<ul><li>Belrise Industries IPO opens with a price band of ₹85-90 a share and will close on May 23. Investors can bid for a minimum of 166 equity shares.</li><li>The company garnered ₹645 crore from anchor investors by allocating 71,666,665 shares at ₹90 a share. Not more than 50% of the offer is available for qualified institutional buyers, 15% for non-institutional bidders, and up to 35% for retail investors.</li><li>Proceeds from the fresh issuance of ₹1,618.13 crore will be utilized for repayment/prepayment of borrowings and general corporate purposes.</li><li>Belrise Industries is an automotive component manufacturing company with a diverse product portfolio catering to various vehicles and has a market share of 24% in the two-wheeler metal components segment in India. The company enjoys relationships with major OEMs and reported a revenue of ₹7,484.24 crore for fiscal 2024.</li></ul>

Belrise Industries IPO opens today at ₹85-90 price band

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