Marquee names includes BlackRock, Capital Group, ICICI Prudential MF, HDFC MF, Nippon India MF, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life
MUMBAI, May 20 (The CONNECT) – Belrise Industries has garnered Rs. 645 crores from anchor investors ahead of its initial public offering (IPO) that opens for public subscription tomorrow.
The company informed the bourses that it allocated 71,666,665 equity shares at Rs. 90 per share today to anchor investors.
Marquee foreign long-only and large domestic mutual funds participated in the anchor book including BlackRock, Capital Group, ICICI Prudential MF, HDFC MF, Nippon India MF, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life, among others.
Out of the total allocation of 71,666,665 equity shares to the anchor investors, 30,613,484 equity shares were allocated to 5 domestic mutual funds through a total of 10 schemes, i.e. 42.72% of the Total Anchor Book Size.
Axis Capital Limited, Limited, Jefferies India Private Limited, HSBC Securities and Capital Markets (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.
IPO Details
The IPO,  entirely a fresh issue of up to Rs 2150 crore with no offer of sale component, will close on Friday, May 23, 2025. The price band for the Offer has been determined at Rs 85 – Rs 90 per equity share.
The IPO will fetch Rs 2,150 crore at the upper end of the price band.
Investors can bid for a minimum of 166 equity shares and in multiples of 166 equity shares thereafter.
The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.
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