Belrise Industries share price jumps up to 13.6%, hitting record high; block deal buzz & other updates to know

The offer floor price was reported to be set at ₹153.70 per share, representing a discount of about 2.94% to the stock's last closing price.

Other key updates

Belrise Industries and Plasan Sasa, a global leader in advanced armour and survivability solutions, on Monday announced a strategic agreement to jointly pursue opportunities in the Indian military market with the innovative ATEMM systems.

The ATEMM (All-Terrain Electric Mission Module) is a cutting-edge self-propelled electric platform designed to enhance operational payload, energy, survivability, and mobility for modern armed forces. Through this collaboration, Belrise Industries and Plasan aim to deliver advanced mission-ready solutions tailored to the requirements of the Indian defence sector.

Key Highlights of the Agreement

Leadership Statements

"This partnership agreement represents a significant milestone in our journey to bring world-class defence technologies to India," said Swastid Badve, Chief of Staff. "By combining Belrise’s manufacturing capabilities with Plasan’s innovation, we are confident in delivering solutions that meet the evolving needs of the Indian Armed Forces."

"We are proud to partner with Belrise Industries, a company that shares our vision for innovation and excellence," added Gilad Ariav, VP of Marketing & Business Development. "Together, we will not only serve India’s defence requirements but also strengthen our global supply chain with cost-effective production from India."

Belrise Industries' share price trend

Shares of the company have given impressive returns to its investors since its listing. Data show that the stock price has jumped 59% (as of Monday, December 22 closing level) over the past six months.

From its issue price of ₹90, the stock has rallied 75.5% so far (as of Monday, December 22 closing level).

About Belrise Industries

Belrise Industries Limited is an automotive component manufacturing company. It offers a range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.

Its product line includes sheet metal-based, polymer-based, suspension systems, braking systems, polymer refrigerator parts and renewable parts.

Its sheet metal-based products include chassis, side and main stands, brake pedal/gear clutch levers, and swing arms. Its polymer-based products include visor fronts, fenders, cowls, centre grills, fog lamp covers, battery containers, and lids.

Its suspension systems include rear suspensions, front forks, steering columns and helical springs. It offers rear suspension for sports utility vehicles and front suspension for light commercial vehicles. Its braking systems include braking assemblies for drum and disc brakes. Its polymer refrigerator parts include fruit and vegetable trays and handles.