Sidley Austin LLP Advised Belrise Industries On US$250 Million Initial Public Offering

Sidley Austin LLP Advised Belrise Industries on US$250 Million Initial Public Offering

Sidley Austin LLP advised Belrise Industries Limited on its US$250 million initial public offering. The IPO, underwritten by Axis Capital, HSBC, Jefferies, and SBI Capital Markets, consisted of a fresh issue of equity shares and received an overwhelming subscription of 43 times. The equity shares are listed on the BSE and NSE.

Belrise is a prominent Indian automotive component manufacturer offering safety-critical systems and engineering solutions across two-, three-, and four-wheelers, commercial vehicles, and agri-vehicles. The company supports both electric and internal combustion platforms and holds a significant share in India’s two-wheeler metal components segment.

The Sidley team advising on the transaction was led by Manoj Bhargava (Partner), with support from Harekrishna J. Ashar (Managing Associate), Edward Lee (Managing Associate), Dhanush Dinesh (Associate), and legal assistant Sanketh Hareesh Kumar, along with Carla G. Teodoro (Partner), Nicholas R. Brown (Partner), Prabhat K. Mehta, Robert M. Kreitman, and Alvin Wang.

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