IPO Watch: Belrise Industries IPO Now Live; Here's What You MUST Know Before Applying For This Mainboard IPO

The hottest auto IPO of 2025, Belrise Industries IPO, opened for public subscription on May 21st and will remain open until May 23, 2025. With an issue size of Rs. 2,150 crore, this IPO is drawing massive attention from retail and institutional investors alike. The IPO is entirely a fresh issue of 23.89 crore equity shares. The company aims to raise funds for growth, debt repayment, and expansion into the electric vehicle (EV) segment.

Belrise IPO Details: Price Band, Lot Size, and Allotment Date

The Belrise IPO price band is set between Rs. 85 and Rs. 90 per share, with a minimum lot size of 166 shares, requiring an investment of Rs. 14,110 to Rs. 14,940 for retail investors. The Belrise IPO allotment date is expected on May 26th, and the expected listing date for this IPO is May 28th for listing on both stock exchanges.

Belrise Industries GMP Today

As per the latest grey market data from the Investorgain website, the Belrise IPO GMP stands at Rs. 13.75. Based on the upper price band of Rs. 90, the expected listing price is Rs. 103.75, implying a listing gain of approximately 15.28%. This premium signals strong demand in the unofficial market and suggests a positive sentiment toward the IPO.

Financial Performance and Valuation

"In FY24, the company posted a revenue of Rs. 7,484 crore, EBITDA of Rs. 925 crore, and PAT of Rs.323 crore. The P/E ratio at the upper band stands at 24.8x, and market capitalisation post-issue is estimated at Rs 8,008.9 crore. The market cap-to-sales ratio is 1.07x based on FY24 earnings." As noted in SBI Securities Research Report.

What Brokerages Say About Belrise Industries IPO?

SBI Securities has not given a rating but noted impressive growth with a 17.8% revenue CAGR and steady margins. It cited industry forecasts of 8% CAGR for 2W exports and domestic growth through FY30.

Ventura Securities has given a "Subscribe" rating, appreciating Belrise's automation with over 700 robots, IoT-enabled plants, and high focus on EV-agnostic and EV-specific components.

Anand Rati Securities also recommends a "Subscribe-Long Term" rating, stating that the IPO is fairly valued at 26x FY24 EPS and sees strong growth across EVs, 4Ws, and commercial vehicles.

All About Belrise Industries Ltd

Belrise Industries Limited is a major player in the Indian automotive component manufacturing sector, supplying critical safety systems and engineering products for 2-wheelers, 3-wheelers, 4-wheelers, commercial vehicles, and agri-vehicles. Its product range includes metal chassis systems, polymer parts, body-in-white components, exhaust systems, and suspension assemblies. A key strength is that its offerings are largely agnostic to vehicle powertrain types, enabling the company to serve both EVs and ICE vehicles.

Belrise is rapidly expanding into EV-specific components, with a new Pune-based plant for hub motors and chargers. The company holds five patents and has a strategic technology partnership with a Chinese firm.

As of FY24, Belrise commands a 24% market share in the 2W metal component segment, ranking among the top three players in India. The company also recently acquired a Delhi-based plastic moulding firm to enhance its capabilities and OEM partnerships.

Should You Subscribe to Belrise Industries IPO?

The Belrise IPO looks promising with strong fundamentals. Its consistent financial performance and the current high grey market premium make it a compelling investment for both short-term listing gains and long-term portfolio growth. Since brokerages have given positive reviews, this IPO could be a valuable addition to your investment strategy; however, proper research should be conducted before investing your money.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.