Latest news with #NSE.BelriseIndustries
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
