Robust Demand from Non-Institutional Investors

Investor participation has been led by non-institutional investors (NIIs), who oversubscribed their allocated quota by 10.40 times, demonstrating high demand from high-net-worth individuals and seasoned market players. Retail investors followed closely, subscribing 2.35 times, while qualified institutional buyers (QIBs) have bid 0.80 times so far.

Belrise Industries IPO Details: Price Band, Lot Size, and Investment Limits

• IPO Type: 100% Fresh Issue (No OFS)
• Price Band: ₹85 – ₹90 per share
• Lot Size: 166 shares
• Minimum Investment: ₹14,940 (1 lot)
• Maximum Retail Investment: ₹1,94,220 (13 lots)

The IPO structure aims to raise capital to repay outstanding borrowings and support general corporate initiatives.

Strong Grey Market Premium (GMP)

Belrise Industries is generating buzz in the grey market. As of today, its shares are trading at ₹113, indicating a GMP of ₹23 or 25.56% over the upper IPO price of ₹90. This suggests a potentially strong listing and positive investor sentiment ahead of its stock market debut.

Brokerages Back the IPO

Major brokerage firms have given the IPO a thumbs-up, encouraging investors to subscribe:

• ICICI Securities: Subscribe
• Choice Broking: Subscribe
• Anand Rathi Research: Subscribe for Long Term

The positive outlook stems from Belrise’s industry position, strong financials, and future growth trajectory.

Key Dates: Allotment, Listing & Refunds

• IPO Close Date: May 23, 2025
• Basis of Allotment: May 26, 2025
• Demat Credit: May 27, 2025
• Listing on BSE/NSE: May 28, 2025

Investors can expect allotment details early next week, followed by listing shortly thereafter.

About Belrise Industries

Belrise Industries is a prominent automotive component manufacturer, known for its precision engineering in critical safety parts for two-, three-, and four-wheelers, including electric and internal combustion vehicles. With a 24% market share in the two-wheeler metal component segment (FY24), the company offers a wide product portfolio, including:

• Chassis systems
• Polymer and suspension components
• BIW structures
• Exhaust systems

IPO Lead Managers & Registrar

• Book Running Lead Managers:
  • Axis Capital
  • HSBC Securities and Capital Markets (India)
  • Jefferies India
  • SBI Capital Markets
• Registrar: MUFG InTime India (formerly Link InTime)

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