Belrise Industries IPO Allotment Status: Belrise Industries, a prominent player in the automotive components sector, recently concluded its Initial Public Offering (IPO), attracting significant investor interest. With the allotment process finalized, investors are keen to check their allotment status and understand the company’s financial standing and future prospects.
How to Check Belrise Industries IPO Allotment Status
Investors who applied for the Belrise Industries IPO between May 21 and May 23, 2025, can check their allotment status through the following methods:
1. Registrar’s Website (MUFG Intime India)
- Visit the MUFG Intime India website.
- Navigate to the ‘IPO Allotment Status’ section.
- Select ‘Belrise Industries IPO’ from the dropdown.
- Enter your PAN, application number, or DP/Client ID.
- Click ‘Search’ to view your allotment status.
2. BSE Website
- Go to the BSE India website.
- Click on ‘Equity’ under the ‘Status of Issue Application’ section.
- Select ‘Belrise Industries’ from the issue name dropdown.
- Enter your application number and PAN.
- Click ‘Search’ to check your allotment status.
Key IPO Dates
- IPO Open Date: May 21, 2025
- IPO Close Date: May 23, 2025
- Allotment Finalization: May 26, 2025
- Refund Initiation: May 27, 2025
- Shares Credited to Demat: May 28, 2025
- Listing Date: May 29, 2025
IPO Subscription Details
The Belrise Industries IPO witnessed robust demand across investor categories:
- Overall Subscription: 4.9 times
- Qualified Institutional Buyers (QIBs): 69% on Day 2
- Non-Institutional Investors (NIIs): 9 times on Day 2
- Retail Investors: 1.54 times on Day 2
The strong subscription figures indicate high investor confidence in the company’s growth prospects.
Grey Market Premium (GMP)
As of May 23, 2025, the Grey Market Premium (GMP) for Belrise Industries stood at ₹23, suggesting a positive listing sentiment among investors.
Company Overview
Established in 1988, Belrise Industries specializes in precision sheet metal pressing and fabrication, catering to the automotive sector. The company holds a 24% market share in the two-wheeler metal components segment in India. Its clientele includes major OEMs like Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India, Jaguar Land Rover, and Royal Enfield.
Financial Performance
- FY24 Revenue: ₹7,484.2 crore (13.7% YoY growth)
- FY24 Net Profit: ₹310.9 crore
- EBITDA Margin: 12.35%
- Q1 FY25 Profit: ₹71.6 crore on revenue of ₹1,781 crore
Despite a slight dip in net profit due to operating margin pressures, the company’s revenue growth reflects its strong market position.
IPO Objectives
The ₹2,150 crore IPO is entirely a fresh issue, with no offer-for-sale component. The proceeds are earmarked for:(The Week)
- Debt Reduction: ₹1,618 crore to repay existing borrowings.
- General Corporate Purposes: Enhancing operational capabilities and supporting growth initiatives.
As of September 30, 2024, the company’s total borrowings stood at ₹2,588 crore.
Strategic Developments
In April 2025, Belrise Industries acquired H-One India, a subsidiary of Japanese firm H-One Co., to bolster its manufacturing and design capabilities. This acquisition aims to enhance Belrise’s position as a key supplier of chassis systems and body-in-white parts in the Indian automotive market.
Conclusion
Belrise Industries’ successful IPO and strategic initiatives position the company for sustained growth in the automotive components sector. Investors can check their allotment status through the registrar’s or BSE’s website and anticipate the company’s listing on May 29, 2025.
