Belrise Industries IPO: Subscribed By 2.88x On Day 2; Check Latest GMP, Allotment & Listing Dates; Bid Or Not

Belrise Industries IPO fully subscribed by the end of Day 2 on Thursday, driven by strong buying from non-institutional investors (NIIs) and retail individuals. The latest grey market premium (GMP) of Belrise signalled nearly 26% premium listing next week.

Belrise Industries IPO Subscription Status:

As per NSE data, Belrise Industries IPO received bids of 51,08,09,888 equity shares on May 22nd, registering 2.88x subscription compared with the offered size of 17,70,58,824 equity shares.

The portion of NIIs oversubscribed by 8.96x, while Retail Individual Investors(RIIs) category fully subscribed by 1.54x. However, the qualified institutional buyers (QIBs) portion subscribed by 0.69% of the total reserved size.

Belrise IPO opened for subscription on May 21st, and will be available till May 23rd. The price band is fixed from RS 85 to Rs 90 per share. The bid lot size is 166 Equity Shares and in multiples thereof. The IPO is 100% book building.

Should You Bid For The IPO On May 23?

According to Gaurav Garg, Lemonn Markets Desk, Belrise Industries presents a compelling IPO opportunity, backed by strong fundamentals and a leadership position in the automotive components space. The company's strategic focus on EV components, combined with its extensive OEM partnerships and integrated manufacturing, positions it well for sustained growth.

Garg's note added, the substantial debt repayment through IPO proceeds is expected to enhance profitability and improve cash flows, offering valuation comfort at a forward P/E of 16x. While investor attention is warranted on related-party transactions and customer concentration, the long-term growth potential and diversification into future-ready segments make Belrise an attractive bet for medium- to long-term investors.

Meanwhile, Choice Broking's note said, at higher price band, BIL is demanding a TTM P/E multiple of 29.5x and EV/Sales of 1.1x, which is at discount to the peer average. While the company has demonstrated growth in both revenue and net profit, its margins have come under pressure. To address this, BIL is focused on increasing its content per vehicle, which is expected to enhance profitability. Additionally, the planned debt repayment is likely to contribute further to margin improvement. The company's recent acquisition is expected to enhance its product offerings and drive sales growth, contributing positively to its overall business performance. Thus, we recommend a "SUBSCRIBE" rating for the issue.

Compared to its peers, Choice Broking's note said, BIL is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for 2W, 3W, 4W, commercial vehicles and agri-vehicles. The company is one of the top three companies with a market share of 24% in the overall two-wheeler metal components segment in India as of March 31, 2024, in terms of revenue. Driven by rising product sales and increasing international presence, BIL has demonstrated strong growth in revenue

Belrise Industries IPO GMP:

As per Investor Grain, Belrise Industries IPO last GMP is at Rs 23, last updated May 22nd 2025 10:37 PM. With the price band of 90.00, Belrise Industries IPO's estimated listing price is Rs 113 (cap price + today's GMP).The expected percentage gain/loss per share is 25.56%.

Belrise Industries IPO Allotment Date:

Tentatively, the allotment status date is fixed on May 26, where the company will identify eligible shareholders. The initial of refunds and credit of shares will take place on May 27.

Belrise Industries IPO Listing Date:

The IPO is likely to list on May 28 on BSE and NSE.

Belrise Industries Ltd. (BIL), an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.