Mumbai, May 22 -- The initial public offer of Belrise Industries received bids for 51,08,09,888 shares as against 17,70,58,824 shares on offer, according to stock exchange data at 17:00 IST on Thursday (22 May 2025). The issue was subscribed 2.88 times.

The issue opened for bidding on 21 May 2025 and it will close on 23 May 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof.

The promoters and promoter group hold an aggregate of 64,97,26,304 equity shares, aggregating to 99.81% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 73.01%.

The objectives of the fresh issue include ...