New Delhi, May 28 -- Belrise Industries IPO listing: Shares of Belrise Industries IPO made a strong debut on the bourses on Wednesday, May 28, as they listed at Rs.100 on NSE, a premium of 11.11 percent over the issue price of Rs.90. Meanwhile, on BSE, it debuted at Rs.98.50, up 9.44 per cent from issue price.

The IPO, valued at Rs.2,150 crore, was open for subscription from May 21 to May 23.

The IPO concluded on an strong note, receiving bids amounting to 43.14 times the shares on offer over the three-day bidding period. A total of 721.33 crore shares were bid for, compared to the 16.72 crore shares available. The retail investor portion was subscribed 4.52 times, while the non-institutional investor (NII) category saw a subscription o...