Mumbai, May 21 -- Belrise Industries, a Pune-based leader in India's two-wheeler auto components sector, opened its Rs.2,150 crore initial public offering (IPO) on Wednesday, aiming to capitalize on a recovering market backed by strong rural demand.

The company's 24% share in metal components for two-wheelers and its portfolio of marquee clients, including Bajaj Auto, Hero MotoCorp, Honda, Jaguar Land Rover, and Royal Enfield, position it as an attractive entrant in the capital markets.

The IPO, priced between Rs.85 and Rs.90 per share, includes a fresh issue with proceeds largely earmarked for repaying Rs.1,618 crore of debt. The issue closes this Friday.

With growth slowing and margins under pressure, investors face a key question: d...