Upcoming IPO | Rs 21.5 crore for Belrise Industries, coming to the streets: Issuance price, bid date, other key things to know
Belrise Industries IPO News, upcoming IPO: Pune, Maharashtra headquarters Belrise Industries will launch its initial public offer (IPO) on Wednesday, May 21. The IPO will include a new offering worth nearly Rs 215 billion. If successful, the Belrise Industries IPO will lead to the company's listing on exchanges and NSE exchanges.
Belrise Industries is one of two motherboard IPOs to be held this week. In about three weeks, these public offers will head to Dalar Street.
Here is the key information about the upcoming Belrise Industries IPO:
Belrise Industries IPO is about to arrive at the street | Important dates and times
The IPO will open for subscriptions on May 21 and close on May 23.
During normal IPO hours, bids will be held from 10 a.m. to 5 p.m. on three trading days.
The Belrise IPO will be temporarily allocated on May 26.
Belrise Industries' stock listing on the stock exchange may be temporarily held on Wednesday, May 28.
Also Read: NSE Denied Seeking Government IPO Intervention
Belrise IPO | Issuance price and batch size
Belrise Industries shares have a price range of Rs 85-90 per share in the three-day IPO window.
Within a given price range, the parcel size of 166 shares is Rs 14,110-14,940 per lot.
Belrise IndustriesShare Sales |Pre-order
While the issue is reserved for qualified institutional buyers (QIBs), retail investors retained 35% while non-institutional investors (high network value individuals) retained 15%.
Belrise Industries Company Profile
Based in Pune, Belrise Industries produces a wide range of safety-critical products used in the automotive industry, including automotive sheet metal and casting parts, polymer components, suspension and mirroring systems.
Its products are used in a range of automatic segments, including two-wheel, four-wheel and four-wheel motorcycles.
Belrise Industries Public Quotation | One of 2 Motherboard IPOs in 3 Weeks
Before the upcoming Belrise and Borana braiding issues, the last motherboard IPO on Dalal Street was Ather Energy's, which ended on April 30.
According to Exchange data, QIB, NII and RII shares were booked 1.8 times, 70% and 1.9 times respectively, with Ather Energy’s public offer of Rs 2,981 crore.
It has been a relatively heavy year for the Dalal Street IPO, compared with 90 motherboards in 2024, there are 11 motherboards and 36 SME IPOs so far, compared with 68 SME IPOs.
Meanwhile, the title index Nifty50 is still about 5.0% higher than its all-time high in late September, which puts the gloss of the IPO market on the gloss.
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