Belrise Industries Closes QIP, Sets Share Price at ₹220

Belrise Industries Limited has announced the closure of its Qualified Institutional Placement (QIP) issue on July 17, 2026. The QIP Committee approved the allocation of 7,72,72,727 Equity Shares at an issue price of ₹220.00 per share, which includes a premium of ₹215.00. This price represents a discount of 4.68% to the floor price of ₹230.79, determined in accordance with SEBI ICDR Regulations. The company also approved the placement document and the confirmation of allocation notes to eligible Qualified Institutional Buyers (QIBs). Refund intimations will be issued to entitled bidders. The placement document is available on the company's website and the stock exchanges.