Belrise Industries IPO allotment to be finalised today: Here’s how to check status, GMP and listing date

The allotment for Belrise Industries’ initial public offering (IPO) is expected to be finalised today, May 26. Investors who applied during the subscription window from May 21 to May 23 can check their allotment status via the registrar MUFG Intime India or on the BSE website.

The IPO received an overwhelming response, with an overall subscription of 43.14 times. The retail portion was subscribed 4.52 times, the NII (HNI) category saw 40.58 times subscription, while the QIB segment was subscribed 112.63 times.

How to Check Belrise Industries IPO Allotment on BSE:

Visit the BSE website: https://www.bseindia.com/investors/appli_check.aspxSelect ‘Equity’ and choose ‘Belrise Industries’ from the dropdown menu

Enter your application number or PAN

Click ‘Search’ to view the allotment status

Checking Allotment on MUFG Intime:

Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Select ‘Belrise Industries IPO’

Enter your PAN, application number, or client ID

Click ‘Submit’ to check your status

GMP and listing outlook:

As of the last update, the grey market premium (GMP) for Belrise Industries IPO was around Rs 26-27, indicating a listing gain of 29%.

Belrise IPO key dates

The IPO opened for subscription on May 21, and will close on May 23. The share allotment is scheduled for May 26, while the stock’s listing is expected on May 28.

About Belrise Industries

Belrise Industries is a prominent manufacturer of safety-critical automotive components. The company specializes in producing metal chassis systems, polymer parts, suspension systems, and exhaust solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.

Its customer portfolio features leading automotive brands such as Bajaj Auto, Honda, Hero MotoCorp, Royal Enfield, Jaguar Land Rover, Tata Motors, and Mahindra. As of June 2024, Belrise caters to 27 OEMs globally and operates 15 manufacturing facilities spread across nine Indian cities.

In FY24, the company reported revenue of Rs 7,555 crore and a profit after tax of Rs 352.7 crore. With its strong financial performance, well-established client base, and emphasis on EV-agnostic components, analysts believe the IPO is likely to attract significant interest from a broad spectrum of investors.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)