After Ather Energy, Belrise Industries IPO to hit D-Street next week; looks to raise ₹2,150 cr at price band of ₹85-90

Amid ongoing slowdown in the initial public offering (IPO) market, Belrise Industries, an auto component manufacturer, has unveiled plans to list its shares on the domestic bourses. The Maharashtra-based company, which recently announced the acquisition of H-One India from Japan-based publicly listed H-One Co., is set to hit Dalal Street on May 21, looking to raise ₹2,150 crore at price band of ₹85-90 per share. At this price band, the company's market capitalisation is pegged at around ₹8,009 crore.

This is going to be the second mainboard IPO of FY26, after Ather Energy, a leading electric scooter manufacturer,  raised ₹2,981 crore by publicly listing its shares on the domestic bourses early this month. So far this calendar year, 11 mainboard IPOs garnered a total of around ₹19,000 crore via IPO route, with the first ten listing in the first two months of CY25.  

Here’s all you need to know about Belrise Industries IPO:

The three-day IPO will open for subscription on May 21 and will close on May 23, while the allocation to anchor investors is set to take place on May 20. The shares of Belrise Industries are expected to be listed on BSE and NSE on May 28, following the allotment of shares on May 26.

Belrise Industries IPO is entirely a fresh issue of 23.89 crore shares, which will be offered at a price band of ₹85-90 per share. The lot size for the IPO is 166 shares and in multiple thereafter. The minimum application amount for retail investors is ₹14,110 for one lot.

As per the DRHP filed with the Sebi, the company has reserved 50% of the shares for qualified institutional buyers (QIB), up to 15% for non-institutional institutional investors (NII), and remaining 35% for retail investors.

Belrise intends to use the net proceeds from the issue towards for repayment of certain outstanding borrowings availed by the company. A part of the capital will be used for general corporate purposes.

About the company

Incorporated in 1996, Belrise is an automotive-component manufacturing company, offering 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 specialises in precision sheet metal pressing and fabrication and has a 24% market share in the overall two-wheeler metal components segment in India as of the financial year ended March 31, 2024, in terms of revenue. It operates 15 manufacturing facilities in India.

The company posted profit after tax of ₹310.88 crore for the fiscal 2024, while revenue from operations stood at ₹7,484.21 crore. For the nine months ended December 31, 2024, revenue from operations was at ₹6,013.43 crore and profit after tax stood at ₹245.47 crore.

Last month, Belrise announced the acquisition of H-One India from Japan-based publicly listed H-One Co. The deal aims to expand the company’s design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market. Through this acquisition, Belrise aims to enhance its production capacity and logistical efficiency by leveraging H-One India’s two manufacturing facilities in North India and integrating its core technological capabilities.

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