The Indian capital markets are abuzz with anticipation as Belrise Industries, a leading automotive component manufacturer, is set to list on the NSE and BSE on 28 May 2025. With consistent grey market premium (GMP) trends signaling strong investor sentiment, the stock is widely expected to debut at a premium of over 27% against its upper price band of INR 90 per share. Here’s what you need to know about the Belrise Industries IPO listing tomorrow and the impact of GMP under pressure.
Belrise Industries IPO Listing – Robust GMP Indicates Bullish Sentiment
As of 27 May 2025, Belrise Industries IPO listing expectations remain high, with its grey market premium holding firm at INR 24. This translates to an expected listing price of INR 114 per share, indicating a 26.7% premium over the issue price. The ‘Subject to Sauda’ rate, another grey market indicator reflecting potential listing gains per retail allotment, stands at INR 2,600, further fueling positive momentum.
| Date | Day-wise IPO GMP | Subject to Sauda (INR) |
|---|---|---|
| 27 May 2025 | 24 | 2,600 |
| 26 May 2025 | 24 | 2,600 |
| 24 May 2025 | 24 | 2,600 |
| 23 May 2025 | 22 | 2,400 |
| 22 May 2025 | 15 | 1,600 |
| 21 May 2025 | 11 | 1,200 |
| 20 May 2025 | 8 | 500 |
| 19 May 2025 | 10 | 500 |
| 17 May 2025 | 16 | 1,200 |
| 16 May 2025 | 15 | 800 |
The consistent rise in GMP values throughout the IPO window reinforces market optimism surrounding the Belrise Industries IPO listing.
IPO Details: Pure Fresh Issue with Strong Institutional Interest
Belrise Industries’ IPO, which ran from 21 to 23 May 2025, was a pure fresh issue of INR 2,150 crore, with no offer-for-sale (OFS) component. The price band was set at INR 85 to INR 90 per share, and the minimum bid lot was 166 shares, amounting to an application value of INR 14,940 for retail investors.
With a 35% retail allocation, the issue attracted widespread participation. The pure primary structure without an OFS added to investor confidence and has been a key narrative shaping expectations around the Belrise Industries IPO listing.
Strong Subscription, but Caution in Sentiment
It was a hot IPO, with an overall subscription of 41.30 times, with bids worth INR 88,795 crore. While the numbers are big, some analysts say it was measured optimism and not euphoria. QIBs subscribed 108.35 times, NII 38.33 times and RII 4.26 times. Listing is expected tomorrow. Final listing will depend on the broader market and demand on the day of listing.
Business Profile: Engineering the Future of Mobility
Founded in 1996, Belrise Industries is a prominent player in India’s auto component ecosystem, manufacturing over 1,000 safety-critical parts for two-wheelers, three-wheelers, passenger cars, commercial, and agricultural vehicles. The company’s product suite includes metal chassis systems, polymer components, suspension systems, body-in-white elements, and exhaust systems.
A defining feature of Belrise’s business model is its powertrain-agnostic strategy. Over 74% of FY 2024 revenue came from components compatible with both electric and internal combustion engine (ICE) vehicles, making the company well-positioned for the transition to EVs.
With 15 state of the art manufacturing facilities across India using robotics, CNC systems and IoT integration, Belrise delivers precision engineering on a scalable platform. Our customers include global OEMs like Bajaj Auto, Hero MotoCorp, Jaguar Land Rover, Honda Motorcycle & Scooter India and Tata Motors.
Exports contribute 23% of the revenue and we now service 27 global OEMs, that’s scale and diversification.
Outlook: A Strong Debut Anticipated
With steady grey market premiums, strong institutional backing, and sound financials, the Belrise Industries IPO listing is expected to be a highlight tomorrow. Analysts estimate a listing premium of over 27%, translating to a market debut around INR 114 per share.
As India accelerates toward electric mobility, Belrise’s ongoing investments—including an EV-dedicated plant in Pune and proprietary EV technologies like hub motors and control units—could further uplift post-listing performance. For investors and market watchers alike, the Belrise Industries IPO listing marks a significant development in the broader narrative of India’s auto component evolution. All eyes will be on the exchanges tomorrow as the Belrise Industries IPO listing unfolds, potentially rewarding those who backed this powertrain-agnostic, engineering-driven growth story.
Belrise Industries IPO Listing FAQs
When is the Belrise Industries IPO listing date?
The Belrise Industries IPO is scheduled to list on 28 May 2025 on both the NSE and BSE.
What is the expected listing price of Belrise Industries shares?
Based on the grey market premium (GMP) of INR 24, the expected listing price is approximately INR 114, representing a 27% premium over the issue price.
Can we buy an IPO on the listing date?
You can place a buy order at a desired price for the IPO shares on the listing day after 10 AM.