{"id":5086,"date":"2024-11-21T09:28:09","date_gmt":"2024-11-21T03:58:09","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5086"},"modified":"2024-11-21T09:28:11","modified_gmt":"2024-11-21T03:58:11","slug":"belrise-industries-plans-rs-2150-crore-ipo-to-reduce-debt-files-with-sebi","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/belrise-industries-plans-rs-2150-crore-ipo-to-reduce-debt-files-with-sebi\/","title":{"rendered":"Belrise Industries Plans Rs 2,150-Crore IPO to Reduce Debt, Files with SEBI"},"content":{"rendered":"\n<p>Pune-based automotive component manufacturing company, Belrise Industries limited has filed the draft papers with SEBI to raise Rs 2,150 crore through an initial public offering. The IPO consists of only a fresh issue which means that all money, net of expenses, will come directly to the company.<\/p>\n\n\n\n<p><strong>Key Details of the IPO<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue Size<\/strong>: Rs 2,150 crore.<\/li>\n\n\n\n<li><strong>Fresh Issue<\/strong>: Entire IPO consists of fresh issue; no offer-for-sale.<\/li>\n\n\n\n<li><strong>Pre-IPO Placement<\/strong>: Company may raise Rs 430 crore before IPO launch, reducing the fresh issue size accordingly.<\/li>\n\n\n\n<li><strong>Utilization of Funds<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Rs 1,618.08 crore to reduce debt (62.52% of total borrowings).<\/li>\n\n\n\n<li>Remaining funds for general corporate purposes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Business Overview<\/strong>:<br>Belrise Industries was incorporated in the year 1996 and is amongst the leading players in precision sheet metal pressing and fabrication for the automotive sector. It enjoys a market share of 24% in the two-wheeler metal components market in India. Belrise caters to all major OEMs in the industry, such as Bajaj Auto, Honda, Hero MotoCorp, and Royal Enfield.<\/p>\n\n\n\n<p><strong>Financial Performance<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FY24 Revenue<\/strong>: Rs 7,484.2 crore, a 13.7% YoY increase, with exports contributing 76%.<\/li>\n\n\n\n<li><strong>Net Profit<\/strong>: Rs 310.9 crore, down 0.9% due to weaker operating margins.<\/li>\n\n\n\n<li><strong>EBITDA Margin<\/strong>: 12.35%, a drop of 95 bps despite EBITDA growth of 5.6%.<\/li>\n\n\n\n<li><strong>Q1FY25 Performance<\/strong>: Rs 71.6 crore profit on Rs 1,781 crore revenue.<\/li>\n<\/ul>\n\n\n\n<p>Belrise\u2019s IPO will help improve its debt-equity ratio and strengthen its financial position while enabling the company to pursue further growth in India and abroad.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/belrise-industries-plans-rs-2150-crore-ipo-for-debt-reduction-files-draft-papers-with-sebi-12871743.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/belrise-industries-plans-rs-2150-crore-ipo-for-debt-reduction-files-draft-papers-with-sebi-12871743.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pune-based automotive component manufacturing company, Belrise Industries limited has filed the draft papers with SEBI to raise Rs 2,150 crore through an initial public offering. The IPO consists of only a fresh issue which means that all money, net of expenses, will come directly to the company. Key Details of the IPO: Business Overview:Belrise Industries [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[707],"class_list":["post-5086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-belrise-industries-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5086"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5086\/revisions"}],"predecessor-version":[{"id":5088,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5086\/revisions\/5088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5087"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}