New Delhi, May 27 -- The IPO of Belrise Industries, which concluded recently, is set to debut on the Indian stock exchanges on Wednesday, May 28. The issue received a healthy response from all categories of investors during its bidding period between May 21 and May 23, resulting in an overall subscription of 43 times.

Given the strong demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of Rs.24 ahead of listing.

Based on the IPO's upper price band of Rs.90 and the current GMP, the estimated listing price of Belrise Industries stands at Rs.114 per share, a 26.6% above the issue price. The grey m...