Khaitan & Co Advised Belrise Industries On ₹21,500 Million Proposed IPO

Khaitan & Co Advised Belrise Industries on ₹21,500 Million Proposed IPO

Khaitan & Co advised Belrise Industries (formerly Badve Engineering) on its proposed initialpublic offering (IPO) aggregating up to INR 21,500 million. The IPO consists solely of a fresh issue by the company, with no offer-for-sale component.

Incorporated in 1996, the company specializes in precision sheet metal pressing and fabrication, a process involving the joining of sheet metal components to create unified structures for assembling vehicle subsystems and bodies.

The primary objective of the IPO is to reduce the company's debt burden, and to improve its debt-equity ratio. The remaining funds will be used for general corporate purposes.

The core team at Khaitan & Co that advised Belrise Industries consisted of Partners Madhur Kohli and Vaibhav Mittal, Associates Aastha Sarda and Sairandhri Nawale, with assistance from Principal Associate Pulkit Singh Rahangdale and Associate Dharini Shanker.