New Delhi, March 4 -- Belrise Industries Limited, on Tuesday, March 4, received the green light from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company submitted its preliminary draft papers on November 19, 2024.

Belrise Industries Limited is an automotive original equipment manufacturer (OEM) component maker based in Pune, Maharashtra. The company was established in 1988 and has an annual turnover of Rs.7,484.2 crore, according to its official website.

The company caters to making automotive systems for the two-wheeler, three-wheeler, and four-wheeler passenger and commercial vehicle segments.

Mint reported earlier that the company has over 15 manufacturing facilities across seve...