Source: LiveMint
Belrise Industries Share Price Live: Belrise Industries is set to make its debut into the Indian stock market today, following the completion of its initial public offering (IPO). Belrise Industries IPO listing date is scheduled for today, May 28. The public issue, valued at ₹2,150 crores, was open for subscription from May 21 to May 23. Belrise Industries IPO allotment status was finalised on May 27, and today marks Belrise Industries IPO listing. Belrise Industries shares will be listed on both the exchanges, BSE and NSE.
According to a circular from BSE, trading members of the exchange have been informed that from Wednesday, May 28, 2025, the equity shares of BELRISE INDUSTRIES LIMITED will be listed and permitted for trading on the Exchange under the 'B' Group of Securities.
Belrise Industries is a manufacturer of automotive components that provides a wide array of safety-critical systems and various engineering solutions for two-wheeled, three-wheeled, four-wheeled vehicles, commercial vehicles, and agricultural vehicles.
The company has maintained enduring partnerships with its clients, including major multinational OEMs like Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield Motors.
Belrise Industries IPO price band was fixed in the range of ₹85 to ₹90 per equity share of the face value of ₹5. Belrise Industries IPO reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Belrise Industries IPO subscription status on the last bidding day was 41.30 times, as BSE data.
The share allocated to qualified institutional buyers (QIBs) was subscribed by 108.35 times, whereas retail individual investors (RIIs) experienced 4.27 times subscriptions. The non-institutional investors' quota attracted 38.33 times of total subscriptions.
(more to come)
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