Belrise Industries IPO – Day 1 Subscription at 0.18 Times

Categories: Markets

May 21, 2025

Belrise Industries’ initial public offering (IPO) has begun its subscription period with moderate interest on the first day. The ₹2,150.00 crore IPO has witnessed early demand, reaching 0.18 times by 11:59:38 AM on the opening day, showing initial investor interest in this automotive component manufacturing company that offers a diverse range of safety-critical systems for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.

Belrise Industries IPO non-institutional investors segment leads with 0.36 times subscription, while retail investors show participation at 0.21 times and qualified institutional buyers at an early 0.00 times, reflecting initial investor response to this company that services a total of 27 OEMs globally and has established 15 manufacturing facilities across nine cities in eight states, as of June 30, 2024.

Subscription Status of Belrise Industries IPO:

Date	QIB	NII	Retail	Total
Day 1 (May 21)	0.00	0.36	0.21	0.18

Here are the subscription details for Belrise Industries IPO as of Day 1 (May 20, 2025, 11:59:33 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Qualified Institutions	0.01	4,77,77,779	1,20,184	1.082
Non-Institutional Buyers	0.36	3,58,33,333	1,29,22,270	116.300
– bNII (bids above ₹10L)	0.36	2,38,88,889	85,00,030	76.500
– sNII (bids below ₹10L)	0.37	1,19,44,444	44,22,240	39.800
Retail Investors	0.21	8,36,11,111	1,77,06,722	159.360
Total	0.18	16,72,22,223	3,07,49,176	276.743

Key Highlights: Day 1

Overall subscription at 0.18 times, showing initial investor response on the first day
NII segment showing modest demand at 0.36 times, with smaller NIIs (below ₹10L) at 0.37 times
Retail investors showing early interest at 0.21 times
The QIB segment is yet to show significant participation at 0.00 times on the first day
Total applications reached 1,00,882 on the first day, indicating widespread investor awareness
The cumulative bid amount reached ₹276.743 crores
First day setting the baseline for potential increased subscription in the coming days
This being a large-sized IPO of ₹2,150 crores, initial subscription patterns typically build gradually

About Belrise Industries

Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems specifically for Two-Wheel, Three-Wheel, and Four-Wheel Passenger and Commercial vehicles. The company is an automotive component manufacturing company in India offering a diverse range of safety-critical systems. Belrise Industries is a manufacturing company in India that offers a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. The company’s product portfolio includes metal chassis systems, polymer components, suspension systems, and body-in-white components.

Financial performance shows solid growth with revenue increasing from ₹5,410.68 crores in FY2022 to ₹7,555.67 crores in FY2024, while profit after tax rose from ₹307.24 crores to ₹352.70 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹6,064.76 crores with PAT of ₹245.47 crores. The company maintains strong financial metrics with 14.83% ROCE and 13.33% RONW, while operating with a debt-to-equity ratio of 0.97.