Automotive part producer Belrise Industries Ltd.’s preliminary public providing is scheduled to open on Wednesday.
The worth band for the IPO has been set within the vary of Rs 85 to Rs 90 per share. Bids may be made for at least 69 shares, after which in multiples thereof.
The IPO, which can be open until Friday, will increase Rs 2,150 crore through a recent problem of shares, as per the purple herring prospectus. The corporate intends to make use of web proceeds from the difficulty in direction of compensation of excellent borrowings, and for common company functions.
Belrise Industries filed the papers for its IPO with the capital markets regulator on Nov. 19. The corporate’s promoters embody Shrikant Shankar Badve, Supriya Shrikant Badve and Sumesh Shrikant Badve.
Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., Jefferies India Pvt., and SBI Capital Markets Ltd. are the book-running lead managers for the difficulty, whereas Hyperlink Intime India Pvt. is the registrar.
The fairness shares are proposed to be listed on each the BSE and Nationwide Inventory Alternate.
IPO Particulars
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Situation opens: Could 21.
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Situation closes: Could 23.
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Situation value: Rs 85–90.
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Recent problem: Rs 2,150 crore.
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Lot dimension: Minimal 166 shares, after which in multiples thereof.
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Market worth at higher finish of value band: Rs 8,008 crore.
Enterprise
Belrise Industries is an automotive part producer providing a spread of safety-critical methods and engineering options for two-wheelers, three-wheelers, four-wheelers, industrial automobiles and agricultural automobiles.
Its product portfolio consists of steel chassis methods, polymer parts, suspension methods, body-in-white parts and exhaust methods. The corporate’s merchandise are largely agnostic to automobile powertrain varieties, enabling it to serve each electrical automobiles and inside combustion engine automobiles.
For the monetary yr 2024, the corporate reported income from operations of Rs 7,484.2 crore.
Use Of Proceeds
The corporate goals to utilise Rs 1,618.1 crore from the supply in direction of compensation of borrowings and the remaining in direction of common company functions.
Monetary Efficiency
The corporate reported a 0.9% rise in income at Rs 6,013.4 crore within the first 9 months of the monetary yr ended 2025, from Rs 5,957.9 crore in the identical interval of the earlier fiscal.
Internet revenue slipped 17% to Rs 245.5 crore. The corporate reported an Ebitda of Rs 745.4 crore in the identical interval. As of March 31, 2025, the corporate’s debt pile stood at Rs 255.8 crore.
Key Dangers
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Seven of Belrise Industries’ 17 manufacturing amenities are positioned in Maharashtra, creating potential regional danger publicity that would adversely affect its enterprise, outcomes of operations, monetary situation and money flows.
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Fluctuations in uncooked materials costs and disruptions of their availability might negatively have an effect on Belrise’s enterprise efficiency, monetary situation and money flows.
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The discontinuance or non-availability of subsidies, resembling these below the Maharashtra Industrial Promotion Subsidy Coverage 2013, Karnataka VAT Mortgage Subsidy, and Madhya Pradesh Industrial Promotion Subsidy 2014, might adversely have an effect on Belrise’s enterprise, outcomes of operations, monetary situation, and money flows.
GMP
The gray market premium of the Belrise Industries IPO is Rs 11 as of three:02 p.m., in accordance with InvestorGain. This means shares of the corporate will probably checklist at Rs 101 apiece, indicating a 12.22% premium to the higher finish of the value band.
It needs to be famous that GMP or gray market value is just not an official value quote for the inventory and is predicated on hypothesis.
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