Source: LIVEMINT
Belrise Industries IPO: Belrise Industries Limited's initial public offering (IPO) is a book-built issue offering investors a complete fresh issue of equity shares as the company aims to raise ₹2,150 crore from the Indian stock market. The autoparts manufacturer's initial public offering (IPO) opened for public issue on Wednesday, 21 May 2025 and is set to close on Friday, 23 May 2025.
According to BSE IPO data, the stock market investors subscribed 67 per cent to the Belrise Industries IPO, coming in at a bid of 11,82,49,436 or more than 11.82 crore shares, out of the 17,70,58,824 shares on offer, as of the first date of public bidding.
The Non-Institutional Investors (NII) segment witnessed the highest bidding on the first day as the investors subscribed 1.44 times the shares on offer. The NIIs bid for 5,44,94,812 or 5.44 crore shares, compared to the 3,79,41,177 shares on offer for the segment.
Retail investors followed the NII cue, coming in at 48 per cent subscriptions at 4,26,38,594 equity shares, compared to the 8,85,29,412 shares on offer for the segment. The Qualified Institutional Buyers (QIBs) segment witnessed 42 per cent booking at 2,11,16,030 shares, compared to the 5,05,88,235 shares on offer.
(This is a developing story. Please check back for updates.)
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