The ₹2,150 crore initial public offering (IPO) of Belrise Industries Ltd opened to a moderate response on May 21, 2025, with an overall Day 1 subscription of 0.67 times. The public issue, which is priced in the range of ₹85–₹90 per share, will remain open until May 23.
Investor demand was driven primarily by Non-Institutional Investors (NIIs), who subscribed 1.44 times their allotted quota. Retail investors subscribed 0.48 times, while the Qualified Institutional Buyer (QIB) portion was subscribed only 0.42 times.
Grey market premium (GMP) for Belrise Industries improved notably on Day 1 of the IPO, rising to ₹15, up from ₹8 the previous two days. This rebound in GMP reflects recovering sentiment in the grey market despite mixed initial demand.
The IPO requires a minimum investment of ₹14,110 for one lot (166 shares), while retail investors can bid for up to 13 lots, totalling ₹1,94,220.
About the company
Belrise Industries is a homegrown automotive component manufacturer offering engineering solutions across vehicle categories, including EVs and internal combustion engine vehicles. Its diversified product portfolio includes metal chassis systems, polymer parts, suspension systems, and exhaust modules.
IPO timeline
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Offer ends: May 23, 2025
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Allotment: May 26, 2025
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Listing date: May 28, 2025
Post-issue, the promoter shareholding will fall from 90.3% to 66.06%, while the public stake will rise to 26.85%.
Disclaimer: This article is for informational purposes only. It does not constitute investment advice. Please consult a financial advisor before making any investment decisions.
