Belrise Industries IPO GMP History
Belrise Industries IPO has been listed on May 28, 2025 at a listing price of ₹100, against the issue price of ₹90 — a gain of ₹10 (+11.11%). The GMP peaked at ₹30 on 15 May 2025 and reached a low of ₹7 on 18 May 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Belrise Industries IPO raised ₹2150 Cr. through its IPO at a price band of ₹85 to ₹90 per share, with a lot size of 166 shares. The IPO was open for subscription from 21 May 2025 to 23 May 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 27 May 2025 | ₹ 21 | ▼ | 23% | — | — |
| 26 May 2025 | ₹ 23 | ▼ | 26% | — | — |
| 25 May 2025 | ₹ 24 | ▼ | 27% | — | — |
| 24 May 2025 | ₹ 25 | ▲ | 28% | — | — |
| 23 May 2025 | ₹ 21 | ▲ | 23% | — | — |
| 22 May 2025 | ₹ 20 | ▲ | 22% | — | — |
| 21 May 2025 | ₹ 15 | ▲ | 17% | — | — |
| 20 May 2025 | ₹ 14 | ▲ | 16% | — | — |
| 19 May 2025 | ₹ 11 | ▲ | 12% | — | — |
| 18 May 2025 | ₹ 7 | ▼ | 8% | — | — |
| 17 May 2025 | ₹ 13 | ▼ | 14% | — | — |
| 16 May 2025 | ₹ 16 | ▼ | 18% | — | — |
| 15 May 2025 | ₹ 30 | — | 33% | — | — |
Belrise Industries IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 21 May 2025
- Close 23 May 2025
- Allotment 26 May 2025
- Refund/credit 27 May 2025
- Listing 28 May 2025
Belrise Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹90 |
|---|---|
| GMP-based estimate (pre-listing) | ₹111 (+23.3%) |
| Listing gain / loss | +₹10 per share |
| Listing date | 28 May, 2025 |
| Actual listing price | ₹100 (+11.11%) |
Is Belrise Industries IPO GMP reliable?
Grey market premium for Belrise Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Belrise Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Belrise Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Belrise Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Belrise Industries IPO
Belrise Industries Limited was incorporated in 1988. It makes automotive components, including metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems. Its speciality is precision sheet metal pressing and fabrication.
The products are largely independent of powertrain type, so they can be used in both electric and petrol or diesel vehicles.
Customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors and Mahindra. On 30 June 2024 the company served 27 OEMs from 15 manufacturing facilities in nine cities across eight states.
The IPO was a fresh issue of Rs 2,150 crore. Rs 1,618.13 crore of it was planned for repaying borrowings.
Frequently asked
What is the GMP of Belrise Industries IPO?
The current Grey Market Premium (GMP) of Belrise Industries IPO is ₹ 21.
What is the Kostak Price of Belrise Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Belrise Industries IPO is not available.
What is the Subject to Sauda Price of Belrise Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Belrise Industries IPO?
Belrise Industries IPO listed on May 28, 2025 at ₹100, against the issue price of ₹90 — a gain of +11.11%.
How did the GMP of Belrise Industries IPO trend before listing?
The GMP of Belrise Industries IPO was falling in its final days before listing. The GMP peaked at ₹30 on 15 May 2025. View the day-wise table above for the complete GMP history.
Explore Belrise Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
