Belrise Industries IPO subscribed 5 times on Day 3: GMP rises to Rs 23

Belrise Industries' IPO continues to attract strong investor interest, with robust participation seen across investor categories. The company’s grey market premium has also shown positive momentum, reflecting upbeat market sentiment. Backed by a solid financial track record, established client base, and strategic focus on EV-agnostic components, analysts remain optimistic about the company’s growth prospects and long-term value creation potential.