The IPO of Belrise Industries, a company that manufactures components for diesel-petrol and electric vehicles, i.e. Initial Public Offering, is opening on 21 May. Investors will be able to bid for this issue till 23 May. On May 28, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Through this issue, the company wants to raise a total of Rs 2,150 crore. For this, the company will issue about 23.89 crore fresh shares. The existing investors or promoters of the company will not sell a single share through Offer for Sale i.e. OFS.
If you are also thinking of investing money in this IPO, then we are sharing all the details related to it with you… How much minimum and maximum money can you invest? Belrise Industries has fixed the price band of the IPO from ? 85 to ? 90. Retail investors can bid for a minimum of one lot, which will contain 166 shares. If you apply for 1 lot as per the IPO’s upper price band of Rs 90, then you will have to invest Rs 14,940 for it. At the same time, retail investors can apply for a maximum of 13 lots or 2158 shares. For this, investors will have to invest Rs 1,94,220 as per the upper price band. 35% of the issue reserved for retail investors The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). The company manufactures components for two-wheelers and EVs. Formed in 1996, Belrise Industries manufactures components for two-wheelers, four-wheelers, commercial and electric vehicles. The company has a 24% share in the two-wheeler metal components segment in India. Belrise Industries is one of the top three companies in the market in this segment. The company has long term business with companies like Bajaj Auto, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors. Belrise Industries has 15 manufacturing plants in 8 states of the country. The company’s automotive product portfolio includes more than 1,000 different products in chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, suspension and steering columns. What is an IPO? When a company issues its shares to the general public for the first time, it is called an Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO. ————————- Read this news too… Buy NSE shares before IPO: Climbed 30% in one year; NSE becomes largest non-listed company, number of shareholders crosses 1 lakh Before the IPO, National Stock Exchange of India i.e., NSE has now become the country’s largest non-listed company in terms of number of shareholders. According to media reports, the number of shareholders of NSE has crossed the 1,00,000 mark. Umesh Paliwal, who deals in unlisted shares, said that on March 24, the time taken in share transfer process of 3-4 months has been reduced to 1 day. Since then, the number of shareholders has increased. He said that the demand for NSE shares always remains. Click here to read the full news…
