Automotive component maker Belrise Industries files papers to raise Rs 2,150 crore via IPO

Belrise Industries, an Indian automotive component manufacturer, has initiated the process for an IPO to raise Rs 2,150 crore. The company plans to use the funds for debt repayment and submitted its draft prospectus to Sebi on Tuesday. Belrise Industries supplies components to major automotive companies globally and reported a revenue of Rs 7,484.24 crore in FY24.