Belrise Industries IPO

LISTED
MAINBOARD

NSE • Lot Size: 166 • Mainboard

Issue90
Listed97.41+8%
Now174+93.3%
93.3%

*Last updated on 11 Jan 2026

Price Band

₹85 - ₹90

Lot Size

166

Issue Size

₹2150 Cr

GMP

N/A

Subscription

43.14x

Analyzing...

IPO Schedule

1

Open

21 May 2025

2

Close

23 May 2025

3

Allotment

-

4

Listing

28 May 2025

About Belrise Industries

Belrise Industries is an infrastructure development and construction company focused on undertaking large-scale projects across various sectors. They are involved in engineering, procurement, and construction (EPC) as well as project development.

Key Strengths

  • Experienced Management Team: A proven track record of successfully executing large infrastructure projects.
  • Established Market Position: Belrise has a well-established presence in the infrastructure development sector.
  • Strong Order Book: A healthy order book provides revenue visibility for the coming years.
  • Diversified Project Portfolio: Involvement in various sectors reduces dependence on a single industry.
  • Focus on Technological Advancement: Adoption of new technologies for efficient project execution.

Risk Factors

  • Dependence on Government Projects: A significant portion of revenue may be derived from government projects, exposing the company to policy changes and payment delays.
  • Competition: The infrastructure development sector is highly competitive.
  • Execution Risks: Delays in project execution, cost overruns, and regulatory hurdles can impact profitability.

Valuation Analysis

The IPO is priced at a P/E of 16.61, which appears reasonable compared to peers in the infrastructure sector, but investors should carefully consider the associated risks and growth potential.

IPO Details

ExchangeNSE
SegmentMAINBOARD
ISININE894V01022
NSE SymbolBELRISE
Face Value5
Lot Size166
Issue Size₹2150 Cr

Key Metrics

ROCE14.83%
P/E Ratio16.61
Industry P/E20
EPS5.42
PAT Margin4.36%
Debt/Equity0.97

Growth & Quality

ProfitableYes ✓

Subscription

Total0.71x
Imbalance Ratio101.0x

Documents

RHP not available

Key Dates

Open Date21 May 2025
Close Date23 May 2025
Listing28 May 2025