Belrise Industries IPO: Files DRHP to SEBI for Upcoming IPO

Belrise Industries Limited has filed its DRHP with SEBI to prepare for its upcoming public issue. This upcoming IPO is offering entirely a fresh issue of equity shares worth up to Rs 2,150 crores; the face value mentioned by the company in the DRHP is Rs 5 per share.

The total aggregate size of a public issue in rupees is up to Rs 2,150 crore, whereas the total no. of equity shares that will be issued by the company is not yet disclosed.

This IPO will follow the book-building process, with not more than 50% of the offer reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for retail investors is reserved.

Belrise Industries IPO open date and close date have not yet declared. The price band & lot size will be revealed soon by the company. The Shares to be offered through the Red Herring Prospectus are proposed by the company to be listed on the NSE and BSE.

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About Belrise Industries Limited

Belrise Industries Limited, incorporated on September 25, 1996, is a prominent player in the Indian automotive sector, specializing in manufacturing components for two-wheeler, three-wheeler, and four-wheeler vehicles.

With its headquarters in Aurangabad, Maharashtra, the company has grown significantly over the years, boasting an authorized share capital of INR 450 crore and a paid-up capital of INR 325.50 crore. Belrise operates over 15 manufacturing facilities across India and employs more than 15,000 people.

The company is dedicated to innovation and quality, serving major OEMs both domestically and internationally. Belrise Industries is known for its varied product range, including metal processing and polymer components, and is a leader in the automotive component industry.

Belrise Industries IPO Objectives

The company proposes to utilize the funding received from the fresh issue for several purposes, including repayment or prepayment, in full or part, of certain outstanding borrowings amounting to Rs 1618.08 crore and further toward general corporate purposes.

Belrise Industries Limited Financials Performance

Belrise Industries financials show static performance for the FY ended 2024, compared to FY 2023:

1. Assets increased from Rs 5,679.15 crores in March 2023 to Rs 6,041.65 crores in March 2024, a 6.38% increase.
2. Revenue increased from Rs 6,582.50 crores to Rs 7,484.24 crores, a 13.70% increase.
3. Profit After Tax (PAT) fell from Rs 313.66 crores to Rs 310.88 crores, -0.89% decrease.
4. Total Borrowing increased from Rs 2,271.40 crores to Rs 2,440.98 crores, a 7.47% increase.

Lead manager(s) and Registrar of Belrise Industries IPO

The IPO is managed by Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

Promoters of Belrise Industries Limited

Shrikant Shankar Badve, Supriya Shrikant Badve And Sumedh Shrikant Badve are identifiable promoter(s). They collectively hold 99.81% of the company's shares. However, post-IPO changes in their shareholding have not yet been disclosed in the Prospectus filed by the company with SEBI. To read the full DRHP, click here.

Also Read:

• What is DRHP?
• What is IPO GMP?
• What is IPO?