Shares of Belrise Industries surged as much as 11.4% to their new 52-week high of Rs 176.70 on the BSE on Tuesday, December 23, as a promoter group entity likely executed a block deal to sell a significant stake in the company. The transaction, estimated at Rs 897 crore, likely involves the sale of 5.83 crore equity shares, representing a 6.56% stake.
According to a report by NDTV Profit, Sumedh Tools is the entity carrying out the share sale. The floor price for the deal has been fixed at Rs 153.70 per share, which is approximately 2.94% lower than the prevailing market price of Rs 158.36.
The block deal is expected to be executed during trading hours on Tuesday.
As per BSE shareholding data, Sumedh Tools held a 6.72% stake in Belrise Industries as of the quarter ending September 2025. Post the block deal, the promoter group’s holding is expected to reduce substantially, depending on the full execution of the proposed sale.
This is the first major secondary market transaction in Belrise Industries since the company’s stock market debut earlier this year. Jefferies India has been appointed as the sole bookrunner for the deal, according to information shared with NDTV Profit.
Belrise Industries is an automotive component manufacturer that caters to 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 in May 2025 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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