📊 Belrise Industries Listing Highlights 📈

🔹 Debut Day Gains:

• Listed at ₹100 on BSE ➡️ +11.11% over issue price of ₹90
• Listed at ₹98.50 on NSE ➡️ +9.44% gain

🔹 Missed Expectations:

• Grey Market Premium (GMP) projected 21–23%
• Actual listing premium fell short

🔹 IPO Details:

• Price band: ₹85–₹90
• Raised ₹2,150 crore via public issue
• IPO subscription: 41.3x overall
  • QIBs: 108.35x
  • NIIs: 38.33x
  • Retail: 4.22x

🔹 Grey Market Buzz:

• GMP peaked at ₹28 ahead of listing
• High demand led to ₹65,920 crore worth of bids

🔹 About Belrise:

• Auto component maker from Maharashtra
• Supplies to 2W, 3W & 4W segments
• Products: Sheet metal, plastics, casting parts, mirrors, suspension systems

🔹 IPO Managers:

• Lead Bookrunners: SBI Caps, HSBC, Axis Capital, Jefferies
• Registrar: MUFG Intime India

🔸 Bottom Line: Positive debut, but underwhelming vs. hype 💸