Belrise Industries Share Price Closes At 3% Discount Over Listing Price

Shares of Belrise Industries Ltd. closed on the National Stock Exchange on Wednesday at Rs 97.08 apiece, a discount of 2.92% over the listing price of Rs 100 apiece. The share price on the BSE closed at Rs 97.10, a contraction of 1.42%.

Shares of the company had debuted at a 11% premium on the NSE. Through the day, the share price had risen as high as 13.78% to Rs 102.40 apiece.

Bids were first closed on May 23, when the IPO has been subscribed 41.3 times. Bids were led by institutional investors (108 times), retail investors (4.27 times), non-institutional investors (38.33 times). The offer consisted of an issue of fresh shares worth Rs 2,150 crore.

The company aims to utilise Rs 1,618.1 crore from the offer towards repayment of borrowings and the remaining towards general corporate purposes.

Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., Jefferies India Pvt., and SBI Capital Markets Ltd. were the book-running lead managers for the issue, whereas Link Intime India Pvt. was the registrar.

Belrise Industries is an automotive component manufacturer offering a range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agricultural vehicles.

Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems. The company's products are largely agnostic to vehicle powertrain types, enabling it to serve both electric vehicles and internal combustion engine vehicles.

For the financial year 2024, the company reported revenue from operations of Rs 7,484.2 crore. As of March 31, 2025, the company's debt pile stood at Rs 255.8 crore.