Belrise Industries IPO Day 3: Check GMP, Subscription Status & Key Highlights
Today is the last day, Day 3 of the ₹2,150 crores Belrise Industries IPO, which opened on May 21, 2025. The bidding window is scheduled to close on May 23, 2025. The basis of allotment will be finalised by May 26, 2025.
Belrise Industries IPO Details
The Belrise Industries IPO is a book-built issue of ₹2,150 crores, consisting of an entirely fresh issue of 23.89 crore shares. The allotment date is May 26, 2025, followed by listing on May 28, 2025.
Belrise Industries IPO Day 3: Subscription Details
[23-May-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
108.35 |
|
Non-Institutional Investors |
38.33 |
|
Retail Individual Investors(RIIs) |
4.25 |
|
Total |
41.29 |
Also Read : Belrise Industries IPO Day 1 Subscription Status
Belrise Industries IPO Day 2 Subscription Status
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to
- Pay the company’s outstanding loans
- For general corporate purposes.
Belrise Industries GMP Details
As of 23 May 2025, Belrise Industries' IPO's GMP is ₹23. The expected listing price is ₹113, up 25.56% over the upper price band.
Source: Business Standard Media Report dated 23 May, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Belrise Industries Business Overview
Founded in 1996, Belrise Industries manufactures safety systems and engineering solutions for a diversified customer base of 27 OEMs. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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