May 27, 2024
New Delhi, India
Belrise Industries IPO Allotment
The allotment for Belrise Industries IPO has been finalised today, May 26. After a strong subscription phase, all eyes are now on the IPO allotment status and the potential market debut of the automotive component manufacturer.
The IPO, which opened on May 21 and closed on May 22, saw a robust subscription of 41.30 times, with QIBs leading the charge at 108.35 times, followed by NIIs at 38.33 times and retail investors at 4.27 times. The company aims to raise ₹2,150 crore through a fresh issue of 23.89 crore equity shares, priced at ₹90 apiece.
How to Check Belrise IPO Allotment Status Online
Investors can check their allotment status via the BSE website, NSE portal, or the registrar’s official website, which is MUFG Intime India (formerly Link Intime).
✅ On BSE:
Select ‘Equity’ under Issue Type
Choose ‘Belrise Industries Limited’ from the dropdown
Enter your Application No. or PAN
Complete the CAPTCHA and click ‘Search’
✅ On MUFG Intime India (Registrar):
Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Select ‘Belrise Industries Limited’ under Select Company
Choose from PAN, App. No., or DP ID/Client ID
Enter details and click ‘Search’
Eligible applicants will soon receive shares in their demat accounts, while refunds for unsuccessful applicants will be processed accordingly.
Belrise IPO GMP Today: ₹28 Premium
Market sentiment around Belrise remains upbeat, with a Grey Market Premium (GMP) of ₹28 per share reported today. This implies an expected listing price of ₹118, reflecting a 31% premium over the IPO price of ₹90.
Listing Date and Market Outlook
Shares of Belrise Industries are set to list on both BSE and NSE on May 28. The rising GMP and strong institutional demand suggest a potentially positive debut on Dalal Street.
The IPO was managed by Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets, while MUFG Intime India acted as the registrar.
Disclaimer:
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