Overview

• Belrise Industries' ₹2,150 crore IPO, entirely a fresh equity issue, closed with an overall subscription of six times on May 23, 2025.
• Non-institutional investors led the demand, subscribing 23.24 times their quota, while retail investors and qualified institutional buyers subscribed 2.75 and 1.75 times, respectively.
• The grey market premium of ₹23 suggests a potential listing price of ₹113 per share, translating to an estimated 25.56% gain over the upper price band of ₹90.
• Proceeds will primarily be used to repay ₹1,618 crore in debt, with the remainder allocated for general corporate purposes.
• Share allotment is scheduled for May 26, with demat credits on May 27 and listing on the BSE and NSE on May 28, 2025.