The initial public offering of Belrise Industries closed with a strong subscription on the last day of bidding on May 23. The IPO bidders are now waiting for the share allotment status to be finalised by the company.
The mainboard issue closed with an overall subscription of 43.14 times on Friday. The Qualified institutional Buyers (QIBs) subscribed their quota 108.35 times, while the non-institutional investors (NIIs) booked their quota 38.33 times. The retail portion of the IPO was subscribed 4.27 times.
The IPO price band was fixed at Rs 85-90 per share. The company aims to raise Rs 2,150 crore through the book-building issue. The IPO comprised entirely a fresh issue of 23.89 crore shares.
Following the successful subscription, the company is scheduled to finalise the IPO share allotment status on May 26.
Investors can check the allotment status for the IPO on the websites of MUFG Intime India, BSE and NSE.
Steps to Check Belrise Industries IPO Allotment Status On MUFG Intime India
Visit the IPO allotment page on the official website of the issue registrar, MUFG Intime India (formerly known as Link Intime India), here.
Select 'Belrise Industries Ltd. - IPO' from the drop-down menu for company names. It's important to note that the company name will only appear after finalisation of the share allotment status.
Choose any of these options: PAN, Application Number, DP/Client ID, or Account No / IFSC.
Enter the details as per your selection.
Click on the ‘Submit' button to check the details.
Steps To Check Belrise Industries IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity and SME IPO bid details'.
Select the company symbol ‘BELRISE' from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the Submit button to check the share allotment details.
Steps To Check Belrise Industries IPO Allotment Status On BSE
Go to the BSE IPO allotment status page here.
Select the issue type as 'Equity.'
Choose 'Belrise Industries Ltd.' from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the 'Search' button to view your allotment status.
After finalising the IPO allotment status, Belrise Industries Ltd. is scheduled to process refunds on May 27. The shares will also be credited to the Demat accounts of successful bidders on the same day.
Shares of Belrise Industries Ltd. are scheduled to be listed on the BSE and NSE on May 28.
Belrise IPO GMP Today
The latest grey market premium for the Belrise Industries IPO was Rs 27.5 as of 10:33 am on May 26, according to InvestorGain. This implies shares of the company will likely list at Rs 117.5 apiece, indicating a 30.56% premium to the upper end of the price band.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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