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15 Days Price Change

Belrise Industri IPO

Closing In

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WEBSITE Inc. Year: 1996 Industry: Auto Ancillary Listed Page

Profile
Issue Size --
Profile
Price Range 85  to  90 per share
Profile
Min Investment ₹90
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Belrise Industries Limited, formerly known as Badve Engineering Limited, is a prominent Indian manufacturer specializing in automotive components and systems. Established in 1988 and headquartered in Pune, Maharashtra, the company has evolved into a key supplier for the automotive and white goods sectors. With a turnover of ₹7,484.2 crore, Belrise boasts a diversified product portfolio that includes automotive sheet metal and casting parts, polymer components, suspension and mirror systems, catering to two-wheelers, three-wheelers, and four-wheeler passenger and commercial vehicles. The company has also ventured into the e-mobility space, delivering components and subsystems to support the growing electric vehicle market. Belrise operates multiple manufacturing facilities across India, emphasizing agile and robust manufacturing processes to ensure customer success. Their core business areas encompass metal processing, polymer processing, surface treatment, mirror systems, suspension systems, and foundry operations. Belrise Industries is committed to sustainability, innovation, and excellence, aligning with initiatives like 'Make in India' and 'Magnetic Maharashtra'. The company's leadership, under Mr. Shrikant Badve, plays an active role in promoting industrial development in the region. With a workforce exceeding 10,000 employees, Belrise continues to expand its capabilities and global footprint in the automotive manufacturing sector. Read More

Basic Info

Face Value 5 per share

Price 85  to  90 per share

P/E (x) 16.4

Sales( Cr.) 8291

PAT( Cr.) 355

EPS 5.5

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Shrikant Shankar Badve Supriya Shrikant Badve Sumedh Shrikant Badve

Pre Issue Share Holding 57.68%

Post Issue Share Holding --%

Listing Details:

Listing Price: 98.5

Listing Gain: 8.63%

Current Price: 216.5

Gain On Issue: 216.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 21, 2025
Closing Date May 23, 2025
Allotment May 26, 2025
Refund May 27, 2025
Delivery of Shares May 27, 2025
Listing Date May 28, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 166 14,940
Retail (Max) 13 2158 194,220
S-HNI (Min) 14 2324 209,160
S-HNI (Max) 66 10956 986,040
B-HNI (Min) 67 11122 1,000,980

Objective of the Issue

1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 119444444 13453027728 112.6x
NII 35833333 1454116653 40.6x
Retail 83611111 377922222 4.5x
EMP 0 0 0x
Total 238888888 10305666628 43.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Belrise Industri Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2190 2410 2892 3494 4082 4299 5397 6582 7484 8291
Other Income 6 42 136 103 31 19 14 38 71 62
Total Income 2196 2451 3028 3598 4112 4318 5411 6621 7556 8352
Total Expenditure 1911 2102 2557 3092 3533 3714 4642 5707 6556 7270
Operating Profit 285 350 472 506 580 604 769 914 1000 1083
Interest 79 110 111 146 163 197 216 250 290 307
Depreciation 58 76 120 138 178 206 246 307 321 330
Exceptional Income / Expenses 0 -1 -0 -0 0 -0 0 0 -12 0
Profit Before Tax 148 162 240 221 239 201 307 357 376 446
Provision for Tax 51 43 36 46 4 20 45 43 62 90
Profit After Tax 96 119 204 175 235 181 262 314 314 355
Adjustments -5 0 0 0 0 0 0 0 0 0
Profit After Adjustments 92 119 204 175 235 181 262 314 314 355
Adjusted Earnings Per Share 1.4 1.9 3.2 2.8 3.6 2.8 4 4.8 4.8 5.5

Belrise Industri Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 481 604 790 967 1264 1451 1736 2045 2340 2697
Minority's Interest 0 0 0 0 0 0 0 0 0 16
Borrowings 783 896 1139 1361 1487 1569 1610 1245 1422 1649
Other Non-Current Liabilities 106 50 52 71 153 173 173 187 200 109
Total Current Liabilities 436 565 688 973 1079 1453 1713 2244 2116 2832
Total Liabilities 1805 2115 2668 3372 3983 4645 5231 5721 6078 7303
Fixed Assets 906 1034 1342 1638 1840 2026 2460 2429 2460 2900
Other Non-Current Assets 331 399 381 436 548 512 468 309 426 631
Total Current Assets 569 683 945 1298 1596 2107 2303 2983 3192 3761
Total Assets 1805 2115 2668 3372 3983 4645 5231 5721 6078 7303

Belrise Industri Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 6 10 13 72 58 71 40 106 186
Cash Flow from Operating Activities 130 121 106 208 298 159 474 789 582 704
Cash Flow from Investing Activities -283 -319 -339 -420 -416 -349 -543 -194 -362 -981
Cash Flow from Financing Activities 147 201 237 271 126 203 39 -530 -141 169
Net Cash Inflow / Outflow -7 4 3 59 8 13 -30 66 79 -108
Closing Cash & Cash Equivalent 6 10 13 72 79 71 40 106 186 77

Belrise Industri Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.44 1.88 3.22 2.76 3.61 2.79 4.02 4.82 4.82 5.46
CEPS(Rs) 2.44 3.08 5.11 4.93 6.34 5.95 7.8 9.53 9.76 10.53
DPS(Rs) 0 0 0 0 0 0 0 0.03 0.55 0.55
Book NAV/Share(Rs) 7.59 9.49 12.44 15.24 19.42 22.29 26.66 31.41 35.95 41.25
Core EBITDA Margin(%) 10.58 11.54 11.3 11.52 13.45 13.61 13.99 13.3 12.41 12.32
EBIT Margin(%) 8.61 10.19 11.83 10.51 9.86 9.26 9.69 9.22 8.9 9.08
Pre Tax Margin(%) 5.61 6.08 8.09 6.32 5.86 4.68 5.69 5.42 5.02 5.37
PAT Margin (%) 3.66 4.46 6.88 5.01 5.76 4.22 4.85 4.77 4.19 4.29
Cash Profit Margin (%) 5.86 7.32 10.94 8.96 10.11 9.01 9.4 9.43 8.49 8.26
ROA(%) 5.34 6.07 8.54 5.79 6.4 4.21 5.3 5.73 5.32 5.31
ROE(%) 20.06 22 29.37 19.91 21.09 13.37 16.44 16.6 14.31 14.15
ROCE(%) 15.56 16.46 16.89 14.37 13.31 11.32 12.86 14.04 14.65 14.53
Receivable days 43.66 43.79 44.77 51.65 55.24 62.55 59.45 61.36 61.15 62.05
Inventory Days 19.59 20.59 22.19 24.28 26.88 33.72 31.06 28.14 28.52 30.5
Payable days 26.13 20.62 24.41 38.11 47.88 51.23 44.17 51.62 52.29 50.92
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.45 0.52 0.53 0.51 0.47 0.53 0.47 0.33 0.34 0.37
EV/Core EBITDA(x) 3.48 3.59 3.23 3.54 3.3 3.76 3.31 2.35 2.52 2.84
Net Sales Growth(%) 0 10.04 20.02 20.82 16.81 5.32 25.54 21.97 13.7 10.78
EBIT Growth(%) 0 19.91 28.9 4.68 9.54 -1.04 31.32 16.09 9.75 13.03
PAT Growth(%) 0 23.36 71.62 -14.34 34.47 -22.84 44.28 19.79 0.05 13.27
EPS Growth(%) 0 30.02 71.28 -14.34 31.11 -22.84 44.29 19.79 0.05 13.27
Debt/Equity(x) 2.04 2.07 1.92 1.9 1.56 1.62 1.5 1.11 1.04 1.08
Current Ratio(x) 1.31 1.21 1.37 1.33 1.48 1.45 1.34 1.33 1.51 1.33
Quick Ratio(x) 0.98 0.93 1.08 1.06 1.17 1.14 1.08 1.08 1.22 1.06
Interest Cover(x) 2.87 2.48 3.16 2.51 2.46 2.02 2.42 2.42 2.3 2.45
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 15% 15% 0%
Operating Profit CAGR 8% 12% 13% 0%
PAT CAGR 13% 11% 9% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 128% NA% NA% NA%
ROE Average 14% 15% 15% 19%
ROCE Average 15% 14% 13% 14%

Company Contact Information

Belrise Industries Ltd.

Plot No D-39 Midc Area Waluj

IPO Lead Manager(s)

Belrise Industries Ltd.

Axis Capital Ltd.

HSBC Securities & Capital Markets (India) Pvt Ltd

Jefferies India Pvt Ltd.

SBI Capital Markets Ltd

Registrar Info

Belrise Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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