Belrise Industries IPO: Price band set at Rs 85-90; Issue opens on May 21

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Belrise Industries’ Rs 2,150 crore IPO priced at Rs 85–90/share opens May 21–23 with no offer-for-sale.
Rs 1,618 crore proceeds will repay debt; borrowings were Rs 2,904 crore (March 2025).
Profit down 17.5%, revenue steady; clients include Tata, Honda, Mahindra.
Allotment on May 26; listing on BSE/NSE by May 28.

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