Auto component manufacturer Belrise Industries’ is raising ₹2150 crore through its initial public offer, which will open for subscription on May 21, with the price band set in the range ₹85-90 per share.

The anchor book will open for bids on May 20.

This is the second IPO of FY26, after Aether Energy and also belongs to the automotive sector.

Of the total proceeds ₹1,618 crore will be utilised to repay debt and the remaining for general corporate purposes.

The Pune headquartered company deals in engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. The company will also be opening three new facilities in Chennai, Pune and Guwahati, which will focus on developing component making for electric vehicles and hub motors.

“The Pune facility will be for hub motors. The hub motor market forms a large part of the electric vehicle powertrain. The electric vehicle powertrain consists of a motor controller, a motor control unit and a battery management system. We are planning to build new opportunities in the 4-wheeler and commercial space through domestic penetration and exports,” said Swastid Badve, chief of staff- MD office of Belrise Industries.

The company’s customers include Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors.

Export

The company is also aiming to expand its exports and grow its international presence.

“Given the current situation with US tariffs that are panning up. The people who had exported to the USA in the past have come under the tariff. However, at the same time, it is an opportunity to export to the rest of the world. We want to capitalise on it. We are looking to manufacture in different parts of the world. We export to Europe, the UK, Slovakia and other neighbouring countries in Central Europe,” added Swastid Badve.

Published on May 16, 2025