The Belrise Industries IPO is just around the corner, and it’s already catching the attention of investors and market watchers alike.
If you follow India’s booming auto ecosystem, you’ll know that Belrise isn’t just another name in the mix–it’s a well-established force in the automotive components space.
Formerly known as Badve Engineering, the company has been a key supplier to major OEMs like Tata Motors, Bajaj Auto, Honda, Hero, and Jaguar Land Rover. With a wide-ranging portfolio that includes chassis systems, suspension components, and safety-critical assemblies, Belrise has built a strong foundation across both domestic and global markets.
Now, through this IPO, the company plans to raise ₹2,150 crore; primarily to reduce debt and fund its next growth chapter.
The Belrise Industries Limited IPO is more than a fundraising exercise; it’s a signal that the company is ready to scale bigger, move faster, and compete more aggressively in a rapidly evolving auto-tech world.
Let’s dive right in!
Belrise Industries IPO Key Details
Have a sneak-peak into the details of the IPO:
| Attribute | Details |
| Belrise Industries IPO Opening Date | To be announced |
| Belrise Industries IPO Closing Date | To be announced |
| Issue Size | ₹2,150 crore (entirely fresh issue) |
| Face Value | ₹5 per equity share |
| Price Band | To be announced |
| Lot Size | To be announced |
| Listing | BSE and NSE |
| Lead Managers | Axis Capital LimitedHSBC Securities & Capital Markets Pvt LtdJefferies India Private LimitedSBI Capital Markets Limited |
| Registrar | Link Intime India Private Ltd |
| Utilization of Proceeds | Repayment/pre-payment of certain borrowingsGeneral corporate purposes |
Data available is as of 13.05.25.
Belrise Industries GMP (Grey Market Premium) Update
As of May 14, 2025, the Grey Market Premium (GMP) for the Belrise Industries IPO has not been established. This is primarily because the company has yet to announce its IPO price band and opening dates.
The GMP is a reflection of investor sentiment and demand for an IPO before it officially lists on the stock exchanges. It’s important to note that GMP figures are speculative and can be highly volatile. They should not be the sole basis for investment decisions.
We will continue to monitor the situation and provide updates as soon as more information becomes available. Stay tuned for the latest developments on the Belrise Industries IPO.
About Belrise Industries
With a legacy dating back to 1996, Belrise Industries is more than just a parts maker; it’s a key systems supplier across metal, polymer, and safety-critical assemblies.
The company serves:
- Two-wheelers, three-wheelers, and passenger vehicles
- Commercial and agricultural vehicles
- EV and hybrid segments in transition
What sets it apart is diversification: both in product lines and client base; a strategic edge in a cyclical industry.
Belrise Industries Limited Financial Performance
Here’s the data about the company’s overall financial performance in given time:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,110.19 | 6,041.65 | 5,679.15 | 5,196.07 |
| Revenue | 1,791.97 | 7,555.67 | 6,620.78 | 5,410.68 |
| Profit After Tax | 512.59 | 352.7 | 356.7 | 307.24 |
| Net Worth | 2,402.98 | 2,331.92 | 2,038.20 | 1,734.45 |
| Reserves and Surplus | 2,085.48 | 2,014.43 | 2,024.16 | 1,715.31 |
| Total Borrowing | 2,463.58 | 2,440.98 | 2,271.40 | 2,597.96 |
| Amount in ₹ Crore | ||||
- The company has demonstrated consistent revenue growth, with a 14.1% increase from FY 2023 to FY 2024.
- The slight dip in profit is attributed to increased investments in capacity expansion and technology upgrades.
Key Performance Indicator (KPI)
| KPI | Values |
| ROCE | 14.83% |
| Debt/Equity | 0.97 |
| RoNW | 13.33% |
| PAT Margin | 4.36 |
Strategic Developments of Belrise
In April 2025, Belrise Industries announced the acquisition of the Indian arm of Japanese firm H-One Co.
This strategic move aims to enhance Belrise’s design and manufacturing capabilities, particularly in the production of high-tensile steel components and body-in-white parts.
The acquisition is expected to strengthen Belrise’s position as a key supplier in the Indian automotive market.
Strategic Moves & Growth Drivers
Belrise is making bold moves to position itself as a future-ready auto-tech player:
- Acquisition of H-One India (April 2025): Strengthens capabilities in high-tensile steel and body-in-white structures.
- EV-Ready Manufacturing: Focus on components for electric and hybrid vehicles.
- Global Expansion: Tapping export markets for premium and EV segments.
- Debt Reduction Post IPO: Improves balance sheet strength and lowers interest burden.
Belrise IPO: Should You Invest?
Here’s what stands out for potential investors:
Pros
- Strong OEM partnerships with domestic and global players
- Product diversification across ICE and EV components
- Robust manufacturing footprint and proven scalability
Considerations
- Profit margin pressure due to expansion costs
- IPO price band and valuation yet to be disclosed
Belrise is a pick for investors looking to tap into India’s auto manufacturing story, especially as EV adoption and tech-driven manufacturing continue to grow.
Final Thoughts
Belrise Industries is stepping onto the IPO stage with a bold vision and a strategic playbook that’s hard to ignore. The company isn’t just raising funds — it’s gearing up for the next phase of its journey, marked by debt reduction, strategic acquisitions, and a laser focus on EV and hybrid components.
With established partnerships across the automotive spectrum and a proven track record of scaling operations, Belrise is positioning itself as a key player in India’s evolving auto-tech landscape.
But as with any IPO, the road ahead will have its bumps — profit margins could face pressure from expansion costs, and investor sentiment will hinge on how the market reacts to the IPO pricing.
Will Belrise emerge as a compelling growth story or a cautionary tale? Only time will tell.
Stay curious, stay analytical, and keep a close watch as this automotive powerhouse makes its market debut.
FAQs
What is the IPO listing price?
As of May 14, 2025, the listing price for the Belrise Industries IPO has not been announced. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI, but the specific price band and listing price are yet to be disclosed.
Who owns Belrise Industries?
Belrise Industries Limited, formerly known as Badve Engineering, is promoted by:
- Shrikant Shankar Badve
- Supriya Shrikant Badve
- Sumedh Shrikant Badve
Mr. Shrikant Badve serves as the Managing Director of the company.
What is the IPO listing date?
The exact listing date for the Belrise Industries IPO has not been announced as of May 14, 2025. The company has filed its DRHP with SEBI, and the listing date will be determined after regulatory approvals and finalization of the IPO schedule.
What is the price of Belrise Industries IPO?
The price band for the Belrise Industries IPO has not been disclosed yet. The company plans to raise approximately ₹2,150 crore through a fresh issue of equity shares. The specific price per share will be announced in the Red Herring Prospectus (RHP) closer to the IPO opening date.
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