Belrise Industries Limited IPO Review
Neutral85-90 · Mainboard
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Analyst Verdict
Belrise Industries Limited IPO
Neutral
IPO at a Glance
Price Band
85-90
Issue Size
2150cr
Opens
2025-05-19
Closes
2025-05-21
Listing
2025-05-26
Category
Mainboard
Key Strengths
✓Among top 3 in India’s two-wheeler metal components segment with 24% market share
✓Strong backward and forward integration with in-house tool making, assembly, and painting
✓Proximity to OEMs with 17 plants across 9 states enables custom and agile supply
✓Broad client base with 29 OEMs, including Bajaj, Hero, Tata, and JLR
✓Products are EV and ICE agnostic, positioning well for industry transition
Key Risks
⚠7 of 17 plants are in Maharashtra, exposing it to regional risks
⚠Top 10 customers contribute ~64% of revenue, indicating high client concentration risk
⚠Dependent on a few key raw materials with price and supply volatility
⚠Competitive pricing pressure from OEMs may impact profit margins
⚠Regulatory compliance issues in multiple jurisdictions could lead to penalties or shutdowns
Frequently Asked Questions
Should I apply for Belrise Industries Limited IPO?
Based on our analysis, our rating for Belrise Industries Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Belrise Industries Limited IPO?
7 of 17 plants are in Maharashtra, exposing it to regional risks Top 10 customers contribute ~64% of revenue, indicating high client concentration risk Dependent on a few key raw materials with price and supply volatility
What are the strengths of Belrise Industries Limited IPO?
Among top 3 in India’s two-wheeler metal components segment with 24% market share Strong backward and forward integration with in-house tool making, assembly, and painting Proximity to OEMs with 17 plants across 9 states enables custom and agile supply
What is the price band of Belrise Industries Limited IPO?
The price band for Belrise Industries Limited IPO is 85-90. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more