Belrise Industries Limited & Borana Weaves Limited IPO Details
🏭 Belrise Industries Limited
Belrise Industries Limited, formerly Badve Engineering Ltd, is a major Tier-1 automotive component manufacturer in India. It operates 21 manufacturing units across 7 Indian states and supplies to top OEMs like Bajaj Auto, Hero, Honda, Tata Motors, and Ashok Leyland.
📌 IPO Highlights
- Issue Size: ₹2,150 crore
- Price Band: ₹85–₹90 per share
- IPO Dates: May 21–23, 2025
- Anchor Investment: Opens May 20, 2025
- Purpose: Funding growth initiatives
🚀 Strategic Acquisition
In April 2025, Belrise acquired H-One India Pvt. Ltd. from Japan’s H-One Co., enhancing its capabilities in high-tensile steel component manufacturing and expanding its presence among Japanese and Indian OEMs.
🧵 Borana Weaves Limited
Borana Weaves Limited is a Surat-based company specializing in the production of synthetic grey fabrics, used extensively in the textile industry.
📌 IPO Highlights
- Issue Size: ₹144.89 crore
- IPO Dates: May 20–22, 2025
- Fresh Issue: 67.08 lakh equity shares
- Purpose: Setting up a new plant in Surat, working capital, and general corporate expenses
💰 Financials (FY 2023–24)
- Revenue: ₹199 crore
- Profit After Tax (PAT): ₹23.59 crore
With solid financials and growing demand in the textile sector, Borana Weaves is poised for a strong market debut.