The initial public offering (IPO) of Belrise Industries opened for subscription on Wednesday, May 21, 2025. The company aims to raise Rs 2,150 crore through this issue, which is completely a fresh offer of 23.89 crore equity shares. This is the second IPO to hit the market this week, with Borana Weaves being the first.

Belrise Industries IPO will remain open for bidding for three days and will close on Friday, May 23, 2025. The price band for the IPO has been fixed at Rs 85 to Rs 90 per share.

Retail investors can apply with a minimum lot of 166 shares. This means the minimum investment needed is Rs 14,110. However, investors are advised to bid at the cut-off price, which would increase the amount to around Rs 14,940. This is because the IPO is expected to see strong demand and may get oversubscribed.

For small non-institutional investors (sNII), the minimum application size is 14 lots or 2,324 shares, requiring an investment of Rs 2,09,160. For big non-institutional investors (bNII), the minimum application is 67 lots or 11,122 shares, requiring Rs 10,00,980.

Belrise Industries, formerly known as Badve Engineering, was established in 1988. The company is a key supplier of automotive components in India. It manufactures sheet metal parts, casting components, polymer products, suspension systems, and mirror assemblies. These parts are used in two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.

Belrise mainly produces safety-critical systems, which are essential for the proper working of vehicles. Its product range includes metal chassis systems, body-in-white components, polymer items, exhaust systems, and suspension units. These products are used by leading automobile makers in India. The company’s estimated market value, based on the IPO pricing, is around Rs 8,008.91 crore.

SHOULD YOU SUBSCRIBE?

According to Bajaj Broking Research, investors should consider subscribing to the IPO with a long-term view. The firm has pointed out the company’s strong presence in the auto components sector and its diverse product line as positive factors.

The grey market premium (GMP) for the Belrise Industries IPO stood at Rs 12 as of the morning of May 21. Based on this, the estimated listing price could be around Rs 102 per share, compared to the upper price band of Rs 90. This shows a likely gain of 13.33% on listing, if the premium holds.

The basis of allotment is likely to be finalised by Monday, May 26, 2025. Shares of Belrise Industries are expected to be listed on the BSE and NSE on Wednesday, May 28, 2025.

(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)