The IPO of Belrise Industries, a company that manufactures components for diesel-petrol and electric vehicles, i.e. Initial Public Offering, has opened today i.e. Wednesday (May 21). Investors will be able to bid for this issue till May 23. 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 at ? 85 to ? 90. Retail investors can bid for a minimum of one lot, which will include 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 makes 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 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… Borana Weaves IPO started from 20th May: Opportunity to invest till 22nd May, minimum investment ?14,904; The company manufactures synthetic grey fabric The Initial Public Offering (IPO) of synthetic fabric manufacturing company Borana Weaves Limited has opened from today i.e. Tuesday (20th May). Investors will be able to bid for this issue till 22nd May (Thursday). The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 27th May. Through this issue, the company wants to raise Rs 145 crore. For this, the company will issue about 67 lakh fresh shares. In the issue, the existing investors or promoters of the company will not sell a single share through Offer for Sale i.e. OFS. Click here to read the full news…
