Mumbai: Belrise Industries Ltd will finalise its IPO allotment on Monday, May 26. The IPO was open from May 21 to May 23. The issue was priced in the Rs 85-Rs 90 per share range. It saw strong demand from investors in all categories.
The Rs 2,150 crore IPO was subscribed 41.3 times overall. Retail investors subscribed 4.27 times their quota. Non-Institutional Investors (NIIs) subscribed 38.33 times. Qualified Institutional Buyers (QIBs) subscribed the most, at 108.35 times.
Listing Date and Share Credit
The shares of Belrise Industries are expected to list on the stock exchanges on Tuesday, May 28. Those who get allotments will receive shares in their Demat accounts on May 27. Refunds will also be processed the same day for those who do not get allotments.
How to Check Allotment Status
On BSE Website:
- Go to the BSE IPO allotment page
- Choose ‘Equity’ as issue type
- Select ‘Belrise Industries’ from the list
- Enter your PAN or application number
- Click ‘Search’ to view your allotment status
On MUFG Intime India Website (Registrar)
- Visit MUFG Intime India’s IPO status page
- Select ‘Belrise Industries’
- Enter your PAN, application number, or DP/Client ID
- Click ‘Submit’ to view status
On NSE Website
You can also check on the NSE IPO page using your PAN and application number.
Purpose of the IPO
Belrise Industries will use the money from the IPO to reduce its debts. A part of the funds will also go towards general corporate needs.
About Belrise Industries
Belrise Industries is a well-known company in the auto parts sector. It makes safety-related systems and engineering parts for vehicles. The company supplies parts to many top brands like Tata Motors, Mahindra, Honda, Hero, Royal Enfield, and Jaguar Land Rover.
Belrise serves a wide range of vehicles—two-wheelers, three-wheelers, four-wheelers, commercial, and agricultural vehicles.
