Belrise Industries IPO, one of the anticipated upcoming IPOs, opened for subscription on May 21, 2025, and closed on May 23, 2025.
The company finalised share allotments yesterday, May 26. Successful bidders can expect the shares to be credited to their demat accounts on Tuesday, May 27, 2025. Those who did not receive an allotment will likely receive refunds on the same day.
The Belrise Industries share is expected to be listed on the BSE and NSE on Wednesday, May 28, 2025.
This IPO is a bookbuilding issue amounting to ₹2,150.00 crores, comprising a fresh issue of 23.89 crore shares.
The price band for the Belrise Industries IPO was set at ₹90 per share, with a minimum application lot size of 166 shares, requiring retail investors to invest at least ₹14,110. MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
The company intends to utilise the net proceeds from the fresh issue for the repayment or prepayment of certain borrowings availed by the company and for general corporate purposes.
On Day 3, May 23, 2025, the Belrise Industries IPO subscribed 43.14 times. The public issue was subscribed 4.52 times in the retail category, 112.63 times in the Qualified Institutional Buyers (QIB) category, and 40.58 times in the Non-Institutional Investors (NII) category.
Belrise Industries IPO was of a total of 23,88,88,888 shares. Out of which 4,77,77,779 (20.00%) allocated to QIB, 3,58,33,333 (15.00%) allocated to NII, 8,36,11,111 (35.00%) allocated to RII and 7,16,66,665 (30.00%) allocated to Anchor investors.
The response to the Belrise Industries IPO, especially from institutional investors, reflects market confidence in the company’s fundamentals and growth outlook. It is going to be listed on May 28, 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 27, 2025, 10:50 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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