Bidding for Belrise Industries' IPO was open from May 21, 2025, to May 23, 2025. The basis of allotment will be finalised today, i.e., May 26, 2025. The tentative listing date for the IPO on BSE and NSE is May 28, 2025.
Belrise Industries IPO is a book-built issue of ₹2,150 crores, consisting of an entirely fresh issue of 23.89 crore shares. The automotive component manufacturer is offering shares at a price band set between ₹85 to ₹90 per share.
[23-May-2025 7:00:00 PM]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers(QIBs) |
108.35 |
Non-Institutional Investors |
38.33 |
Retail Individual Investors(RIIs) |
4.27 |
Total |
41.30 |
The net proceeds from the fresh issue will be used for general corporate purposes and to pay the company’s outstanding borrowings.
As of 26 May 2025, Belrise Industries' IPO's GMP stood at ₹28.5. The expected listing gain per share is 31.67% over the upper price band, and the estimated listing price is ₹118.5.
Source: Business Standard Report dated 26 May, 2025
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