Overview

• The Belrise Industries IPO allotment status is being finalized on May 26, with refunds and demat credits slated for May 27.
• The IPO closed on May 23 with an overall subscription of 43.14 times, including 112.63 times in the qualified institutional buyer category.
• Priced at Rs 85-90 per share, the IPO aims to raise Rs 2,150 crore, primarily to reduce the company's debt by Rs 1,618.1 crore.
• The shares are scheduled to debut on the BSE and NSE on May 28, with a grey market premium suggesting a potential listing gain of up to 31.67%.
• Belrise Industries, a Pune-based auto component manufacturer, reported a profit of Rs 245.5 crore for the nine months ending December 2024.