Belrise Industries, a Pune-based automotive components manufacturer, launched its Initial Public Offering (IPO) on May 21, 2025. The IPO aims to raise ₹2,150 crore through a fresh issue of 23.89 crore equity shares, with a price band set between ₹85 and ₹90 per share. Investors can bid in lots of 166 shares, requiring a minimum investment of ₹14,940 at the upper price band.
The grey market premium for Belrise Industries' IPO was approximately ₹14 per share on Day 1, indicating a potential listing gain of around 16%. This is a slight decrease from the previous day's GMP of ₹17.
Established in 1988 and formerly known as Badve Engineering, Belrise Industries specializes in manufacturing automotive sheet metal and casting parts, polymer components, suspension systems, and mirror systems for two-wheelers, three-wheelers, and four-wheelers. The company reported a net profit of ₹245.47 crore and revenue of ₹6,064.76 crore for the nine months ending December 31, 2024. Its market capitalization is approximately ₹8,010 crore.
Analysts have a generally positive outlook on Belrise Industries' IPO, citing the company's strong market share, attractive valuations, expansion plans, experienced management, and sound fundamentals. However, concerns have been raised about the company's heavy reliance on the Indian market, with limited exports.
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