Belrise has successfully completed its QIP, raising Rs. 1,700 crore. On the back of strong investor interest, Belrise upsized its QIP by ~40%, from the Rs. 1,200 crore base issue to Rs. 1,700 crore.

The issue saw robust participation from both foreign and domestic institutional investors, including marquee FIIs such as Government Pension Fund Global and BlackRock, NS Partners alongside leading

DIIs including Invesco, ICICI Prudential group entities and major mutual funds from houses like Aditya Birla and Mahindra Manulife.

This fund raise is expected to support Belrise’s growth plans in the aerospace, defense and automotive space.