Date: May 28, 2025 Mumbai: Belrise Industries made a solid debut on the Indian stock exchanges today, with its shares listing at a premium following an overwhelming response to its ₹2,150 crore initial public offering (IPO). However, the stock later saw a slight dip, closing the day nearly 6% lower from its opening price.
Strong Debut on NSE and BSE
Shares of Belrise Industries listed at ₹100 on the National Stock Exchange (NSE), which is an 11.11% gain from its IPO price of ₹90. On the Bombay Stock Exchange (BSE), the shares debuted at ₹98.50, reflecting a 9.4% premium.
Post listing, the total market capitalization of the company stood at ₹8,678.10 crore.
Sharp Drop After Initial Gains
While the stock had a strong start, it faced selling pressure during the day. It dropped to an intraday low of ₹92.70 and finally closed at ₹94.01 on May 28. This marked a 5.99% drop from the day’s opening but still a 4.46% gain over the IPO price.
IPO Attracted High Demand
Belrise Industries’ IPO, open from May 21 to May 23, received an impressive overall subscription of 41.30 times, reflecting strong investor interest. Notably, high-net-worth individuals (HNIs) oversubscribed their portion by 10.41 times, while the retail segment was subscribed 1.64 times.
Qualified institutional buyers (QIBs), however, showed less enthusiasm, subscribing to only 0.73 times of their allotted portion.
The IPO did not include any offer-for-sale (OFS) and consisted entirely of a fresh issue of equity shares. The price band was set between ₹85 and ₹90.
Retail Investors Reap Listing Gains
Retail investors who received allotments enjoyed decent profits on the listing day. Based on a lot size of 166 shares, gains stood at approximately ₹1,411 per lot on BSE and ₹1,666 on NSE.
Grey Market Premium (GMP) Supported Sentiment
Ahead of the listing, Belrise shares were commanding a 25% premium in the grey market, signaling strong investor expectations. The company also raised ₹645 crore from anchor investors, adding credibility and trust to the IPO.
Focus on Growth and EV Expansion
Belrise Industries is known for its strength in process engineering and manufacturing excellence. The company has been actively working to increase its content per vehicle and is expanding into fast-growing sectors like electric vehicles (EVs), four-wheelers, and commercial vehicles.
Despite the slight post-listing decline, market experts believe the long-term outlook for the company remains positive, especially given its focus on innovation and EV opportunities.
Buy, Sell, or Hold: What Should Investors Do?
Sell: Investors who made profits on listing day and want to book short-term gains may choose to sell now. However, the recent dip already reduced some of the immediate returns.
Hold: If you believe in the company’s future – especially its growth in the EV sector – holding could be a smart long-term move. The fundamentals look strong and the post-listing dip is not alarming.
Buy: New investors looking to enter may consider buying if the price stabilizes around the ₹90–₹94 level. It may present a good entry point before the next growth phase, especially if the company continues to deliver strong performance.