25 Jun , 2025 By : Debdeep Gupta
Shares of recently listed Belrise Industries Ltd rallied four percent in the morning session on Wednesday, June 25, after the one-month lock-in expiry for anchor investors ended today.
Following the lock-in expiry, as many as 3.6 crore shares of Belrise Industries or a four percent of the outstanding equity in the company, became eligible to trade, opening the doors for anchor investors to go ahead and offload their holdings in the stock if they wished to do so.
It must be noted that the end of a lock-in period does not mean that all the shares will be sold, but they only become eligible to be traded.
At 10.20 a.m., shares of Belrise Industries were trading at Rs 101.43, up 3.4 percent compared to the previous session's closing price.
Belrise Industries listed on the exchanges on May 28, following a robust response to its Rs 2,150-crore initial public offering (IPO), which was subscribed 41.30 times.
The IPO, which consisted entirely of a fresh issue of equity shares with no offer-for-sale (OFS) component, was offered in a price band of Rs 85 - 90 per share. On the day of market debut, shares of Belrise Industries ended with a premium of over 8 percent against the issue price of Rs 90 on Wednesday.
The company is known for its process engineering and manufacturing excellence, with a growing focus on increasing content per vehicle and expanding into electric vehicles (EVs), four-wheelers and commercial vehicles.
The company has a long-standing relationship with customers, including prominent multinational OEMs (original equipment manufacturers) such as Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors.
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