Belrise Industries IPO...

Belrise Industries IPO subscribed 41.30 times on Day 3

The issue generated a demand of more than Rs 62,000 crore
The Initial Public Offering of Belrise Industries was subscribed 41.30 times on the third day of bidding.
The issue received bids of 7,31,22,94,024 shares against the offered 17,70,58,824 equity shares, at a price band of ₹85-90, according to the data available on the stock exchanges.
Non-Institutional Investors Portion and Retail Portion were subscribed 38.33 times and 4.26 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 108.35 times.
Belrise Industries Limited received an overwhelming response to its offering, with total bids exceeding 25 lakh applications.
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
The table below shows subscription data for all the categories of investors:

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