Belrise Industries Limited IPO (Formerly Badve Engineering) Final Verdict *Applying For Reasonable Listing Gains And Long-term* Highlights of the Issue : Date : 21-23 May Price Band : 85-90 Size : 2,150 Crore (Full Fresh) M.cap : 8,009 Crore Some key negatives include Some Proceedings and Tax Litigations (Not very Significant), Good Chunk of revenue from trading (Low Quality Revenue), Related Party Transactions (Common in such segment), softness in Automobile segment and low chunk of Exports (Positive in a way as it mitigates Tariff and Macro Volatility) Overall a good company in a decent sector with attractive Valuations, Not a very strong balance sheet but should significantly improve within a year The Anchor Book was very strong