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Belrise Industries IPO Accelerates: Strong Fundamentals, 16% GMP—Should You Get On Board?

Updated: May 21, 2025 11:12

Image Source: Finowings
Belrise Industries, a major automotive component manufacturer, launched its ₹2,150 crore IPO today, May 21, with a price band of ₹85–₹90 per share. The offering, open until May 23, is entirely a fresh issue of 23.89 crore shares, with proceeds earmarked for debt repayment and general corporate purposes. The minimum lot size is 166 shares, requiring an investment of around ₹14,110–₹14,940. Shares are set to list on BSE and NSE on May 28.
 
Key Highlights:
  • Grey Market Buzz: The IPO’s grey market premium (GMP) is hovering at ₹14–₹15, signaling a potential 16–17% listing gain over the upper price band. This strong GMP reflects robust demand and positive sentiment among investors.
  • Strong Business Profile: Belrise supplies critical safety and engineering components to top auto brands like Tata Motors, Bajaj, Honda, Hero, and JLR, serving 27 OEMs globally. Its diverse product range includes sheet metal, polymer, and suspension systems, catering to both conventional and electric vehicles.
  • Financial Performance: The company posted a revenue CAGR of 17.76% between FY22 and FY24, with FY24 revenue at ₹7,484 crore. While margins have seen some pressure, the company is focusing on boosting content per vehicle and expanding its international footprint.
  • Anchor Investor Confidence: Belrise raised ₹645 crore from marquee anchor investors, including global and domestic funds, ahead of the IPO.
  • Brokerage Verdict: Leading brokerages like ICICIDirect and Choice Broking have rated the IPO as “Subscribe,” citing healthy growth prospects, reasonable valuations (16x FY27E P/E), and strong return ratios.
Should You Subscribe?
With a solid industry position, strong growth trajectory, and attractive GMP, Belrise Industries IPO offers promising listing gains and long-term potential. Most analysts recommend subscribing, especially for investors seeking exposure to India’s booming auto component sector.
 
Source: Business Today, Republic World, India Today

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