31 Mar 2022
Assets5,196.07
Total Income5,410.68
Profit After Tax307.24
NET Worth1,734.45
Reserves and Surplus1,715.31
Total Borrowing2,597.96
At a glance
Updated 2026-09-12The shares listed at ₹100.00, a 11.11% move from the issue price. Belrise Industries is a Mainboard IPO with an issue size of ₹2,150.00 crore, proposed for listing on BSE, NSE. The offer opens on 21st May 2025 and closes on 23rd May 2025. The issue structure includes a fresh issue of ₹2,150.00 crore. The current listing schedule points to 28th May 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹2,150.00 Cr
Fresh issue₹2,150.00 Cr
Face value₹5
Price band₹85.00–₹90.00
Allotment26th May 2025
Listing28th May 2025
Listing performance
Full performance ↗Issue price₹90.00
Listing price₹100.00
Current price—
Listing gain11.11%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹21.00
GMP / upper price23.33%
Est. listing₹111.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens21st May 2025
Closes23rd May 2025
Allotment26th May 2025
Refund27th May 2025
Demat27th May 2025
Listing28th May 2025
Subscription demand
Full bidding ↗Total43.14×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 166 | ₹14,940 |
Company
Incorporated1988
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹1,618.13 Cr |
| General Corporate Purposes | ₹410.49 Cr |
| Issue Expenses | ₹121.39 Cr |
| Total | ₹2,150.00 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue6,064.76₹ Cr · -19.7% vs prior year
PAT245.47₹ Cr · -30.4% vs prior year
Assets6,587.69₹ Cr · +9.0% vs prior year
Net Worth2,577.55₹ Cr · +10.5% vs prior year
Borrowing2,599.80₹ Cr · +6.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets5,679.15
Total Income6,620.78
Profit After Tax356.70
NET Worth2,038.20
Reserves and Surplus2,024.16
Total Borrowing2,271.40
31 Mar 2024
Assets6,041.65
Total Income7,555.67
Profit After Tax352.70
NET Worth2,331.92
Reserves and Surplus2,014.43
Total Borrowing2,440.98
31 Dec 2024
Assets6,587.69
Total Income6,064.76
Profit After Tax245.47
NET Worth2,577.55
Reserves and Surplus2,252.24
Total Borrowing2,599.80
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 14.83% |
| Debt / Equity | 0.97% |
| RoNW | 13.33% |
| PAT Margin | 4.36% |
| Price to Book Value | 2.5 |
Valuation & shareholding
Pre-IPO EPS5.42
Post-IPO EPS3.68
Pre-IPO P/E16.61
Post-IPO P/E24.47
Promoter holding pre99.81%
Promoter holding post73.01%
Market cap₹8008.91 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Belrise Industries IPO | — | 24.47 x | — | — |
| Studds Accessories IPO | — | 28.43 x | — | — |
| Carraro India IPO | — | 40.24 x | — | — |
| Varroc Engineering IPO | — | 30.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹1,618.13 Cr |
| General Corporate Purposes | ₹410.49 Cr |
| Issue Expenses | ₹121.39 Cr |
| Total | ₹2,150.00 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- SBI Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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