Belrise Industries’ Rs 2,150 crore IPO includes solely of recent situation with no element of offer-for-sale. The corporate has fastened the value band within the vary of Rs 85-90 Apiece. The minimal order bid lot is 166.
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Anand Rathi Report
Belrise Industries Ltd. will launch its preliminary public providing on Might 21 and the supply closes for subscription on Might 23. An automotive element manufacturing firm has fastened the value band within the vary of Rs 85-90 Apiece. The minimal order bid lot is 166.
The Rs 2,150 crore IPO includes solely of recent situation with no element of offer-for-sale.
Objects of the Subject
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Compensation/pre-payment, in full or partly, of sure excellent borrowings availed by the corporate.
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Basic company functions.
Valuation & Outlook
Belrise Industries is a number one automotive element producer in India, specializing in safety-critical techniques and engineering options for two-wheelers, three-wheelers, four-wheelers, business autos, and agricultural autos.
The corporate produces a variety of merchandise, together with automotive sheet steel and casting elements, polymer elements, suspension and mirror techniques, steel chassis techniques, body-in-white elements, and exhaust techniques.
As of FY24, they rank among the many high three corporations in India’s twowheeler steel elements phase, holding a 24% market share primarily based on income.
With a powerful monitor file in course of engineering and expertise adoption, they try to uphold excessive manufacturing excellence throughout all their services.
On the higher band, the corporate is valued at 26x its FY24 EPS. Following the issuance of fairness shares, the corporate’s market capitalization stands at Rs 80,089 million, with a market cap-to-sales ratio of 1.07 primarily based on its FY24 earnings. The corporate is specializing in growing its Content material per Automobile together with specializing in EV’s, four-wheelers as business autos.
We imagine that the difficulty is pretty priced and suggest “Subscribe – Lengthy Time period” score to the IPO.
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