What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Belrise Industries Limited IPO?

Based on the upper price band of ₹90 and current GMP of ₹21, the estimated listing price is ₹111 (approx. 23.3% gain).

What is the expected profit per lot for Belrise Industries Limited IPO?

With a lot size of 166 shares and current GMP of ₹21, expected profit per retail application lot is approximately ₹3,486.

IPO GreyPremiumLIVE

Grey Market Intelligence

Belrise Industries Limited

ListedMainboard

Capital Goods / Automotive Components · NSE / BSE

Belrise, founded in 1988, is an Indian automotive component manufacturer supplying to 27 OEMs globally as of June 30, 2024. The company operates 15 manufacturing facilities across 9 cities in 8 states. Its diversified product portfolio includes metal components like sheet metal parts, chassis systems, body-in-white parts, exhaust systems and castings. It also manufactures polymer components and functional systems including suspension and mirror systems. Belrise serves leading two-wheeler, three-wheeler, passenger and commercial vehicle manufacturers such as Bajaj, Honda, Hero, Royal Enfield, Tata Motors, Mahindra, Jaguar Land Rover and VE Commercial Vehicles. With the growing EV market and global mobility shift, the company has significant expansion opportunities across multiple automotive segments.

Price Band

₹85 – ₹90

Issue Size

₹2150 Cr

Lot Size

166 shares

GMP

₹21

+23.3%

Est. Listing

₹111

at current GMP

Subscribed

43.73x

overall

Open

21 May 2025

23 May 2025

Allotment

26 May 2025

Refund

27 May 2025

Demat Credit

28 May 2025

Listing

28 May 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Belrise Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹21+23.3%

Issue Price (Upper)

₹90

Band: ₹85 – ₹90

Estimated Listing Price

₹111

Upper price + GMP

Lot Size

166 shares

Min investment ₹14,940

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹21	23.3%	₹111
30 Oct 2026	+₹21	23.3%	₹111
29 Oct 2026	+₹19	21.0%	₹109

About Belrise Industries Limited Public Issue & Market Profile

Belrise Industries Limited is bringing an initial public offering (IPO) in the Capital Goods / Automotive Components sector with an aggregate issue size of ₹2,150 Crores. The shares are offered at a price band of ₹85 to ₹90 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 166 shares (approx. ₹14,940 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-05-28, while un-allotted funds or UPI block mandates will be released on 2025-05-27.

Frequently Asked Questions

What is Belrise Industries Limited IPO GMP today?

The latest grey market premium for Belrise Industries Limited IPO is ₹21, which indicates an expected listing price of ₹111.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.