Belrise Industries IPO Day 1 Live: GMP, subscription status, review, other details. Apply or not?
Belrise Industries IPO: The initial public offering (IPO) of Belrise Industries Limited hit the Indian primary market today. According to the Belrise Industries IPO schedule on the BSE website, the public issue will remain open until 23 May 2025. The auto company has declared the Belrise Industries IPO price band at ₹ 85 to ₹ 90 per equity share. The company aims to raise ₹ 2,150 crore, which is entirely fresh. According to stock market observers, shares of Belrise Industries Limited are available in the grey market at a premium of ₹ 4 per equity share.
1] Belrise Industries IPO GMP today: According to stock market observers, shares of the company are available at a premium of ₹ 4 in the grey market today.
2] Belrise Industries IPO price: The company has fixed the price band of the public issue at ₹ 85 to ₹ 90 per equity share.
3] Belrise Industries IPO date: The book build issue hit the primary market today and will remain available for bidding until 23 May 2025.
4] Belrise Industries IPO size: The company aims to raise ₹ 2,150 crore, which is entirely fresh.
5] Belrise Industries IPO lot size: Bidders can apply in lots, and one lot of the book build issue will comprise 166 company shares.
6] Belrise Industries IPO allotment date: The announcement of share allocation is likely on 24 May 2025. If there is any delay due to 24 May being a Saturday, then we can expect the announcement on 26 May 2025, i.e. Monday next week.
7] Belrise Industries IPO registrar: Link Intime India Private Limited has been appointed the official registrar of the book build issue.
8] Belrise Industries IPO lead managers: Axis Capital, HSBC Securities and Capital Markets, Jefferies India, and SBI Capital Markets have been appointed lead managers of the book build issue.
9] Belrise Industries IPO listing date: The book build issue is proposed for listing on the BSE and the NSE, and the most likely date for share listing is 28 May 2025. Infographic: Courtesy mintgenie
10] Belrise Industries IPO review: On whether one should apply for the public issue or not, Anand Rathi says, "At the upper band, the company is valued at 26x its FY24 EPS. Following the issuance of equity shares, the company's market capitalisation stands at ₹ 80,089 million, with a market cap-to-sales ratio of 1.07 based on its FY24 earnings. The company focuses on increasing its Content per Vehicle and EVs, 4-wheelers, and Commercial Vehicles. We believe the issue is fairly priced and recommend a "Subscribe – Long Term" rating to the IPO."
Giving a 'subscribe' tag to the public issue, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "The company has established a robust manufacturing footprint with 15 plants spread across nine cities in eight states, allowing it to maintain proximity to key customers and reduce supply chain friction. The company's business model is aligned with the automotive sector's increasing focus on electric vehicles and lightweight engineering, enabling it to tap into future growth segments. With a track record of consistent expansion and a diverse product offering integrated across vehicle platforms, Belrise positions itself as a vital supplier in India's automotive manufacturing ecosystem."
In addition to these, Choice Broking, ICICI Direct, and Ventura Securities have also assigned a 'subscribe' tag to the book build issue.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
12k of SAIL's 16k tonnes of steel for tallest rail bridge supplied by Bhilai plant
Raipur: The Steel Authority of India Ltd (SAIL) has played a pivotal role in the construction of the world's tallest railway bridge over the Chenab River in Jammu & Kashmir, supplying a total of 16,000 tonnes of steel — with its Bhilai Steel Plant alone contributing 12,000 tonnes to the project. Tired of too many ads? go ad free now A senior official from the Bhilai plant confirmed the figure on Friday, hailing it as a proud moment for the Indian steel industry and a major milestone in nation-building. The Chenab Railway Bridge, inaugurated by Prime Minister Narendra Modi on June 6, 2025, is now the highest railway arch bridge on the planet, rising 359 metres above the riverbed — even taller than the Eiffel Tower. The bridge is part of the strategically crucial Udhampur-Srinagar-Baramulla Rail Link (USBRL) project and aims to bring seamless all-weather connectivity to Kashmir, significantly improving both civilian and military mobility. SAIL's contribution to the bridge included a wide range of steel products such as TMT bars, heavy plates, structural steel, and hot strip mill products. From the total volume supplied, the Bhilai Steel Plant alone provided 5,922 tonnes of TMT bars, 6,454 tonnes of steel plates, and 56 tonnes of structural steel. The remaining steel was delivered by SAIL's IISCO, Durgapur, Rourkela, and Bokaro plants. Officials said that the construction of this 1.3 kilometre long bridge involved the use of approximately 29,000 metric tonnes of fabricated steel, over 10 lakh cubic metres of earthwork, 66,000 cubic metres of concrete, and a vast network of 84 kilometres of cable anchors and rock bolts. Engineered to endure wind speeds of up to 266 kmph and strong earthquakes, the bridge is being seen not just as an engineering feat, but a strategic lifeline to India's northern frontier. SAIL's Bhilai Steel Plant, known for producing high-grade TMT bars with earthquake- and corrosion-resistant properties, has been a consistent contributor to key national infrastructure. Its steel has previously been used in iconic structures like the Bandra-Worli Sea Link, Atal Setu, Sela and Atal Tunnels, and even in defence applications including warships like INS Vikrant. Tired of too many ads? go ad free now According to the Bhilai plant official, the bridge is yet another example of how SAIL's quality steel is powering India's most ambitious projects. "From high-altitude tunnels to bullet trains and now the world's tallest railway bridge, SAIL steel — especially from Bhilai — is proving essential to India's infrastructure push," the official said.
Time of India
21 minutes ago
- Time of India
Procurement rules for scientific research eased
Mumbai: In a resounding shift, the ministry of finance eased a long-standing bottleneck in procurement rules that once tethered researchers to the govt e-Marketplace (GeM), now allowing them to source scientific equipment and consumables from outside it. The revision in monetary ceilings and procurement channels, officials say, required the direct intervention of Prime Minister Narendra Modi. For the scientific community, this isn't just administrative reform—it's an acknowledgment and a huge relief. "Science cannot be caged in platforms and progress cannot always be L1," said a frustrated scientist, who said procurement was running into long delays because of cost and quality issues. The spirit behind GeM portal is, in principle, noble, said most scientists—designed to uplift Indian suppliers and foster a self-reliant manufacturing ecosystem. "But behind the digital veneer of transparency and procurement lies a troubling reality." "As a scientist, I ask—what truly serves the nation? If I want to order a computer that serves my requirements today, I cannot buy one unless it is L1," said professor at the School of Biotechnology at Jawaharlal Nehru University, Binay Panda. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Successful Way of Intraday Trading is "Market Profile" TradeWise Learn More Undo Five amendments have been made to existing procurement rules. Vice-Chancellors and directors of India's top scientific and academic institutions no longer have to wait for clearances to procure scientific equipment and consumables for research. Under the newly eased rules, they now hold the power to approve Global Tender Enquiries—up to a staggering Rs 200 crore—if they believe the need is justified. No central nod, no extra scrutiny. Just their judgment. Similarly, the ceiling for direct purchases—those made without quotations—has been raised from Rs 1 lakh to Rs 2 lakh. And what once required a drawn-out trail of tenders—purchases from Rs 1 to 10 lakh—can now be cleared by a purchase committee for anything up to Rs 25 lakh. Additionally, the limits on limited tender enquiry have been lifted—from Rs 50 lakh to Rs 1 crore. And perhaps, most telling of all, said scientists—the need for open tenders—earlier triggered at Rs 50 lakh—will now apply only to purchases above Rs 1 crore. Minister of State for Science and Technology, Jitendra Singh, took to social media and termed this as "a landmark step" for enabling #EaseOfDoingResearch. "This will reduce delays, also enhance autonomy and flexibility for research institutions—empowering them to innovate faster," he added. Secretary of the Department of Science and Technology, Prof Abhay Karandikar, said, "It was made possible by the collective efforts of everyone, including other scientific secretaries, PSA, Department of Expenditure and Cabinet Secretariat. " Another scientist explained that in this "algorithm-driven marketplace, the lowest bidder always wins, never mind if the product fails the test of quality. What use is cost-efficiency if it sacrifices precision and most importantly, the requirements of a scientific experiment? What use is patriotism if it's only glued on?" "They don't really make these products here," added Prof Panda. "They import many parts, assemble them locally, and slap on a Make in India sticker—as if that alone sanctifies the machine." He quickly added, "If there is a good Indian product, we do not think twice. We prefer make-in-India by default—it's more affordable, support is better, and it's close by." Most scientists echoed this. However, "We don't want to buy an Indian product if science suffers. "
Time of India
35 minutes ago
- Time of India
This Bollywood couple now owns Vijay Mallya's iconic Kingfisher Villa in Goa. Here's why it is now called the King's Mansion
Once synonymous with Vijay Mallya 's high-flying lifestyle and extravagant soirées, the infamous Kingfisher Villa in Goa has quietly passed into the hands of a new set of power players—Bollywood actor Sachiin Joshi and his wife, former actress Urvashi Sharma. Now renamed King's Mansion , the opulent estate on the shores of Candolim has been reborn with a fresh identity, but not without its share of dramatic history and cinematic connections. The news comes in the wake of Royal Challengers Bangalore 's stunning 2025 IPL win—18 years after its founding—which brought Mallya back into public conversation. As congratulatory messages poured in for the embattled former tycoon, curious eyes turned once again to the symbols of his bygone empire. Chief among them was the palatial Kingfisher Villa, where champagne once flowed as freely as scandal. The King Who Lost His Castle Known as the "King of Good Times," Vijay Mallya was as much a fixture in India's business pages as he was in Page 3 party shots. But the empire began to crumble after his alleged ₹900 crore loan default involving IDBI Bank, among other financial irregularities. In 2016, as Indian agencies closed in, Mallya fled to the United Kingdom under the radar, leaving behind a slew of legal troubles—and the glittering Kingfisher Villa. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Business Sneaker Loved by CEOs and NFL Stars Wolf & Shepherd Shop Now Undo The estate, owned by United Breweries Holdings , was seized by a consortium of banks led by the State Bank of India to recover dues from Mallya. Despite three failed auctions, the fourth attempt in 2017 finally found a buyer in Sachiin Joshi, who acquired the property for ₹73.01 crore, just under the reduced reserve price. From Kingfisher to King's Mansion With a sprawling 12,350 square feet of built-up space on a three-acre plot, the villa has long been a symbol of indulgence. Private swimming pools, manicured lawns, open-air dance floors, artificial ponds, and once a fleet of luxury cars—it had it all. But what once echoed with the sounds of the city's elite now has a new voice. You Might Also Like: Kingfisher calendar helped Deepika Padukone, Katrina Kaif become Bollywood stars, says Vijay Mallya. What was the formula? View this post on Instagram A post shared by Urvashi Sharrma (@urvashiamrrahs) Sachiin Joshi, known for films like Azaan , Jackpot , and the Telugu remake of Aashiqui 2 , is not just a film actor. He is also a businessman and the son of Jagdish Joshi, head of the JMJ Group of Industries. Joshi himself owns Viiking Ventures, which deals in everything from alcohol (notably King's Beer ) to hospitality and wellness. The connection to the 'King' label was serendipitous, leading him to christen the villa as King's Mansion . 'For months now, I have been asked about my plans for the villa. Today is the day I open the gates to the world,' Joshi remarked at the time. 'The property has been coronated as the 'King's Mansion'… the brand connection from 'King's Beer' and the inherent grandeur of the property made the choice.' View this post on Instagram A post shared by Sachiin Joshi (@sachiinjjoshi) While Vijay Mallya remains in the UK, battling extradition and legal proceedings, the Candolim property marks one of the few tangible recoveries Indian banks have made in their pursuit of the fugitive billionaire's dues. It's ironic, almost poetic, that the villa now belongs to someone from the very world that once frequented its parties; Bollywood . You Might Also Like: Vijay Mallya's son Siddharth celebrates 6 years of alcohol-free life. What is the reason behind his no-drinking?
