Upcoming IPO | Belrise Industries' Rs 2,150-crore issue set to hit Street today: Issue price, bidding dates, other key things to know
Belrise Industries IPO News: Pune-based Belrise Industries' initial public offer (IPO), comprising fresh issuance to the tune of Rs 2,150 crore, is set to hit Dalal Street on Wednesday, May 21. Belrise produces a wide array of products used in the automotive industry. Read on to learn about the upcoming IPO's issue price, bidding dates, tentative listing date, and other key things.
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08:20 AM IST
Belrise Industries IPO News, Upcoming IPOs: Pune, Maharashtra-headquartered Belrise Industries is set to launch an initial public offer (IPO) on Wednesday, May 21. The IPO will comprise fresh issuance worth almost Rs 2,150 crore. If successful, the Belrise Industries IPO will lead to the listing of the company's stock on exchanges BSE and NSE.
Belrise Industries' is one of the two mainboard IPOs due this week. These public offers are headed to Dalal Street after a gap of roughly three weeks.
Here are key things to know about the upcoming Belrise Industries IPO:
Belrise Industries IPO to hit Street Soon | Important dates & timings
The IPO will open for subscription on May 21 and close on May 23.
Bidding will be available during normal IPO hours, from 10 am to 5 pm on the three trading days.
The Belrise IPO will undergo allotment tentatively on May 26.
The listing of Belrise Industries shares on the stock exchanges is likely tentatively on Wednesday, May 28.
ALSO READ: NSE denies seeking government's intervention for its IPO
Belrise IPO | Issue price & lot size
Under the three-day IPO window, Belrise Industries shares will be available for bidding in a price range of Rs 85-90 per equity share, in multiples of 166 shares.
At the given price band, the lot size of 166 equity shares translates to Rs 14,110-14,940 per lot.
Belrise Industries Share Sale | Reservation
While 50 per cent of the issue is reserved for qualified institutional buyers (QIBs), 35 per cent is reserved for retail investors and 15 per cent for non-institutional investors (high-net worth individuals), according to the offer documents.
Belrise Industries company profile
Headquartered in Pune, Belrise Industries manufactures a wide array of safety-critical products used in the automotive industry, including automotive sheet metal and casting parts, polymer components, suspension and mirror systems.
Its products are used in a range of auto segments, including two-, three- and four-wheelers.
Belrise Industries Public Offer | One of the 2 mainboard IPO in 3 weeks
Prior to the Belrise and Borana Weaves issues, the last mainboard IPO on Dalal Street was Ather Energy's, which concluded on April 30.
The Rs 2,981-crore public offer of Ather Energy registered a total subscription of 1.5 times the equity on offer, with the QIB, NII and RII portions booked 1.8 times, 70 per cent and 1.9 times, respectively, according to exchange data.
It has been a relatively muted year for IPOs on Dalal Street, with 11 mainboard and 36 SME IPOs so far in comparison to 90 mainboard and 68 SME IPOs in 2024.
Meanwhile, the headline index Nifty50 is still about 5.0 per cent below its all-time high of late September, denting the sheen of the IPO market.
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