IPO Watch: Subscription of this IPO will close; you can earn huge profit

IPO Watch: Belrise Industries issued a public offer of its IPO on 21 May. Its listing price can go up to Rs 113. However, this is also an estimated price. At 8.55 am, the GMP of Belrise Industries IPO is running at Rs 23 per share. Although this premium is estimated, the correct premium can be ascertained only after listing.

This is a Mainboard Category IPO, so there is a chance of low risk. Investors can get more than 25 percent profit from this.

 How much profit can be made

To know the profit of IPO, its issue price and listing price have to be seen. Belrise Industries has kept the price band of its IPO from Rs 85 to Rs 90. Its issue price can be Rs 90. Usually, the issue price is the one with a higher price band.

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At 9.02 am, the GMP of Belrise Industries IPO is running at Rs 23. If we look at the estimated issue price and GMP, then its listing price can go up to Rs 113.

What amount you can invest?

The lot size of Belrise IPO has been kept at 166 equity shares (Belrise IPO Lot Size). Which means that investors will have to pay Rs 14,940 to get it. This is a Mainboard IPO, so there is less risk in it. One cannot invest more than 15 thousand rupees in any IPO of the Mainboard Category which controls the share market.

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How many investors have invested money so far?

So far, on 23 May at 9.09 am, 17,70,58,824 shares have been issued by the company under the IPO. However, the company has received 51,08,09,888 applications so far.