NEW DELHI: Belrise Industries Ltd shares made a strong debut on Wednesday, listing at over 11% premium to the issue price of Rs 90 per share.
The shares opened at Rs 100 on the NSE, reflecting an 11.11% premium over the issue price.
On the BSE, it started at Rs 98.50, showing a 9.44 per cent increase, before reaching Rs 103.20, marking a 14.66 per cent rise.
The company achieved a market capitalisation of Rs 8,262.53 crore.
The company's initial public offer witnessed substantial interest, particularly from institutional investors, achieving a 41.30-times subscription by Friday's closing.
The Rs 2,150-crore share sale was offered within a price range of Rs 85-90 per share.
Established in the year 1988, Belrise Industries, as an automotive components manufacturer specialises in safety-critical systems and engineering solutions across various vehicle segments, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
The shares opened at Rs 100 on the NSE, reflecting an 11.11% premium over the issue price.
On the BSE, it started at Rs 98.50, showing a 9.44 per cent increase, before reaching Rs 103.20, marking a 14.66 per cent rise.
The company achieved a market capitalisation of Rs 8,262.53 crore.
The company's initial public offer witnessed substantial interest, particularly from institutional investors, achieving a 41.30-times subscription by Friday's closing.
The Rs 2,150-crore share sale was offered within a price range of Rs 85-90 per share.
Established in the year 1988, Belrise Industries, as an automotive components manufacturer specialises in safety-critical systems and engineering solutions across various vehicle segments, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
You may also like
Day after being struck down, US appeals court allows Trump tariffs to 'temporarily' stay in effect
Madhya Pradesh: Many Fail To Get Admission Due To Lack Of Seats In Alot
Swiss glacier wipeout threatens two more villages as dam could burst
Luke Humphries beats Luke Littler to win Premier League Darts title and massive payday
How to stop your bathroom towels from smelling
