Overview

• The IPO was oversubscribed 41.3 times overall, with qualified institutional bidders at 108.35 times, non-institutional investors at 38.33 times and retail investors at 4.22 times
• Belrise raised ₹2,150 crore through a fresh issue of 23.89 crore shares, allocating ₹1,618.1 crore towards debt repayment and the rest to corporate purposes
• Shares listed on May 28 at ₹100 on the NSE (11.11% above the ₹90 issue price) and at ₹98.50 on the BSE (9.44% premium) but fell below their listing levels by the close
• The stock closed at ₹97.08 on the NSE (2.92% below its listing price) and ₹97.10 on the BSE (1.42% below) after peaking intraday at ₹102.40 on the NSE
• Combined trading turnover reached about ₹2,130 crore, nearly matching the IPO size and reflecting robust secondary-market activity