings per Share (EPS): The diluted EPS has reduced from ₹4.82 in March 2023 to ₹4.78 in March 2024, reflecting lower earnings per share for investors.
• Return on Net Worth (RoNW): The RoNW has decreased from 15.39% to 13.33%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. The current ratio has also increased, indicating stronger liquidity and a better ability to meet short-term obligations. 
• Inventory Turnover Ratio: There’s an increase in the Inventory Turnover Ratio, which might suggest faster sales or efficient inventory management. 

Belrise Industries IPO Financial Analysis

Belrise Industries Limited IPO Peer Comparison

Belrise Industries Limited shows strong growth, Bharat Forge Ltd leads in revenue, Uno Minda Ltd excels in P/E ratio, Endurance Technologies Ltd shows strong growth in EPS, and Motherson Sumi Wiring India Ltd leads in RoNW. 

Belrise Industries Ltd IPO Objective

The main objective of Belrise Industries Limited is to repay or prepay borrowings availed by the company and fund general corporate purposes. 

1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company: The company intends to utilise INR 16,181 million from the Net Proceeds for the repayment or prepayment of certain outstanding borrowings. 

2. General corporate purposes: The company will utilise the remaining funds from the Net Proceeds for general corporate purposes. 

Belrise Industries IPO Risks And Challenges

Belrise Industries Limited’s risks include regional concentration, dependency on a few major customers, and exposure to related party transactions, which may adversely impact its operations, financial condition, and cash flows. 

• The company’s major manufacturing facilities are located in Maharashtra. This geographic concentration poses potential for regional risk exposure, which may adversely affect operations and overall business performance. 
• The company’s major revenue is significantly dependent on its ten largest customers. Any loss of a key customer or deterioration in their financial condition will have an adverse effect on the business, financial condition and cash flows.  
• The company has entered into related party transactions and may continue to do so. While these transactions are conducted in the normal course of business, there is no assurance that such transactions will not adversely affect its business, financial condition and cash flows. 

Belrise Industries Ltd IPO – Industry & Market Potential

The Indian two-wheeler industry is projected to grow at a 6–8% CAGR from FY2024 to FY2031, reaching 29–30 million units, driven by rural demand, premiumization, EV adoption, shrinking replacement cycles, and CNG powertrain introductions.

India’s electric passenger vehicle segment grew at a 21% CAGR from FY2019 to FY2024, reaching ~91,000 units. EV penetration rose from 1.3% in FY2023 to 2.3% in FY2024, supported by an increase in model options, lower costs, and reduced range anxiety.

The Indian EV passenger vehicle market is expected to reach 150,000 units by FY2025, with EV penetration projected at 2–4%. Major OEMs plan new launches to cater to mass and premium segments.

Belrise Industries Limited IPO – Type of Offer

Belrise Industries Limited is coming up with an IPO with a fresh issue of 23.89 crore shares worth INR 2,150 crores. The company aims to repay or prepay certain borrowings and fund general corporate purposes. 

Belrise Industries IPO Offer Size

The offer size of Belrise Industries Limited is INR 2,150 crores, consisting of a fresh issue of 23.89 crore shares. The company aims to repay or prepay certain borrowings and fund general corporate purposes. 

Belrise Industries Limited IPO Allotment Structure

Belrise Industries Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs 2 lakhs. 

How to apply for the Belrise Industries IPO?

To apply for the Belrise Industries Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Belrise Industries Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Belrise Industries Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Belrise Industries IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Belrise Industries Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Belrise Industries Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Belrise Industries Limited IPO:

● Registrar’s Website: Visit the website of Link Intime India Private Ltd, the registrar of the Belrise Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Belrise Industries Ltd IPO Offer Registrar

The registrar for the Belrise Industries Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Mufg Intime India Private Limited

(Formerly Link Intime India Private Limited) 

C-101, 1st Floor, 247 Park

L.B.S. Marg, Vikhroli (West)

Mumbai 400 083

Maharashtra, India

Tel: +91 810 811 4949

E-mail: [email protected]

Website: www.in.mpms.mufg.com

Belrise Industries IPO – FAQs