Belrise Industries Ltd. will launch its preliminary public providing on Might 21 at a value band of Rs 85-90 per share.
The IPO, which will probably be open until Might 23, will elevate Rs 2,150 crore through recent challenge of shares, as per the crimson herring prospectus. The corporate intends to make use of web proceeds from the problem in direction of reimbursement of excellent borrowings, and for basic company functions.
Notably, Belrise Industries filed the papers for its IPO with the capital markets regulator on Nov. 22, 2024. The corporate’s promoters embody Shrikant Shankar Badve, Supriya Shrikant Badve, and Sumesh Shrikant Badve.
Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., Jefferies India Pvt., and SBI Capital Markets Ltd. are the book-running lead managers for the problem, whereas Hyperlink Intime India Pvt. is the registrar.
About Belrise Industries
Belrise Industries is an automotive part manufacturing firm providing safety-critical techniques and different engineering options for two-wheelers, three-wheelers, business automobiles and extra. Their product portfolio consists of steel chassis techniques, polymer elements, suspension techniques, body-in-white elements and exhaust techniques, amongst others.
The corporate reported income from operations of Rs 7,484.2 crore for fiscal 2024. Belrise’s debt pile stands at Rs 2,167.2 crore as of Sept. 30, 2024.
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