Allied Blenders and Distillers Limited gets Sebi nod for ₹1500 crore IPO: Complete details here - Hindustan Times
close_game
close_game

Allied Blenders and Distillers Limited gets Sebi nod for 1500 crore IPO: Complete details here

By | Edited by Mallika Soni
May 14, 2024 03:35 PM IST

Allied Blenders and Distillers IPO: Shares will offered at a face value of ₹2. The IPO is a mix of fresh issue of ₹1000 crore and an OFS of ₹500 crore.

Allied Blenders and Distillers received final not from the capital markets regulator Securities and Exchange Board of India (Sebi) to raise 1500 crore through an initial public offering (IPO). The company had refiled its IPO papers with Sebi on January 15, 2024. Under the issue, shares will offered at a face value of 2 and is a mix of fresh issue of up to 1000 crore and an offer for sale of up to 500 crore by promoters.

Allied Blenders and Distillers IPO: Shares will offered at a face value of <span class='webrupee'>₹</span>2.
Allied Blenders and Distillers IPO: Shares will offered at a face value of 2.

Read more: Winsol Engineers IPO listing: Bumper debut with 386% premium at 365 apiece on NSE SME

Net proceeds from the IPO will be used by the company for prepayment or scheduled re-payment of a portion of certain outstanding borrowings and for general corporate purposes, it said.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

The Mumbai-based company was established in 1988 initially with its Officer’s Choice Whisky in the mass premium segment with a market share of 11.8% in Fiscal 2023 in the Indian whisky market. The company has expanded and introduced products across various categories and segments and has shifted its focus from mass premium whisky segment to premiumization, with the launch of brands like ICONiQ White Whisky, Srishti Whisky, and X&O Barrel Whisky.

Read more: TBO Tek IPO allotment finalised: Here's a step-by-step guide to check status

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited, are the book-running lead managers, and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, May 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On