Belrise Industries share price slips 4% after decent listing. Should you buy, sell or hold?
Belrise Industries IPO listing in focus: Belrise Industries’ share price had a healthy stock market debut on Dalal Street today, May 28, as the scrip listed at a premium of 11.11% at ₹100 apiece on the NSE, compared to the issue price of ₹90. On the BSE, it was listed at a 9.44% premium at ₹98.5 apiece.
Following the healthy listing on the exchanges, Belrise Industries stock moved slightly higher to touch the day’s high of ₹102 but couldn’t sustain at that level and was last trading around ₹96 as of noon (4% lower than the listing price). The issue received a stellar response from all categories of investors, with an overall subscription of 41.30 times during the bidding period from May 21 to May 23.
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