The much-awaited Belrise Industries IPO allotment result is finally around the corner. After a solid investor response during the IPO bidding window, applicants are now eagerly waiting to find out if they have been allotted shares. With an impressive oversubscription and steady GMP (grey market premium), all eyes are on the final allotment status.
Belrise Industries IPO Allotment Date
The Belrise Industries IPO allotment is expected to be finalized on Monday, May 26, 2025. Once the allotment is confirmed, investors will receive email or SMS updates from their brokers or banks. Refunds for those who don’t get allotment will start rolling out from Tuesday, May 27, and shares will reflect in demat accounts by Wednesday, May 28 — the expected listing day.
Investor Response: A Mega Hit
Belrise Industries, based in Pune and formerly known as Badve Engineering, opened its IPO for public subscription from May 21 to May 23. The company aimed to raise ₹2,150 crore through a complete fresh issue of 23.88 crore equity shares, priced between ₹85–₹90 per share.
And the response? Massive.
The IPO was subscribed an overall 41.30 times, with nearly 25.35 lakh applications received across investor categories. Here's how the different investor classes responded:
- Qualified Institutional Buyers (QIBs): Subscribed 108.35 times
- Non-Institutional Investors (NIIs): Subscribed 38.33 times
- Retail Investors: Subscribed 4.27 times
Odds of Getting the IPO Allotment
Given the high demand, many investors are anxious about their chances of getting shares. Based on the data, here's an estimated probability matrix for different categories:
- Big HNIs: 1 out of 10 applicants may get 2,324 shares (10% chance)
- Small HNIs: 1 out of 25 applicants may get 2,324 shares (4% chance)
- Retail Investors: 1 out of 4 applicants may get 166 shares (25% chance)
Retail investors have the best odds this time, which is not very common in highly subscribed IPOs.
How to Check Belrise Industries IPO Allotment Status?
Once the Belrise Industries IPO allotment process is done, investors can check their status in two simple ways — either via the BSE website or through the registrar Link Intime’s portal.
Option 1: Check on BSE Website
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Choose ‘Equity’ as issue type.
- Select ‘Belrise Industries Ltd’ in the dropdown list.
- Enter your application number and PAN.
- Click ‘I’m not a robot’ and then hit Submit.
Option 2: Check via Registrar (Link Intime)
- Go to: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- Pick 'Belrise Industries' from the dropdown (once allotment is finalized).
- Select your search method — Application No, Demat Account, or PAN.
- Choose ASBA or non-ASBA as your application type.
- Fill in the details and complete the captcha.
- Hit Submit.
Today's Belrise Industries IPO GMP
The grey market premium (GMP) is currently showing strength. As of the latest update, the GMP for Belrise Industries is around ₹26 per share. That means the expected listing price could hover around ₹116 — nearly 29% higher than the upper IPO price of ₹90.
Earlier during the bidding days, the GMP had dipped to around ₹17, but strong demand from institutional investors has driven it up again. This rise in GMP indicates high chances of a strong debut on the stock exchanges.
What Does a Strong GMP Signal?
GMP, though unofficial, is often a reliable indicator of market mood. A steady rise in GMP shows investors are willing to pay a higher price than the issue price — a sign of expected listing gains. It reflects both confidence in the company and optimism about short-term profits.
About Belrise Industries
Belrise Industries is an automotive parts manufacturer with a long history. Founded in 1988 and based in Waluj, Maharashtra, the company makes metal, plastic, and suspension parts for two-wheelers, three-wheelers, and four-wheelers.
Its clients include big auto brands in India and abroad, and the IPO funds will help the company expand operations, reduce debt, and support working capital needs.
Book Running Lead Managers
The IPO was managed by top names in the finance world:
- Axis Capital
- HSBC Securities & Capital Markets
- Jefferies India
- SBI Capital Markets
Link Intime (MUFG Intime India Private Ltd) acted as the registrar.
Key Dates for Belrise Industries IPO
| Event | Date |
|---|---|
| IPO Open Date | May 21, 2025 |
| IPO Close Date | May 23, 2025 |
| Allotment Finalization | May 26, 2025 |
| Refunds Begin | May 27, 2025 |
| Shares Credited to Demat | May 28, 2025 |
| Listing Date (Tentative) | May 28, 2025 |
The wait for the Belrise Industries IPO allotment is almost over. With a decent chance of allotment for retail investors and a promising GMP, this IPO has certainly caught the attention of both small and big investors.
For those lucky enough to get shares, May 28 could bring good news. And for those who miss out, refunds will be processed quickly — so your funds won’t stay locked in.