Belrise IPO Ends With Strong Demand, Oversubscribed Nearly 3 Times

Mumbai: The Initial Public Offering (IPO) of Belrise Industries ended on May 23, 2025, with investors showing strong interest. The Rs 2,150 crore IPO saw a total of 51.09 crore shares bid against 17.70 crore shares on offer, resulting in an oversubscription of 2.89 times by the second day.

Non-Institutional Investors Lead the Way

Among investor categories, non-institutional investors (NIIs) led with 8.96 times oversubscription. Retail investors subscribed 1.54 times, while qualified institutional buyers (QIBs) subscribed 0.69 times. This shows that small and high-net-worth individuals were the main drivers of demand.

IPO Details and Cost to Investors

Belrise's IPO was a fresh issue only, with no offer-for-sale (OFS) component. The price band was set at Rs 85 to Rs 90 per share, and the lot size was 166 shares.

To buy one lot, a retail investor needed Rs 14,940. The maximum allowed for retail investors was 13 lots or 2,158 shares, costing Rs 1,94,220 at the highest price.

Grey Market Premium at 25 per cent

In the grey market, Belrise shares were seen trading at around Rs 113 per share, which is a Rs 23 premium or 25.56 per cent above the upper IPO price of Rs 90. This indicates positive investor sentiment ahead of the listing.

Allotment and Listing Dates

The share allotment is expected on Monday, May 26, 2025, and shares will be credited to demat accounts by Tuesday, May 27.

Belrise shares are likely to be listed on both BSE and NSE on Wednesday, May 28, 2025.

Use of IPO Funds

The funds raised will be used mainly to repay or prepay loans, along with covering general corporate expenses. This will help reduce the company’s debt and strengthen its balance sheet.

About Belrise Industries

Belrise Industries is a leading Indian auto component company. It makes safety and precision parts for two-, three-, and four-wheelers. The firm has a 24 per cent market share in two-wheeler metal components in FY24. Its products include chassis, suspension systems, exhausts, and body structures for both electric and fuel-based vehicles.