Belrise Industries Ltd. News, Corporate filings and Earnings/Conference Calls

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Item: Belrise Industries Ltd.
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Author: Hem Securities

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Belrise Industries Ltd.

23 May 2025

159.10

1.04%

Belrise Industries IPO subscribed 41.3 times on last day of offer

Business Standard

The initial public offer of automotive components maker Belrise Industries got subscribed 41.30 times on the closing day of bidding on Friday, helped by encouraging participation from institutional buyers. The Rs 2,150-crore initial share sale received bids for 7,31,30,36,542 shares against 17,70,58,824 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) received 108.35 times subscription while the quota for non-institutional investors got subscribed 38.33 times. The portion for Retail Individual Investors (RIIs) fetched 4.27 times subscription. Belrise Industries on Tuesday garnered Rs 645 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The issue has a price band of Rs 85-90 per share. Going by the prospectus, the company intends to utilise proceeds worth Rs 1,618 crore for the payment of debt.