Shares of Belrise Industries opened on a strong note on the stock exchanges, delivering a solid listing premium to investors even as broader market indices showed weakness on Wednesday.
Impressive Listing Despite Market Volatility
Belrise Industries shares were listed at ₹100 on the NSE, reflecting an 11.11% premium over the IPO issue price of ₹90. On the BSE, the shares debuted at ₹98.50, up 9.4% from the issue price.
The company’s market capitalization post-listing stood at ₹8,678.10 crore, indicating the strong confidence of investors in the stock and the business potential of Belrise Industries.
IPO Receives Overwhelming Response
The ₹2,150-crore initial public offering (IPO) of Belrise Industries saw an enthusiastic response from investors. The IPO was subscribed a massive 41.30 times, a sign of high demand and bullish investor sentiment around the company.
It’s important to note that the IPO was entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component. The price band for the IPO was set at ₹85 to ₹90 per share.
Expert Advice: Hold or Wait?
According to Mahesh M. Ojha, AVP – Research and Business Development at Hensex Securities, investors who got an allotment should consider holding the stock for the medium to long term to unlock more value.
For those who missed out and are looking to invest post-listing, Ojha suggested waiting for price stability. “If the stock retraces to the ₹100–105 range and company fundamentals remain strong, it could be a good entry point,” he said.
Final Thoughts
The successful listing of Belrise Industries shares reflects strong investor interest and faith in the company’s future. With a premium debut and robust IPO subscription, it has captured market attention, although new investors should exercise caution and watch for price movement before making any decisions.
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