Belrise Industries Finalizes IPO Share Allocation Today: Know the Steps
After receiving many investor applications during the subscription period, Belrise Industries Limited will share the number of shares it is offering in its IPO today. During May 21-23, the IPO for the automotive components manufacturer’s mainboard attracted record-breaking demand from all types of investors. The country’s issue valued at ₹2,150 crores was oversubscribed 41.3 times, which proves that investors have a lot of confidence.
Shares for the IPO were offered at a price of ₹85-90, and most investor groups demonstrated different interest levels in the issue. The most enthusiasm came from Qualified Institutional Buyers, who subscribed 108.35 times more than their allocation, while Non-Institutional Buyers did 38.33 times. 608 nonsponsoring shareholders subscribed for 4.27 times what they had signed up for.
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How to Check the Belrise IPO Allotment Status
Investors can verify their share allocation through multiple online platforms using these simple steps:
Via BSE Website:
- Navigate to BSE’s official IPO allotment page
- Select ‘Equity’ from the issue type dropdown
- Choose ‘Belrise Industries’ from the company list
- Input your PAN number or application reference
- Click ‘Search’ to view allocation results
Via MUFG Intime India Portal:
- Access the registrar’s IPO status webpage
- Select ‘Belrise Industries’ from the available options
- Enter PAN, application number, or DP/Client ID
- Press ‘Submit’ to check your allocation status
Traders who have won will see shares added to their Demat accounts on May 27, and those who have lost will receive their refunds then as well. Shares in the company will start trading on stock exchanges on May 28. Belrize Industries works with the brands Bajaj, Honda, Hero, and Tata Motors, supplying important safety parts for various vehicles.
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