Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and closes on May 23. The auto parts maker will use Rs 1,618 crore to repay debt. The IPO comprises a fresh issue of 23.89 crore shares and will be listed on May 28.
ETMarkets Smart Talk | Financials, IT turn attractive; microfinance seen as turnaround bet: Niraj Kumar
Indian stock markets are presenting new chances for investors. Financial and IT sectors are looking attractive. Microfinance is seen as a turnaround play. Investors with