Latest news with #BelriseIndustriesLimited
India Today
26-05-2025
- Business
- India Today
Belrise Industries IPO allotment: Step-by-step guide to check status
The allotment status for Belrise Industries' initial public offering (IPO) is now available. Belrise Industries IPO opened for subscription on Wednesday, May 21, 2025, and saw strong demand across all investor company planned to raise Rs 2,150 crore through the IPO, which was entirely a fresh issue of 23.89 crore equity IPO received a good response from all types of investors. By the end of the three-day bidding period on May 23, it was subscribed 43.14 times. The retail category was subscribed 4.52 times, while qualified institutional buyers (QIBs) booked 112.63 times the shares reserved for them. Non-institutional investors (NIIs) showed solid interest too, with a subscription of 40.58 price band for the IPO was set between Rs 85 and Rs 90 per TO CHECK ALLOTMENT STATUSIf you applied for the Belrise Industries IPO, you can check the allotment status online either on the BSE website or the website of the registrar, Link Intime India Private Limited (officially known as MUFG Intime India Private Limited).Here are the steps to check the allotment:Through BSE website:Visit the BSE IPO allotment 'Equity'.Choose 'Belrise Industries Limited' from the dropdown your application number and PAN card the captcha and click Link Intime India's website:Go to the Link Intime India 'Belrise Industries Limited' from the dropdown either the application number, demat account number, or PAN to the required details along with the captcha on 'Submit' to view your the allotment is finalised, successful applicants will receive the shares in their demat accounts, while refunds for unallocated shares will be DATE AND GMPBelrise Industries shares are expected to be listed on both the BSE and NSE on Wednesday, May 28, the grey market premium (GMP) has increased in the past few days. As of the morning of May 26, the last reported GMP for Belrise Industries IPO was Rs the upper price band at Rs 90, the estimated listing price is around Rs 117.5 per share. This means the shares could list at a premium of about 30.56% over the issue price, depending on market conditions. advertisement
Business Upturn
22-05-2025
- Business
- Business Upturn
Belrise Industries IPO fully subscribed on Day 2; NIIs lead with 2.66x bids
By Aditya Bhagchandani Published on May 22, 2025, 10:51 IST The ₹2,150 crore initial public offering (IPO) of Belrise Industries Limited was fully subscribed on Day 2 of bidding, with overall subscription reaching 1.05 times as of 10:45 AM on May 22, 2025. According to data from the stock exchanges, the Non-Institutional Investors (NII) category witnessed strong demand, being subscribed 2.66 times. Within this, bids from high-net-worth individuals (bNII) applying for more than ₹10 lakh came in at 2.84x, while small NIIs (sNII) bidding between ₹2 lakh to ₹10 lakh were subscribed 2.30x. However, the Qualified Institutional Buyers (QIB) segment remained underwhelming, with only 0.43 times subscription so far. Retail Individual Investors (RIIs) also showed limited enthusiasm, subscribing 0.71 times their allocated quota. IPO details: IPO size : ₹2,150 crore (entirely fresh issue of 23.89 crore shares) Price band : ₹85–₹90 per share Minimum lot : 166 shares Retail investment : ₹14,110 at lower band; suggested cutoff price investment: ₹14,940 Listing date (tentative) : May 28, 2025 Allotment date: May 26, 2025 Lead Managers: Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets are the book running lead managers. Link Intime is the registrar to the issue. With one day left for bidding, market watchers expect increased QIB participation in the final hours to strengthen overall subscription numbers. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
21-05-2025
- Automotive
- Mint
Belrise Industries IPO subscribed 67% on Day 1; Check GMP, subscription status, other details
Belrise Industries IPO: Belrise Industries Limited's initial public offering (IPO) is a book-built issue offering investors a complete fresh issue of equity shares as the company aims to raise ₹ 2,150 crore from the Indian stock market. The autoparts manufacturer's initial public offering (IPO) opened for public issue on Wednesday, 21 May 2025 and is set to close on Friday, 23 May 2025. According to BSE IPO data, the stock market investors subscribed 67 per cent to the Belrise Industries IPO, coming in at a bid of 11,82,49,436 or more than 11.82 crore shares, out of the 17,70,58,824 shares on offer, as of the first date of public bidding. The Non-Institutional Investors (NII) segment witnessed the highest bidding on the first day as the investors subscribed 1.44 times the shares on offer. The NIIs bid for 5,44,94,812 or 5.44 crore shares, compared to the 3,79,41,177 shares on offer for the segment. Retail investors followed the NII cue, coming in at 48 per cent subscriptions at 4,26,38,594 equity shares, compared to the 8,85,29,412 shares on offer for the segment. The Qualified Institutional Buyers (QIBs) segment witnessed 42 per cent booking at 2,11,16,030 shares, compared to the 5,05,88,235 shares on offer. (This is a developing story. Please check back for updates.)
Economic Times
21-05-2025
- Business
- Economic Times
Belrise Industries Limited IPO GMP Live: Rs 2,150 crore-Belrise Industries IPO opens for bidding
21 May 2025 | 12:27:08 PM IST Belrise Industries Limited IPO Day 1 Live Updates: Belrise Industries has fixed a price band of Rs 85–90 per share for its IPO, with investors required to bid in lots of 166 shares — translating to a minimum investment of Rs 14,940 at the upper end. Belrise Industries Limited IPO Day 1 Live Updates: Retail investors are allocated at least 35% of the offer, QIBs up to 50%, and HNIs at least 15%. Share allotment is likely on May 26, with listing expected on May 28 on the BSE and Industries IPO: GMP & Analyst ViewBelrise Industries is commanding a grey market premium (GMP) of around Rs 14 ahead of its IPO launch, implying a 16% listing premium. Analysts remain optimistic, noting the company's strong double-digit growth in recent years and its strategy to maintain momentum through new product launches. Key Highlights: Belrise IPO 14% subscribed on day 1; NIIs 25%, retail 17%, QIBs low. IPO dates: Open May 21, close May 23, allotment May 26, listing May 28. Rs 2,150 crore IPO; Rs 1,618 crore for debt repayment. Analysts rate SUBSCRIBE; strong growth, Rs 500 crore PAT expected by FY27E. Makes automotive safety parts; FY24 revenue Rs 7,555 crore, profit Rs 353 crore. Show more
Time of India
21-05-2025
- Business
- Time of India
Belrise Industries Limited IPO GMP Live: Rs 2,150 crore-Belrise Industries IPO opens for bidding
21 May 2025 | 12:13:23 PM IST Belrise Industries Limited IPO Day 1 Live Updates: Belrise Industries has fixed a price band of Rs 85–90 per share for its IPO, with investors required to bid in lots of 166 shares — translating to a minimum investment of Rs 14,940 at the upper end. Belrise Industries Limited IPO Day 1 Live Updates: Retail investors are allocated at least 35% of the offer, QIBs up to 50%, and HNIs at least 15%. Share allotment is likely on May 26, with listing expected on May 28 on the BSE and Industries IPO: GMP & Analyst ViewBelrise Industries is commanding a grey market premium (GMP) of around Rs 14 ahead of its IPO launch, implying a 16% listing premium. Analysts remain optimistic, noting the company's strong double-digit growth in recent years and its strategy to maintain momentum through new product launches. Show more
