The company intend to utilize a portion of the net proceeds to the extent of Rs 1618.08 crore for repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
FinTech BizNews Service
Mumbai, 23 November, 2024: Automotive Component Manufacturer Belrise Industries Limited has filed DRHP for Rs 2,150 crore IPO. Belrise Industries, an automotive component manufacturing company offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
The company intend to utilize a portion of the net proceeds to the extent of Rs 1618.08 crore for repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book-running lead managers and Link Intime India Private Limited is the registrar to the issue.
