Belrise Industries launched its IPO on May 21, aiming to raise Rs 2,150 crore through a fresh equity issue. The funds will primarily be used to reduce debt, with analysts recommending a ‘SUBSCRIBE’ rating based on the company’s growth prospects and attractive valuation. Belrise, a key automotive component supplier, serves major OEMs globally and reported strong financials in FY24.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets