Wed May 28 13:00:00 UTC 2025: **Belrise Industries Set for Strong Market Debut After Oversubscribed IPO**

**Mumbai, May 28, 2024** – Shares of Belrise Industries are poised to begin trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, following a highly successful Initial Public Offering (IPO) that closed last week. The ₹2,150-crore IPO, which ran from May 21 to May 23, was met with enthusiastic investor demand, subscribing 41.30 times overall.

The IPO allotment finalized on May 27, setting the stage for today’s listing. Market analysts anticipate a strong debut, fueled by positive grey market premium (GMP) trends and robust subscription numbers. The current GMP indicates that Belrise shares are trading at a ₹24 premium over the issue price of ₹90, suggesting a potential listing price of ₹114 per share – a 25% increase.

“The anticipated listing price for Belrise Industries is around 20-25% premium over the issue price of ₹90,” stated Mahesh M. Ojha, AVP at Hensex Securities Pvt Ltd., citing the company’s diverse product portfolio, focus on EV and commercial vehicle segments, and OEM partnerships as key drivers of investor interest.

Prashanth Tapse of Mehta Equities Ltd. echoed this sentiment, projecting a similar 20%-25% listing premium, supported by the strong subscription figures and the company’s solid fundamentals. He also highlighted Belrise’s market leadership in the two-wheeler metal components segment and its consistent revenue growth as factors contributing to its investment appeal.

Belrise Industries IPO witnessed substantial interest across investor categories, with subscriptions reaching 4.27 times in the retail category, 108.35 times for Qualified Institutional Buyers (QIBs), and 38.33 times for Non-Institutional Investors (NIIs).

Axis Capital, HSBC Securities & Capital Markets Pvt Ltd, Jefferies India, and SBI Capital Markets served as the book running lead managers for the IPO, while Link Intime India Private Ltd acted as the registrar. Investors will be closely watching the market open to see if Belrise Industries lives up to the pre-listing hype.

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