Balu Forge Industries Limited
Minerva Ventures Fund bought 6,25,000 shares of Balu Forge Industries Limited for ₹30.38 crore at ₹486.04 apiece in a bulk deal on June 3, 2026.
A manufacturer of forged crankshafts and automotive components, Balu Forge specializes in producing fully finished and semi-finished forged products for the automotive industry. The company has developed capabilities to manufacture components that comply with new emission regulations and support the electric vehicle sector. Its focus on advanced forging technology and precision manufacturing enables it to serve evolving automotive requirements and original equipment manufacturers.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.