Belrise Industries IPO | The anchor book of the offer will be opened for a day on May 20, while the initial public offering will close for public on May 23.
Pune-based automotive component manufacturing company Belrise Industries will open its Rs 2,150-crore maiden public issue for subscription on May 21. The price band for the offer has been fixed at Rs 85-90 per share.
This would be second IPO in the mainboard segment in current month, after Borana Weaves.
The IPO comprises of entirely fresh issue with no offer-for-sale component.
The anchor book of the offer will be opened for a day on May 20, while the initial public offering will close for public on May 23. The company will finalise the IPO share allotment by May 26, while the trading in Belrise Industries shares will commence on the bourses, effective May 28.
Investors can bid for a minimum of 166 equity shares and in multple of 166 shares therafter.
Pune-based Belrise Industries that specialises in precision sheet metal pressing and fabrication, i.e. the process of joining sheet metal components to create unified structures for assembling vehicle subsystems and bodies, compares with listed entities like Bharat Forge, Uno Minda, Motherson Sumi Wiring India, JBM Auto, Endurance Technologies, and Minda Corporation.
