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The Belrise Industries IPO opened for subscription on May 21, 2025, and will remain open until May 23, 2025. Investors can apply during this period to buy shares. The basis of allotment, which determines how many shares each applicant will receive, is expected to be finalized by May 26, 2025.
About the Belrise Industries IPO
Belrise Industries is raising ₹2,150 crores through this IPO. This is a book-built issue, meaning the price of the shares will be decided based on investor demand within a specified price band. The company is issuing 23.89 crore fresh shares to investors.
For retail investors, the minimum amount needed to apply is ₹14,940. This makes it accessible for everyday investors who want to participate in the company’s growth.
Key Managers and Registrar
The IPO is managed by top financial institutions including:
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
The registrar handling the application process is Link Intime India Private Limited.
Belrise Industries IPO Subscription Status: Day 1 & Day 2 Updates
Let’s take a look at how the IPO subscription progressed on the first two days:
| Investor Category | Day 1 (May 21, 2025) | Day 2 (May 22, 2025) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 0.44 times | 0.42 times |
| Non-Institutional Investors (NIIs) | 1.53 times | 2.46 times |
| Retail Individual Investors (RIIs) | 0.52 times | 0.65 times |
| Total Subscription | 0.71 times | 0.97 times |
- QIBs are large investors like mutual funds and insurance companies.
- NIIs include high-net-worth individuals and other non-retail investors.
- RIIs are regular retail investors.
As of Day 2, the IPO is almost fully subscribed, showing strong interest from all categories, especially non-institutional investors.
How Will Belrise Industries Use the IPO Money?
The money raised from this fresh share issue will be used mainly for two purposes:
- To repay the company’s existing loans and borrowings, which will help reduce debt.
- To fund general corporate purposes, which could include business expansion, working capital, or other company needs.
Belrise Industries IPO Grey Market Premium (GMP)
The GMP is the price at which shares are unofficially traded before they get listed on the stock exchange. As of May 22, 2025, the GMP for Belrise Industries shares is around ₹14 above the upper price band.
This means investors expect the shares to list with a potential gain of about 15.56% on the very first day, which is a positive sign for IPO investors.
About Belrise Industries
Belrise Industries is a company that manufactures a wide variety of safety systems and engineering components used in vehicles. Their products include:
- Metal chassis systems
- Polymer components
- Suspension systems
- Body-in-white components (vehicle structural parts)
- Exhaust systems
These parts are supplied for various types of vehicles such as two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.
Conclusion
The Belrise Industries IPO is gaining attention with nearly full subscription on its second day. The company’s strong product range and clear use of funds make it an attractive opportunity for investors. If you plan to invest, keep track of the subscription status, GMP, and final allotment results, and consider your investment goals carefully.
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