Belrise Industries IPO subscribed 14% so far on Day 1. Check GMP, other details

Belrise Industries' IPO saw 14% overall subscription on Day 1, led by 25% NII interest. With strong FY24 results and plans to repay Rs 1,618 crore debt, the firm is poised for growth. Analysts recommend subscribing, citing robust fundamentals, client base, and potential PAT boost from reduced interest costs.