Belrise Industries secured Rs 645 crore from anchor investors. This happened before its initial public offering. Big names like BlackRock and ICICI Prudential MF participated. The IPO aims to raise Rs 2,150 crore through fresh equity shares. The company will use Rs 1,618 crore to pay off debt. Belrise makes automotive components for various vehicles.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets