Allied Blenders and Distillers IPO opens today: All you need to know before subscribing

Allied Blenders and Distillers IPO opens for bidding on June 25 and will close on June 27. The price band has been set between ₹267 to ₹281 per share.

Published on: Jun 24, 2024, 07:26:08 IST

By HT News Desk

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The initial public offering (IPO) of Allied Blenders and Distillers opens for subscription today (June 25). The issue will close on June 27 and comprises a fresh issue of ₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors. In the OFS, promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off shares. Allied Blenders and Distillers manufactures and distributes alcoholic beverages in India as well as the world and the company has a massive product range.

Allied Blenders and Distillers IPO comprises a fresh issue of ₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors.

Read more: Warburg-backed Avanse Financial Services files for ₹3,500-crore IPO

Here are top things to know before subscribing to Allied Blenders and Distillers IPO:

IPO dates: Allied Blenders and Distillers IPO opens for bidding on June 25 and will close on June 27.
Price band: The price band of the IPO has been set between ₹267 to ₹281 per share.
IPO size: Allied Blenders and Distillers IPO is a book-built issue which aims to raise ₹1,500 crores through fresh issue of 3.56 crore shares amounting to ₹1,000 crores and an offer for sale totaling ₹500 crores. Read more: Zepto IPO soon? Company raises $665 million in biggest funding round this year
IPO lot size: Retail investors can bid for a minimum of 53 shares and in multiples thereof.
Allotment date: The allotment of Allied Blenders and Distillers IPO is expected to be finalised on June 28. Read more: Ola Electric faces investor pushback on IPO valuation: Report
Listing date: The shares of the company are expected to get listed on both NSE and BSE on July 2.
Book-running managers: ICICI Securities Limited, Nuvama Wealth Management Limited and Iti Capital Ltd are the lead managers of Allied Blenders and Distillers IPO.
Registrar: The registrar of Allied Blenders and Distillers IPO is Link Intime India Private Ltd.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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