Belrise Industries Ltd IPO

Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry.

Technology-enabled, innovation driven development and process engineering capabilities.

Vertically integrated manufacturing facilities offering a diverse range of products.

Longstanding customer relationships developed through years of collaboration and value addition.

Largely EV-agnostic product portfolio, strategically positioned to scale in tandem with burgeoning electric vehicle market in India.

Experienced promoters and management team.

Seven out of our 17 manufacturing facilities are located in the state of Maharashtra. This concentration poses potential for regional risk exposure, which may adversely affect our business, results of operations, financial condition and cash flows.

Revenue from our ten largest customers comprises a significant portion of our revenue from operations (63.82% for the nine months period ended December 31, 2024, 49.26% for the nine months period ended December 31, 2023, 50.77% for the Financial Year 2024, 57.93% for the Financial Year 2023 and 64.43% for the Financial Year 2022). Any failure to maintain our relationship with these customers or any adverse changes affecting their financial condition will have an adverse effect on our business, results of operations, financial condition and cash flows.

We have entered into, and may continue to enter into related party transactions. We cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on our business, results of operations, financial condition and cash flows.

If we are unable to maintain the existing levels of capacity utilization at our manufacturing facilities, our margins and profitability may be adversely affected. Further, a slowdown or shutdown in our manufacturing operations could have an adverse effect on our business, results of operations, financial condition and cash flows.

Our contractual arrangements with our OEM customers are generally requirement contracts, and any termination of such contracts or decline in the production requirements of any of our OEM customers, may adversely affect our business, results of operations, financial condition and cash flows.

Fluctuations in the prices and disruptions in the availability of raw materials may have an adverse effect on our business, results of operations, financial condition and cash flows.

Our manufacturing facilities are subject to periodic inspections and audits by regulatory authorities. We may be recipient of adverse observations from such visits which may damage our business and reputation leading to an adverse effect on our business, results of operations, financial condition and cash flows.

The discontinuance or non-availability of subsidies availed by us may adversely affect our business, results of operations, financial condition and cash flows.

Pricing pressure from customers may adversely affect our profitability, which may in turn have an adverse effect on our business, results of operations, financial condition and cash flows.

We derive a significant portion of our revenue from operations from the sale of automotive components for two-wheeler vehicles (64.56% for the nine months period ended December 31, 2024, 59.92% for the nine months period ended December 31, 2023, 63.30% for the Financial Year 2024, 65.48% for the Financial Year 2023 and 73.18% for the Financial Year 2022). Any decrease in demand for two-wheeler vehicles or any development that makes the sale of automotive components for the two-wheeler vehicle market less beneficial economically may adversely affect our business, results of operations, financial condition and cash flows.