Mumbai, May 26 -- The initial public offer of Belrise Industries received bids for 73,130,391,98 shares as against 17,705,8824 shares on offer. The issue was subscribed 41.30 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 108.35 times. The Non-Institutional Investors (NIIs) category was subscribed 38.33 times. The Retail Individual Investors (RIIs) category was subscribed 4.27 times.

The issue opened for bidding on 21 May 2025 and it closed on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share.

The promoters and promoter group hold an aggregate of 64,972,6304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is...