The shares were bought by SBI MF and Blackrock at a price of Rs 153.7, taking the deal size to Rs 897 crore.
The 6.56% stake sale now marks the exit of Sumedh Tools.
Following the block deal, shares of Belrise Industries surged as much as 13% to their new 52-week high of Rs 179.95 on the BSE. The stock finally ended at Rs 168.45, up 9.80 or 6.18% over the Monday closing price.
Belrise Industries caters to the requirements of a broad spectrum of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural equipment. The company’s portfolio comprises metal chassis systems, polymer and suspension components, exhaust systems, and other safety-critical parts. Its product offerings are designed to support both electric vehicles and traditional internal combustion engine vehicles.
The company was listed on May 2025 28 following a successful Initial Public Offering (IPO).Shares of Belrise Industries had listed with a premium of 11.11% over its IPO price. The stock was listed at Rs 100 on NSE; meanwhile, it was priced at Rs 98.50 on BSE, indicating an uptick of 9.44%.
The IPO witnessed a robust response to its Rs 2,150 crore IPO. The IPO, priced at Rs 90 per share, witnessed an impressive subscription rate of 41.3 times, indicating strong investor interest across categories.
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