Auto parts maker Belrise Industries likely to launch Rs 2,150-crore IPO between May 21 and May 23

Auto parts maker Belrise Industries likely to launch Rs 2,150-crore IPO between May 21 and May 23

Pune-based auto-component manufacturer Belrise Industries Ltd plans to launch its Rs 2,150-crore IPO between May 21 and May 23, with the anchor portion reserved for May 20, sources in the know told Moneycontrol.

The IPO consists solely of a fresh issue by the company and the proceeds will be used for debt reduction and general corporate purposes. The deal will be the second main board IPO for FY26 after Ather Energy, which made its market debut on May 6.

Moneycontrol has sent an email to Belrise Industries and could not elicit an immediate response.

Axis Capital, Jefferies, HSBC Securities and SBI Capital Markets are the merchant banks working on the issue, according to the firm's draft red herring prospectus.

Belrise Industries Ltd offers a range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems, among others.

The company has relationships with several multinational OEMs such as Bajaj Auto Limited, Honda Motorcycle & Scooter India Private Limited, Hero MotoCorp , Jaguar Land Rover and Royal Enfield Motors .

The firm's revenue from operations for the fiscal 2024 stood at Rs 7,484.21 crore and profit after tax stood at Rs 310.88 crore. For the nine months ended December 31, 2024, revenue from operations stood at Rs 6013.43 crore and profit after tax stood at Rs 245.47 crore.

There is an MNC IPO brewing in the same sector. On April 2, 2025, Moneycontrol reported that private equity firm Apollo Global Management had shortlisted advisors for the IPO of the India arm of its portfolio firm, US-based auto component maker Tenneco Inc. The firm is looking to raise around $400 million at a targeted valuation of $2 billion to $2.5 billion, the report added.