According to the circular, the company allocated 7.16 crore equity shares to 90 APCEs, which is also the upper end of the price band.
According to Red Harring Prospectus (DRHP), Rs. There is no full equity share of 2,150 crore IPO equity shares.
This issue, with a band of 85-90 per share, will open for a public subscription on May 21 and end on May 23.
Going through Prospectus, the company will pay Rs. It intends to use income of Rs 1,618 crore. By December 2024, the company borrowed around Rs 2,600 crore in its books.
Balryce Industries is an India-based OMOT Tomotive Components Manufacturing Company, offering two-wheelers, three-wheelers, four-wheelers, commercial vehicles and various safety-cricket systems and other engineering solutions.
It marketed its products locally and internationally, expanding operations in many markets including AUST Stria, Slovakia, UK, Japan and Thailand.
The company has a long relationship with customers, including leading multinational OEMs such as Bajaj Auto toe, Honda Motorcycle and Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors.
It has 17 production facilities in 10 states on 2024.
On the financial front, the company’s revenue increased 13.7 per cent to Rs 7,484. For FY 2024, Rs 24 crore for the previous financial year Rs. From Rs 6,582.50 crore and tax for fiscal year 2024, the profitability of Rs 313.66 crore in the previous financial year is Rs. 310.88 crore.
Half of the issue size is reserved for qualified institutional buyers, 35 percent for retail investors and 15 percent for non-institutional investors.
Investors can bid at least 166 stocks and subsequent 166 stocks.
Axis Capital, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India and SBI Capital Markets are lead managers running the book on this issue.
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