Belrise Industries IPO Day 2: Auto component manufacturer Belrise Industries Limited, which holds a 24 per cent market share catering to both traditional and electric vehicles, opened its share sale window on Wednesday, May 21. The IPO will close on May 23.
On the second day of the bidding process, the issue was fully subscribed, receiving bids for 139 per cent or 24,65,77,894 shares against 17,70,58,824 shares.
The firm aims to raise Rs 2,150 crore from the capital market through the issuance of approximately 23.89 crore fresh equity shares. This is a pure fresh issue, as neither the promoters nor the existing investors are offloading their shares via an Offer for Sale (OFS).
Should you apply for the IPO?
Zee Business Managing Editor Anil Singhvi has recommended subscribing to the IPO for reasonable listing gains and suggests holding the stock for the long term.
He highlights several positives, including a strong promoter background, a leadership position in the two-wheeler segment, a diversified portfolio across multiple locations, and a robust growth outlook.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
