Belrise Industries IPO Allotment Status to Be Finalised on May 26: Check Step by Step Process

Belrise Industries Ltd is poised to conclude the share allotment process for its highly subscribed Initial Public Offering (IPO) on Monday, May 26. The IPO, which was open for subscription from May 21 to May 23, witnessed overwhelming demand across all investor categories.

The ₹2,150-crore mainboard offering attracted significant interest, resulting in an overall subscription of 41.3 times. The IPO was priced in a band of ₹85 to ₹90 per share, indicating strong investor confidence in the company’s future prospects. The stock is tentatively scheduled to debut on the stock exchanges on May 28.

Retail investors oversubscribed their allocated quota by 4.27 times, while Non-Institutional Investors (NIIs) subscribed 38.33 times. The Qualified Institutional Buyers (QIBs) category recorded the most vigorous response, with subscriptions soaring to 108.35 times the reserved portion.

The net proceeds from the Belrise Industries IPO will be primarily utilised to reduce the company’s existing debt and support general corporate initiatives, aligning with Belrise Industries' long-term growth strategy.

Checking Belrise IPO Allotment Status

Applicants eagerly awaiting the allotment outcome can check their status through the BSE, NSE, or the registrar’s portal, MUFG Intime India Pvt Ltd.

How to Check Allotment Status on BSE?

1. Visit the official BSE IPO allotment page.
2. Choose 'Equity' under the issue type.
3. Select ‘Belrise Industries’ from the dropdown list.
4. Enter your PAN or application number.
5. Click on ‘Search’ to view your allotment status.

Through MUFG Intime India Portal

1. Navigate to the IPO status page of MUFG Intime India.
2. Select ‘Belrise Industries’ from the issue list.
3. Provide your PAN, application number, or DP/Client ID.
4. Click ‘Submit’ to view the allotment details.

Applicants may also check their status on the NSE website by entering their PAN and application number.

What Next?

The shares of Belrise Industries will be credited to the Demat accounts of successful applicants on May 27. Refunds for non-allottees will also be initiated on the same day.

Also Read: Upcoming IPOs This Week: 4 Mainboard and 5 SME IPOs to Hit Dalat Street

About Belrise Industries

Belrise Industries is a prominent player in the Indian auto component sector, specialising in the manufacture of safety-critical parts and comprehensive engineering solutions for a broad spectrum of vehicles. Its product portfolio serves two-wheelers, three-wheelers, passenger cars, commercial vehicles, and agricultural machinery.

The company boasts a high-profile client base including leading names like Tata Motors, Mahindra & Mahindra, Royal Enfield, Jaguar Land Rover, Hero MotoCorp, Bajaj Auto, Honda, and VE Commercial Vehicles.

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.