The wait is almost over for thousands of investors who put their money into Belrise Industries IPO. The IPO was subscribed 41.30 times on the final day of bidding. The issue had opened on May 21 and closed its subscription window on May 23.
As the allotment status is likely to be declared today, many applicants are eager to find out if they have managed to secure a slice of the issue.
Let’s take a step-by-step guide on how to check the allotment status online –
How to check allotment status on the BSE Website
- Visit the official BSE IPO Allotment portal.
- Select ‘Equity’ as the issue type.
- Pick ‘Belrise Industries Limited’ from the dropdown.
- Enter your PAN or application number.
- Click on ‘Search’, your allotment status will be displayed.
Checking on NSE: Here’s what to do
- Go to the NSE allotment portal.
- Click on ‘Click here to sign up’ if you’re not already registered.
- Log in using your PAN details.
- Under IPO allotment status, select ‘Belrise Industries Limited’ to view your allotment info.
Through the registrar MUFG Intime India (Formerly Link Intime)
- Visit MUFG Intime India’s allotment page.
- Choose ‘Belrise Industries Limited’ from the dropdown.
- Select one option: PAN, Application Number, DP/Client ID, or Bank Account Number.
- Enter the details as per your selection.
- Click ‘Search’ to know your allotment status instantly.
Belrise Industries IPO: A snapshot
The Initial Public Offering of Belrise Industries, an automotive component manufacturer, opened for bidding on May 21 and closed on May 23.
The company had set a price band ranging from Rs 85 to Rs 90 per share, and the IPO was entirely a fresh issue worth Rs 2,150 crore, with no offer for sale component.
The issue saw participation from institutional and retail investors alike. Qualified Institutional Buyers subscribed 108.35 times, Non-Institutional Investors 38.33 times, and the Retail portion 4.26 times.
The company plans to use Rs 1,618.13 crore from the IPO proceeds to repay or prepay certain borrowings and for general corporate purposes.
Belrise Industries IPO: What happens after allotment?
If shares have been allotted to you, they will reflect in your demat account before the listing date, which is expected to be May 28. In case you didn’t get any shares, the refund process will begin shortly after the allotment finalisation.