Belrise Industries IPO Day 2 Subscription Status: Strong NII Demand, GMP Signals Listing Gains

The Belrise Industries IPO is gaining significant traction as it moves into its final bidding day. With the IPO closing on May 23, 2025, investors are showing growing interest, especially among non-institutional investors. Backed by robust fundamentals, a ₹2,150 crore issue size, and tailwinds from the booming EV and auto sector, Belrise is making waves in the primary market.

Here’s a complete breakdown of the subscription status, GMP trends, company fundamentals, and expert recommendations—so you can make an informed decision before the IPO window shuts.

Belrise IPO Day 2 Subscription Update (As of May 22)

The IPO has seen overall subscription of 2.45x by the afternoon of Day 2. Here’s how each investor category is performing:

• Retail Investors: 1.29x subscribed

• Non-Institutional Investors (NIIs): 6.61x—showing strong HNI interest

• Qualified Institutional Buyers (QIBs): 0.60x, likely to pick up on Day 3

This momentum shows a sharp increase from Day 1, which had a 67% overall subscription. Notably, at 10:24 AM, total bids were at 0.97x, and by 3:14 PM, bids soared past 4.1 crore shares, indicating rising enthusiasm—particularly from NIIs.

Grey Market Premium (GMP) Today: ₹17 and Rising

The current GMP for Belrise Industries IPO stands at ₹17, implying a listing price of ₹107, or nearly 18.9% above the upper price band of ₹90. Some trackers even report intraday GMPs touching ₹19–₹21, showcasing growing investor optimism.

While GMP isn’t an official measure, it does reflect market sentiment. Combined with strong NII interest, this indicates a high probability of listing gains.

Also Read:

Belrise Industries IPO Opens: Check Latest GMP, Subscription Trends, and All You Need to Know!

About Belrise Industries: A Play on India’s Auto & EV Boom

Belrise Industries is a top-tier automotive component manufacturer, catering to both electric and internal combustion engine (ICE) vehicles. The company focuses on safety-critical parts, making it a crucial supplier in a rapidly evolving industry.

Key Fundamentals:

• Issue Size: ₹2,150 crore (Fresh Issue: 23.89 crore shares)

• Price Band: ₹85–₹90

• Estimated P/E: 25.8x (based on FY24 EPS)

• Utilization of Proceeds: Capacity expansion and working capital

Analysts believe Belrise is well-positioned to leverage the EV growth trend while maintaining its strong presence in traditional auto markets.

Important Dates for Belrise Industries IPO

Applying for the Belrise IPO is quick and seamless via your trading or UPI app:

1. Log in to your brokerage or UPI app

2. Navigate to the IPO section

3. Select Belrise Industries Ltd.

4. Choose the cut-off price (₹90 for retail)

5. Submit the application and approve UPI mandate by 5 PM on May 23

⏳ Don’t wait till the last minute! Bidding activity usually surges on the final day.

Analyst Verdict: Should You Subscribe?

Leading brokerage firms have given a ‘Subscribe’ rating, particularly for long-term investors. Here’s why:

✅ Strong product portfolio
✅ Dominance in safety-critical auto components
✅ EV and ICE market exposure
✅ Scalable business model with capex plans
✅ Improving margins and operational efficiency

Given the auto sector’s revival, Belrise is poised to benefit both from listing pop potential and sustained growth over the coming years.

Final Take: Should You Apply?

If you’re an investor bullish on India’s auto and EV future, Belrise Industries IPO is worth serious consideration. With steady GMPs, rising subscription figures, and industry tailwinds, the IPO presents an opportunity for both short-term gains and long-term wealth creation.

However, as always, align your IPO investments with your financial goals and risk appetite.

Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.