Belrise Industries Ltd. raised ₹645 crore from its anchor investors ahead of its public issue, according to the company’s exchange filing on 20 May 2025.
According to the filing data, the automotive parts manufacturing firm allocated 7,16,66,665 or more than 7.16 crore equity shares to a series of anchor investors at an allocation price of ₹90 apiece, with the face value of ₹5 per share.
The anchor investor pool for the public issue comprises multiple foreign investors and large domestic mutual funds. BlackRock, Capital Group, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life were among other investors who fueled the anchor round.
SmallCap World Fund, Inc. and Nippon Life India’s small-cap fund emerged as the top allocations for the anchor round, with a 12.90 per cent stake in the public issue. Other major allocations were to Blackrock’s Emerging Frontiers Master Fund, at 12.76 per cent, ICICI Prudential Multicap fund, at 7.75 per cent, etc.
Belrise Industries IPO GMP
As of 20 May 2025, the grey market premium (GMP) for the Belrise Industries IPO stands at ₹14 per share. With the upper price band for the public issue at ₹90, the shares are expected to be listed at ₹104 apiece, with a premium of 15.56 per cent.
Grey market premium (GMP) is an indicator of investors’ willingness to pay more for a public issue. The GMP jumped ahead of its anchor book results announcement to ₹14 level, compared to ₹4.25 on 19 May 2025.
(This is a developing story. Please check back for updates.)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
