The country’s well-known Auto Component Manufacturing company Bellariz Industries Limited has opened its initial public offer (IPO) to investors today, 21 May (Wednesday). This issue will be open till May 23, while the company shares will be listed on BSE and NSE on May 28.
How much amount will the company raise through IPO?
Belarize Industries wants to collect a total of 2,150 crore capital through this public offering. For this amount, the company will issue around 23.89 crore new equity shares. The thing to note is that there is no offer for sale (offs) in this issue- that is, promoters or existing shareholders are not selling their shares.
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What is the minimum and maximum limit of investment?
Price Band: ₹ 85 to ₹ 90 per share
Lot Size: 166 shares in a lot
If an investor applies for 1 lot at a price of ₹ 90, he will have to invest ₹ 14,940. Retail investors can apply for a maximum of 13 lots (2,158 shares), which will cost ₹ 1,94,220.
How much reservation is there for which investors?
- Belarize Industries has divided its IPO into three categories.
- 50% share for qualified Institutional Buyers (QIBS)
- 35% share for retail investors
- The 15% share is reserved for non-institutional investors (NIIs).
What does the company do?
Established in 1996, Bellariz Industries makes parts for two-wheeler, four wheeler, commercial and electric vehicles. Two-wheeler metal components have 24% market share in the market and it is included in India’s top 3 companies.
Who are the key customers of the company?
Many well -known automobile brands have long -term commercial relationships with Bellarize Industries.
- Bajaj Auto
- Hero MotoCorp
- Honda Motorcycle & Scooter India
- Royal Enfield Motors
- Jaguar Land Rover
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Where are manufacturing plants?
The company has 15 construction units in 8 states. This strong production infrastructure establishes the company firmly in various segments.
What is involved in Bellariz’s product portfolio?
The company’s product range is extremely diverse, including:
- Chassis system
- Exhaust system
- Body-in-white parts
- Polymer components
- Battery container
- suspension system
- steering column
More than 1000 types of automotive components are present in the company’s portfolio.
