Belrise Industries Limited, formerly known as Badway Engineering, is one of India’s leading Tier-1 automotive and companies, specialized in the design, development and supply of automotive systems and components. Below are the details of the company and its recent IPO:
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Company Overview
Industry: Automotive Manufacturing
Expertise: Produces critical automotive components including polymer products, and metal assemblies for two-wheelers, three-wheelers, four-wheelers and agricultural machinery
Clientele: Supplies to major OEMs like Bajaj Auto, Yamaha, Honda, Mahindra & Mahindra, and Tata Motors, among others.
https://digitalinternational.in/
Operations: Operates 27 & facilities across India, with a strong presence in key automotive clusters. The company focuses on chassis, suspension systems, braking systems, exhaust systems and seating systems
Market Position: A leading player in India’s automotive supplies, known for its capabilities and customer relationships
IPO Details
Issue Period: May 21–23, 2025
Issue Size: ₹1,800 crore, comprising a fresh issue of ₹800 crore and an offer for sale (OFS) of ₹1,000 crore by promoter Supriya Badve.
Price Band: ₹85–₹90 per equity share
Lot Size: 166 shares (minimum investment of ₹14,110–₹14,940 for retail investors)
Subscription: The IPO was subscribed 41.30–43.14 times, receiving applications for over 7 crore equity shares against the 16.7 million offered
https://digitalinternational.in/
Retail: 4.22–4.27 times
Non-Institutional Investors (NII): 38.33 times
Qualified Institutional Buyers (QIB): 108.35 times
DIGI MARCH STORE PRINT ON DEMAND
Allotment Date: Finalized on May 26, 2025
Listing Date: Expected on May 28, 2025, on BSE and NSE
Grey Market Premium (GMP): As of May 26, 2025, the GMP was ₹28.5, indicating a potential listing price of ~₹118.5 (31.67% premium over ₹90).
Objectives: Funds from the fresh issue will be used for debt repayment (₹500 crore), capital expenditure, and general corporate purposes
Allotment Status
Allotment was finalized on May 26, 2025. Investors can check their status via
MUFG Intime India: https://linkintime.co.in/initial_offer/public-issues.html
BSE: https://www.bseindia.com/investors/appli_check.aspx
NSE: IPO allotment verification page
Use PAN Number, Application Number, or DP Client ID to verify.
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