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4 min read | Updated on May 26, 2025, 09:06 IST
SUMMARY
Belrise Industries' IPO closed on May 23 with a strong subscription of 43.1 times, driven by robust QIB demand. The ₹2,150 crore issue saw high interest across all investor categories. IPO allotment status will be finalised on May 26 and can be checked on the NSE, BSE, and MUFG Intime India websites.

Belrise Industries' IPO was oversubscribed over 43 times, led by the strong response from the QIB category.
Belrise Industries' IPO closed on Friday, May 23, with a whopping subscription of over 43 times. The public offer opened for subscription on May 21 to raise ₹2,150 crore from investors.
Belrise Industries' IPO started with a slow response on Day 1, as the issue was booked only 71%, but more bids poured in on the second and third day, with the issue closing the day with overall 43 times of subscriptions, led by the QIB category.
The mainboard issue received applications for over 721 crore shares against 16.7 crore shares on offer, leading to a subscription of 43.1 times as per the NSE data till 5 pm.
The Qualified Institutional Buyers’ category was booked 112.6 times with bids for 538 crore shares against 4.7 crore shares on offer. The Non-Institutional Investors’ (NIIs) segment received bids for more than 145 crore shares against 3.5 crore shares on offer, leading to a subscription of 40.5 times in the category. The retail portion of the IPO was overbought 4.5 times, with bids for 37 crore shares against 8.3 crore shares reserved for the category.
The investors who participated in the Belrise Industries IPO are now waiting for the company to finalise the IPO share allotment status. The company is scheduled to decide on May 26. IPO bidders can check the share allotment status on the websites of the NSE and BSE and the issue registrar MUFG Intime India.
Incorporated in 1996, Belrise Industries Limited is an Indian automotive component manufacturing company, specialising in the production of safety-critical systems and engineering solutions for a diverse range of vehicles.
The company offers a comprehensive range of 1,000+ distinct automotive products spanning multiple categories. Its core product lineup includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.
The company operates 17 manufacturing facilities strategically located across 10 cities in 9 Indian states, including 2 facilities recently acquired from H-One in March 2025. This extensive manufacturing network processes over 60,000 tonnes of steel annually, demonstrating the significant scale of the company's operations.
| (₹ crore) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 5,396 | 6,582 | 7,484 |
| Total Assets | 5,196 | 5,679 | 6,041 |
| Net Profit | 261.8 | 313.6 | 310.8 |
| EBITDA | 763.4 | 897.6 | 938.3 |
Belrise Industries plans to raise ₹2,150 crore. The money raised from the IPO will be used towards the following objectives:
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