Pune-headquartered auto components manufacturer Belrise Industries has successfully mobilized INR 645 crore from anchor investors, a day before launching its INR 2,150 crore IPO. The firm allotted 7,16,66,665 equity shares at the upper end of its price band (INR 90 per share) to a mix of leading foreign institutional investors (FIIs), domestic mutual funds (MFs), and insurance firms in a move widely seen as a positive signal for retail participants.
Robust Anchor Interest from Global and Domestic Institutions
Belrise Industries anchor book witnessed participation from 27 marquee institutional investors, with allocations favoring a diverse mix of asset managers, including global giants like BlackRock, Capital Group, and Prudential, as well as India’s top mutual funds including ICICI Prudential MF, HDFC MF, Nippon India MF, and Edelweiss.
Here’s a detailed breakdown of the Belrise Industries anchor investor allocation:
🧾 Belrise Industries Anchor Investors Allocation
| Investor Name | Shares Allocated | Allocation (%) | Investment (INR Cr) |
|---|---|---|---|
| BlackRock Emerging Frontiers Master Fund | 91,44,442 | 12.76% | 82.30 |
| Smallcap World Fund, Inc | 92,41,552 | 12.90% | 83.17 |
| ICICI Prudential Transportation and Logistics Fund | 36,87,690 | 5.15% | 33.19 |
| ICICI Prudential Multicap Fund | 55,53,862 | 7.75% | 49.98 |
| HDFC MF – Children’s Fund | 62,22,012 | 8.68% | 56.00 |
| HDFC MF – Business Cycle Fund | 18,29,984 | 2.55% | 16.47 |
| HDFC MF – Transportation and Logistics Fund | 11,89,556 | 1.66% | 10.71 |
| Nippon India Small Cap Fund | 92,41,552 | 12.90% | 83.17 |
| Prudential Assurance Company Ltd | 46,66,592 | 6.51% | 41.91 |
| PineBridge Global Funds – India Equity Fund | 46,66,592 | 6.51% | 41.99 |
| ValueQuest India GIFT Fund | 32,22,226 | 4.50% | 29.00 |
| ValueQuest India Inflexion Fund | 8,88,764 | 1.24% | 8.00 |
| Kotak Iconic Fund II | 5,55,602 | 0.78% | 5.00 |
| Bajaj Allianz Life Insurance Co. Ltd. | 19,44,358 | 2.71% | 17.50 |
| Bajaj Allianz General Insurance Co. Ltd. (1) | 7,77,876 | 1.09% | 7.00 |
| Bajaj Allianz General Insurance Co. Ltd. (2) | 3,33,328 | 0.47% | 3.00 |
| Edelweiss MF – Aggressive Hybrid Fund | 11,11,038 | 1.55% | 10.00 |
| Edelweiss MF – Recently Listed IPO Fund | 8,33,320 | 1.16% | 7.50 |
| BNP Paribas Funds – India Equity | 9,44,471 | 1.32% | 8.50 |
| Mahindra Manulife Consumption Fund | 5,49,958 | 0.77% | 4.95 |
| Mahindra Manulife Value Fund | 3,94,512 | 0.55% | 3.55 |
| TOCU Europe II S.a.r.l. | 5,55,602 | 0.78% | 5.00 |
| Bharti AXA Life Insurance Co. Ltd. | 5,56,030 | 0.78% | 5.00 |
| LC Pharos Multi Strategy Fund | 9,44,470 | 1.32% | 8.50 |
| Maybank Securities Pte Ltd – ODI | 9,44,470 | 1.32% | 8.50 |
| Sanshi Fund-I | 11,11,204 | 1.55% | 10.00 |
| Astorne Capital VCC – Arven | 5,55,602 | 0.78% | 5.00 |
Total Anchor Allocation: 7.17 crore shares | Total Raised: INR 645 crore
Mutual Funds Claim 42.72% of Anchor Book
Out of the 71.67 million shares allocated to anchors, 30.61 million shares—amounting to INR 275.5 crore—were picked up by five domestic mutual funds across 10 schemes, underscoring the significant interest from Indian institutional investors.
IPO Structure and Objectives
- IPO Dates: 21 – 23 May 2025
- Price Band: INR 85–90 per share
- Lot Size: 166 shares (INR 14,110 minimum)
- IPO Size: INR 2,150 crore (100% fresh issue)
- Post-Issue Valuation: Approx. INR 8,009 crore
The company will use INR 1,618.1 crore of the proceeds to repay debt, with remaining funds directed towards general corporate purposes. As of March 2025, Belrise had total borrowings of INR 2,904.5 crore.
Company Overview & Financial Snapshot
Belrise Industries, known for manufacturing metal chassis systems, polymer components, suspension systems, and exhaust systems, serves both domestic and global auto OEMs. It competes with listed peers such as Bharat Forge, Uno Minda, JBM Auto, and Motherson Sumi Wiring.
Final Take
Belrise Industries anchor book tells a compelling story of institutional confidence in India’s expanding automotive ecosystem. With a strong blend of global and domestic backers, a clean capital raise, and strategic debt reduction plans, Belrise enters the public market on firm footing—poised to ride the momentum of India’s manufacturing and mobility transformation.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are encouraged to consult their financial advisors before making investment decisions.