Belrise Industries IPO Subscribed 6.88x on Final Day: Check Live GMP, Will It List With Big Gains?

After grabbing a huge chunk of investor attention, Belrise Industries IPO has entered the final day of bidding on Friday, May 23rd, where this mainboard IPO seems promising ahead of its listing. The Rs. 2,150 crore public issue has been subscribed to 6.88 times overall by midday, according to stock exchange data. The Belrise Industries IPO is entirely a fresh issue of 23.89 crore equity shares.

Belrise Industries IPO Subscription Status on Day 3

Investor interest has been strong across all categories. As per the latest data, so far today the Qualified Institutional Buyers (QIB) segment was subscribed to 1.86 times, while the Non-Institutional Investors (NII) portion saw a massive 23.24 times subscription. Within the NII category, the small NII (SNII) segment was subscribed to 14.84x, and the big NII (BNII) segment saw 27.44x subscriptions. The Retail Individual Investor (RII) category was also active, subscribing 2.74x of the reserved portion. Overall, the Belrise Industries IPO has created a lot of buzz in the market ever since the subscription window opened for investors.

Belrise Industries IPO GMP Today, As of May 23rd

According to data from Investorgain, the Belrise Industries IPO GMP (Grey Market Premium) stands at Rs. 24 today. With the IPO price at Rs.90, the estimated listing price could be around Rs. 114 per share, with a potential listing gain of approximately 26.67%.

Belrise Industries IPO Details

Price Band and Lot Size

The price band for the Belrise Industries IPO is fixed at Rs. 90 per share. The lot size is 166 shares, making the minimum investment for retail investors Rs.14,110. The IPO has no offer-for-sale component, and all shares are fresh equity, which may lead to less selling pressure post-listing.

Allotment Date and Listing Schedule

The Belrise IPO allotment date is expected to be May 26, 2025. Refunds for unallocated investors will begin on May 27, and shares are likely to be listed on the NSE and BSE on May 28, 2025, as per the tentative timeline.

What do brokerages say? Should You Apply for Belrise Industries IPO or Not?

The Belrise Industries IPO has received a largely positive response from leading broking firms and market analysts. A majority of the institutions have recommended a 'Subscribe' rating, which includes ICICI Direct, Geojit Securities, BP Equities, Canara Bank Securities, Marwadi Shares and Finance, Choice Equity Broking, Hem Securities, and Ventura Securities have all given a clear 'Subscribe' call, stating positive GMP and solid fundamentals of the company.

Meanwhile, a few brokerages, such as Anand Rathi and Mehta Equities, have taken a more cautious approach, issuing a 'May Apply' recommendation. On the other hand, Axis Capital, Capital Market, Ajcon Global, and SBICAP Securities have adopted a neutral stance on the IPO.

About Belrise Industries Limited

Belrise Industries Limited operates in the auto components industry and was formerly known as Badve Engineering Limited, established in 1988. Headquartered in Pune, Maharashtra, the company specialises in producing a wide range of components for two-wheelers, three-wheelers, and four-wheelers, including passenger and commercial vehicles. It supplies key parts to 27 global OEMs, including renowned clients like Tata Motors, Honda, and Bajaj Auto. The company reported FY24 turnover of Rs 7,555 crore and a net profit of Rs 352.7 crore, showcasing healthy financial performance. The company's product portfolio includes metal processing, polymer processing, surface treatment, mirror systems, suspension systems, foundry operations, home appliances, security hardware, e-mobility components, and even floriculture.