Shares of Belrise Industries made a splash on Dalal Street today, May 28, as they debuted at a premium of Rs 98.50 on the BSE, up 9.4% and Rs 100 on the NSE, up 11.11%, compared to their issue price of Rs 90.
Let’s take a look at the key highlights of this mainboard issue –
Belrise Industries IPO: About the issue
Belrise Industries, formerly known for its manufacturing legacy in the auto components space, had launched a Rs 2,150 crore IPO that ran from May 21 to May 23, 2025. The issue was entirely a fresh offer of 23.89 crore equity shares, and was priced in the range of Rs 90 per share.
Belrise Industries IPO: Subscription details
By the final day of bidding, retail category was subscribed 4.52 times. Qualified Institutional Buyers (QIBs) oversubscribed by 112.63 times and Non-Institutional Investors (NIIs) went in 40.58 times. The overall subscription stood at a staggering 43.14 times.
Belrise Industries IPO: GMP
Ahead of its official listing, shares of Belrise Industries were trading at a premium of Rs 11 in the grey market, indicating a potential listing price of Rs 111 – a 23.33% gain over the issue price of Rs 90.
Belrise Industries IPO: About the company
Established in 1988, Belrise Industries is an Indian automotive component manufacturing sector. The company specialises in producing a wide range of parts, including sheet metal and casting components, polymer parts, suspension systems, and mirror systems. Its products cater to various segments such as two-wheelers, three-wheelers, passenger cars, and commercial vehicles. Belrise is particularly known for manufacturing safety-critical systems.
vBelrise Industries IPO: Key players of the issue
The IPO was managed by a consortium of lead managers, including Axis Capital, HSBC Securities,Jefferies India, and SBI Capital Markets. Meanwhile, MUFG Intime (Link Intime) acted as the registrar.