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Subscription Status · May 21 – May 23, 2025 · ₹85–90
The Belrise Industries IPO subscription has recorded strong investor demand with an overall subscription of 41.30× as of May 23, 2025, indicating that investors applied for 41.30 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: May 23, 2025, 6:49 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
50,588,235 | 5,481,123,788 |
108.35×
|
|
NII
Non-Institutional Investors
|
37,941,177 | 1,454,273,378 |
38.33×
|
|
bNII
Bids above ₹10L
|
25,294,118 | 1,146,626,740 |
45.33×
|
|
sNII
Bids below ₹10L
|
12,647,059 | 307,646,638 |
24.33×
|
|
Retail
Retail Individual Investors
|
88,529,412 | 377,642,032 |
4.27×
|
|
Total
|
177,058,824 | 7,313,039,198 |
41.30×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 50,588,235 | 5,481,123,788 | 108.35× |
| NII | 37,941,177 | 1,454,273,378 | 38.33× |
| bNII | 25,294,118 | 1,146,626,740 | 45.33× |
| sNII | 12,647,059 | 307,646,638 | 24.33× |
| Retail | 88,529,412 | 377,642,032 | 4.27× |
| Total | 177,058,824 | 7,313,039,198 | 41.30× |
As of May 23, 2025, the Belrise Industries IPO has been subscribed 41.30 times overall. The IPO is fully subscribed with strong investor demand.
The Belrise Industries IPO subscription window was open from May 21, 2025 to May 23, 2025. Investors could apply through their demat account or ASBA facility.
The Belrise Industries IPO has a price band of ₹85 to ₹90 per share, with a lot size of 166 shares. Minimum retail investment: ₹14,110 (lower band) or ₹14,940 (upper band).
The QIB category has been subscribed 108.35 times. QIBs were offered 50,588,235 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 4.27 times. Retail was offered 88,529,412 shares.
Overall NII: 38.33×. bNII (>₹10L): 45.33×, sNII (<₹10L): 24.33×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on May 26, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Belrise Industries IPO is expected to list on May 28, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 41.30× means investors have bid for 41.30 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 4.27×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Belrise Industries IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from May 21 to May 23, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Belrise Industries IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
May 21, 2025Subscription Closes Done
May 23, 2025Basis of Allotment Done
May 26, 2025Listing on NSE,BSE Done
May 28, 2025Better odds than heavily subscribed IPOs. Based on retail subscription of 4.27×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
