Belrise Industries Attracts Strong Anchor Interest Ahead Of Its IPO, Over 7 Crore Shares Subscribed At ₹90 Each

Belrise Industries Attracts Strong Anchor Interest Ahead Of Its IPO, Over 7 Crore Shares Subscribed At ₹90 Each

Belrise Industries has allocated over 7 crore shares to anchor investors at ₹90 each, ahead of its IPO. This shows strong institutional interest and builds confidence for the company’s upcoming public issue.

Manoj YadavUpdated: Wednesday, May 21, 2025, 11:58 AM IST
article-image
Belrise Industries Attracts Strong Anchor Interest. |

Mumbai: Belrise Industries Limited has received a strong response from anchor investors for its public issue. As part of the Anchor Investors portion, a total of 7,16,66,665 equity shares were subscribed at a price of ₹90 per share. This important step was completed on May 20, 2025, and the company officially informed the stock exchange through a formal announcement.

Anchor investors are big institutional investors who invest in IPOs before the general public, giving confidence to other investors. The fact that Belrise Industries was able to secure such a large number of shares from these investors shows that there is strong trust in the company’s future and its business potential.

The announcement included a letter from Belrise Industries, confirming the allocation details. This is a positive sign ahead of the company’s public issue, as it reflects solid backing from key market players.

The equity segment of the stock exchange has taken note of this allocation. With this successful anchor investor round, Belrise Industries is one step closer to launching its full public offering.

RECENT STORIES

No GST On Life And Health Insurance Premiums From September 22: GST Council Announces Relief For...

No GST On Life And Health Insurance Premiums From September 22: GST Council Announces Relief For...

GST 2.0: What Gets Cheaper And Costlier From September 22

GST 2.0: What Gets Cheaper And Costlier From September 22

Independence Day Pledge Realised: PM Modi Welcomes Historic GST Overhaul With Two-Tier Tax Structure

Independence Day Pledge Realised: PM Modi Welcomes Historic GST Overhaul With Two-Tier Tax Structure

GST Council Reaches Consensus On Rate Restructuring; New Tax Slabs to Take Effect from September 22...

GST Council Reaches Consensus On Rate Restructuring; New Tax Slabs to Take Effect from September 22...

Gold Prices Hit Record ₹1.07 Lakh Per 10 Grams In Delhi Amid Fed Rate Hopes, Geopolitical Tensions

Gold Prices Hit Record ₹1.07 Lakh Per 10 Grams In Delhi Amid Fed Rate Hopes, Geopolitical Tensions