SOURCE : NEW18 NEWS
Last Updated:May 24, 2025, 14:00 IST
The current grey market premium of Belrise Industries is now 25.56 per cent based on the upper IPO price of 113, indicating listing gains for investors.
Belrise Industries IPO.
Even as the Belrise Industries IPO closed on Friday receiving a strong 43.14 times subscription, all eyes are now on its allotment. The allotment is scheduled to take place on Monday, May 26. Here’s a step-by-step guide to check allotment status online, and the latest GMP.
On the final day of bidding on Friday, the Belrise Industries IPO received a 43.14 times subscription, with a bidding of 7,21,33,41,590 shares against the offered shares of 16,72,22,223. The retail and NII participation stood at 4.52 times and 40.58 times, respectively. Its qualified institutional buyer (QIB) category got a 112.63 times subscription.
Recommended Stories
Belrise Industries IPO GMP Today
According to various observers tracking GMP of Belrise Industries, the current grey market premium of Belrise Industries is now 25.56 per cent based on the upper IPO price of 113, indicating listing gains for investors.
The shares of Belrise Industries Ltd are scheduled to be listed on BSE and NSE on May 28, 2025.
A Step-By-Step Guide To Check Allotment Status
The Belrise Industries IPO allotment will take place on Monday, May 26. The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Belrise Industries Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Link Intime’s portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check the Belrise Industries IPO allotment status.
Belrise Industries IPO More Details
Belrise Industries aims to raise Rs 2,150.00 crores through this bookbuilding IPO. Following Ather Energy and Borana Weaves, Belrise Industries is the third company in the mainboard segment to launch an IPO in FY26.
The company, based in Pune, set a price band of Rs 85-90 per share. The public offer consists entirely of a fresh issue of 23.89 crore equity shares, valued at Rs 2,150 crores. There is no offer-for-sale component in this IPO.
In the allocation of shares, 50% is reserved for qualified institutional bidders, 15% for non-institutional investors, and 35% for retail investors.
Purpose of the IPO
The primary objective of this IPO is to reduce the company’s debt. Out of the net proceeds, Rs 1,618.1 crore will be used to repay debt, while the rest will go towards general corporate purposes.
Financial Performance
For the nine months ending December of the previous year, Belrise Industries reported a profit of Rs 245.5 crore, a decline of 17.5% compared to the same period the previous year. Revenue for this period increased slightly by 0.9% to Rs 6,013.4 crore.
About the Company
Belrise Industries is an Indian automotive component manufacturer offering a variety of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Their clients include prominent companies like Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
- First Published:
May 24, 2025, 14:00 IST
