Belrise Industries Sets Price Band For Rs 2,150-Crore IPO
Belrise Industries Ltd. will launch its initial public offering on May 21 at a price band of Rs 85-90 per share.
The IPO, which will be open till May 23, will raise Rs 2,150 crore via fresh issue of shares, as per the red herring prospectus. The company intends to use net proceeds from the issue towards repayment of outstanding borrowings, and for general corporate purposes.
Notably, Belrise Industries filed the papers for its IPO with the capital markets regulator on Nov. 19, 2024. The company's promoters include 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 issue, whereas Link Intime India Pvt. is the registrar.
About Belrise Industries
Belrise Industries is an automotive component manufacturing company offering safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, commercial vehicles and more. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems, among others.
The company reported revenue 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.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
