Ahead of the IPO, Belrise Industries on Tuesday garnered ₹645 crore from anchor investor

The initial public offering of Belrise Industries saw an overwhelming response from institutional investors. The ₹2,150-crore IPO, entirely fresh issue, was subscribed 41.30 times. Against an offer size of about 17.71 crore shares, the IPO received bids for 731.30 crore shares.

The IPO hit the market with a price band of ₹85-90 per share. The quota for qualified institutional buyers was subscribed 108.35 times, while the portion for non-institutional investors, generally referred to as HNIs, was subscribed 38.33 times and the retail portion elicited bids for 4.27 times.

Ahead of the IPO, Belrise Industries on Tuesday garnered ₹645 crore from anchor investors.

The proceeds from the fresh issue, to the extent of ₹1,618.13 crore, will be used for repayment or prepayment, in full or in part, of certain borrowings availed by the company, and for general corporate purposes.

Belrise Industries Ltd (BIL) is an automotive component manufacturing company, offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. BIL’s products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both electric vehicles and internal combustion engine vehicles, thus positioning it favourably to adapt to the growing electric vehicle market.

Published on May 23, 2025