New Delhi, May 22 -- The initial public offering (IPO) of Belrise Industries Ltd is open for public subscription and has entered its second day of the bidding process on Thursday, May 22. Belrise Industries IPO opened on May 21 and will close on May 23.

The company is an automotive component manufacturing company and offers a diverse range of safety critical systems.

Belrise Industries plans to raise Rs.2,150 crore from the public issue. Along with Belrise Industries IPO, the primary market is also seeing another public issue which is Borana Weaves IPO.

Belrise Industries IPO has seen decent demand on the first day of the bidding process, as the issue was booked 67% on May 21. Belrise Industries IPO entered its second day today.

Belri...