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The initial public offering (IPO) of Belrise Industries continued to see strong interest from investors on Friday, May 23, the third and final day of public bidding. The ₹2,150-crore IPO of the company was subscribed nearly 6 times within the three days.





The non-institutional investors (NII) overtook retail investors by booking their reserved portion by a whopping 20.23 times. The retail category was subscribed 2.40 times, and the portion reserved for Qualified Institutional Buyers (QIBs) was booked 1.20 times.





The IPO received bids for 104.12 crore shares, as against its offer size of 17.70 crore shares, according to data available on the exchanges.


Belrise Industries IPO GMP


In the grey market, shares of Belrise Industries are commanding a premium of ₹23 on Friday. Most investors track the grey market premium (GMP) to get an idea of the listing price.





The public offer of Belrise Industries comprises of entirely fresh issue of 23.89 crore equity shares, with no offer-for-sale component.





The shares are priced between ₹85 and ₹90 each, with applications to be made in lots of 166 shares.





The main objective of the IPO is to reduce debt burden. The company will utilise ₹1,618.1 crore out of net IPO proceeds for repayment of debt, and the remainder for general corporate purposes.


Company overview


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





The company's customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.





On the financial front, Belrise Industries' profit for nine months period ended December last year declined 17.5% to ₹245.5 crore as against the year-ago period. Revenue during the same period rose 0.9% to ₹6,013.4 crore.





Axis Capital, HSBC Securities & Capital Markets, Jefferies India, SBI Capital Markets are the book running lead managers of the Belrise Industries IPO, while Link Intime India is the registrar.





The allotment for the Belrise Industries IPO is expected to be finalised on May 26, 2025. Belrise Industries IPO will be listing on BSE, NSE with a tentative listing date fixed as May 28, 2025.