Belrise Industries, a key auto component manufacturer, is launching a Rs 2,150 crore IPO from May 21, 23, 2025. The funds will primarily reduce debt, positioning the company for growth in both the ICE and EV markets and potential global expansion. Valuation appears attractive compared to peers.

• Rs 2,150 Cr IPO priced at Rs 85, 90/share.
• 24% market share in 2-wheeler components.
• Strong EV focus with increasing revenue.