NEW DELHI: Belrise Industries Ltd shares made a strong debut on Wednesday, listing at over 11% premium to the issue price of Rs 90 per share.The shares opened at Rs 100 on the NSE, reflecting an 11.11% premium over the issue price. On the BSE, it started at Rs 98.50, showing a 9.44 per cent increase, before reaching Rs 103.20, marking a 14.66 per cent rise.The company achieved a market capitalisation of Rs 8,262.53 crore.The company’s initial public offer witnessed substantial interest, particularly from institutional investors, achieving a 41.30-times subscription by Friday’s closing. The Rs 2,150-crore share sale was offered within a price range of Rs 85-90 per share.Established in the year 1988, Belrise Industries, as an automotive components manufacturer specialises in safety-critical systems and engineering solutions across various vehicle segments, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
