Belrise Industries Makes Strong Market Debut: Lists at ?100 on NSE, ?98.5 on BSE
Belrise Industries, the Maharashtra-based automotive component manufacturing company, made its stock market debut today. The shares listed at ?100 on the NSE and ?98.5 on the BSE, reflecting a premium of 11.11% and 9.44%, respectively, over the issue price of ?90.
The company manufactures a variety of safety systems and engineering solutions for different vehicle categories, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
Belrise Industries IPO Overall Subscription Status
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
108.35 |
|
Non-Institutional Investors |
38.33 |
|
Retail Individual Investors(RIIs) |
4.27 |
|
Total |
41.30 |
Listing Day Performance: Live Updates
Belrise Industries Share Price Live Update at 3:30 PM
The share price showed little to no momentum the whole trading day and closed at ?97.08
Belrise Industries Share Price Live Update at 11:56 PM
The stock showed some momentum, hovering around ?99.?
Belrise Industries Share Price Live Update at 11:35 AM
The stock showed signs of recovery, rising 2.64% from its earlier dip to trade at ?96.15 on the NSE.
Belrise Industries Share Price Live Update at 10:15 AM
After a strong debut, the shares were down 6.32%, trading at ?93.68 on the NSE.
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