28 Apr 2026
Deal: Trilegal advised the underwriters on Belrise Industries’ IPO of INR 21,500 million
28 May 2025
28 May 2025
Trilegal advised on the initial public offering of equity shares (“IPO”) by Belrise Industries Limited (“Belrise Industries”) comprising a fresh issue of equity shares aggregating to INR 21,500 million.
Belrise Industries is an automotive component manufacturing company offering a diverse range of safety critical systems and other engineering solutions. It specializes in precision sheet metal pressing and fabrication and has a diversified customer base globally, including Bajaj Auto, Jaguar Land Rover and Tata Motors. The IPO was oversubscribed 41 times and the equity shares saw ~11% listing premium.
The IPO proceeds will be used for repayment and/or prepayment of debt and general corporate purposes.
Trilegal advised a syndicate of book running lead managers, which comprised Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited.
The Trilegal Capital Markets Team advising on the matter was led by Partners: Richa Choudhary and Murtaza Zoomkawala; and comprised Senior Associates: Ritika Khare and Shivayana Balodia; and Associates: Rainika Malhotra, Anushri Maskara, Siddhant Mishra, and Ritvik Mishra.
Media link:
Detailed coverage of Belrise Industries IPO and Grey Market Premium
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
