Belrise Industries IPO Launches: Key Details, Subscription Status, and Expert Insights for Investors
Belrise Industries IPO Hits the Indian Market: Key Details and Insights
The initial public offering (IPO) of Belrise Industries Limited launched today, stirring significant interest among investors in the Indian primary market. As an established player in the automotive sector, Belrise aims to raise ₹2,150 crore through this public issue, which will remain open until May 23, 2025. The company has priced its shares between ₹85 and ₹90 each, marking an important milestone in its growth journey.
About Belrise Industries Limited
Belrise Industries, based in Pune, specializes in manufacturing auto components, and boasts a robust operational footprint with 15 plants across nine cities. This footprint enhances their proximity to major automotive manufacturers, enabling them to reduce supply chain friction effectively. With a forward-looking approach that aligns with the growing focus on electric vehicles (EVs), lightweight engineering, and sustainability, Belrise positions itself favorably to tap into future market segments.
Subscription Status on Day One
As of 5:30 PM on the first day of bidding, the Belrise Industries IPO was *approximately 0.67 times* subscribed. Here’s a breakdown of the subscription status:
- Retail Portion: 48% booked
- Non-Institutional Investors (NII): 1.44 times filled
- Qualified Institutional Buyers (QIB): 42% subscribed
Grey Market Premium and Listing Expectations
The excitement doesn’t stop at subscriptions. Current market observers indicate that shares of Belrise Industries are being traded in the grey market at a premium of ₹4 per equity share. This metric often signals investor sentiment and potential performance on listing day.
Key IPO Details
Below are crucial details regarding the Belrise Industries IPO:
| Detail | Description |
|---|---|
| IPO Price Band | ₹85 to ₹90 per share |
| Total Amount to be Raised | ₹2,150 crore (fresh issue) |
| Lot Size | 166 shares |
| Allotment Date | Expected on May 24, 2025 (may delay to May 26) |
| Listing Date | Expected on May 28, 2025 |
| Registrar | Link Intime India Pvt. Ltd. |
| Lead Managers | Axis Capital, HSBC, Jefferies India, SBI Capital Markets |
Expert Opinions: To Apply or Not?
Market analysts have weighed in on whether investors should consider subscribing to the Belrise Industries IPO. According to Anand Rathi, the company is valued at 26x its FY24 EPS, which seems fairly priced. He highlights the aspiration of Belrise to enhance its content per vehicle and its focus on EVs and commercial vehicles. He recommends a “Subscribe – Long Term” rating, suggesting that the IPO could be beneficial for patient investors.
Similarly, Gaurav Goel, Founder & Director at Fynocrat Technologies, endorsed the IPO, noting that Belrise has established a strong manufacturing base that positions it strategically in the automotive supply chain. He emphasized that the firm’s diverse product offerings and potential growth in the EV space make it a promising investment opportunity.
Other investment firms like Choice Broking, ICICI Direct, and Ventura Securities also advise a ‘subscribe’ rating for the IPO, reinforcing the positive sentiment surrounding Belrise Industries. However, potential investors are encouraged to conduct thorough research and consult with certified financial professionals before making any decisions.
Final Thoughts
As the Belrise Industries IPO begins its journey in the public market, it represents a pivotal opportunity for investors to engage with one of India’s growing automotive suppliers. With a solid growth strategy, an eye on sustainability, and backing from reputable financial analysts, the IPO is shaping up to be a significant event in the investing landscape. Keep an eye on the subscription status as we approach the close date on May 23, and anticipate an exciting listing on May 28.
Disclaimer: The views expressed in this article are based on expert opinions and are not recommendations from the publisher. Always consult a certified financial advisor before making investment decisions.
