From Family Business to Public Powerhouse: Belrise Industries' ₹2,150 Crore IPO Journey

Belrise Industries is a Maharashtra-based automotive component manufacturer that has received the approval of SEBI to open its Initial Public Offering (IPO). The company proposes to raise ₹2,150 crore through a fresh issue of equity shares. IPO proceeds will mainly be used towards the repayment of a...

Belrise Industries is a Maharashtra-based automotive component manufacturer that has received the approval of SEBI to open its Initial Public Offering (IPO). The company proposes to raise ₹2,150 crore through a fresh issue of equity shares. IPO proceeds will mainly be used towards the repayment of a debt amounting to ₹1,618 crore. The Belrise company is owned by the Badve family and focuses on safety-critical systems and engineering solutions for automobile companies. The draft red herring prospectus was filed in November 2024, and SEBI issued its observation letter on February 25, 2025. The public issue is to be managed by Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets. Source: Moneycontrol