New Delhi: Allied Blenders and Distillers IPO GMP today stood at Rs 75, according to IPO Watch. Allied Blenders and Distillers IPO date has been fixed at June 25 to June 27, 2024. The total size of the liquor company’s stake sale process stand at Rs 1,500 crore. The Allied Blenders IPO price band has been set at Rs 267 to Rs 281 per share. Considering the upper limit of the price band and Monday’s GMP of Rs 75, the stock might list at a premium of around 27 per cent.
Allied Blenders IPO Anchor Investors
The bids for anchor investors would open for subscription for a day on June 24, the liquor company, Allied Blenders and Distillers Limited, the makers of Officer’s Choice Whisky, announced.
Allied Blenders and Distillers IPO’s Promoters’ Stake
The Mumbai-based Allied Blenders and Distillers IPO consists of fresh issue of equity shares worth Rs 1,000 crore and an Offer For Sale (OFS) of shares worth Rs 500 crore. This means promoters will trim their holdings in the company via the stake sale process.
Allied Blenders and Distillers IPO Expected Allotment Date
Allied Blenders and Distillers IPO Expected Allotment Date is June 28, 2024. The liquor company’s IPO shares are expected to be listed on July 02, 2024. While,
Who are Allied Blenders and Distillers’ Promoters?
Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer’s Choice Spirits Private Limited are Allied Blenders and Distillers’ promoters who would sell their stake through the OFS
Allied Blenders and Distillers’ IPO’s Retail Subscription Quota
According to Allied Blenders and Distillers IPO DRHP as filed by the Sebi, 35 per cent of the Allied Blenders’ IPO’s total size has been kept reserved for retail investors. While, Qualified Institutional Buyers’ (QIBs) reservation portion comprises 50 per cent of the total IPO issue size. And, Non-Institutional Investors’ (NIIs) reservation has been kept at 15 per cent of the total IPO issue size. Retail investors can bid for a minimum of 53 shares in a single lot and in multiples thereof.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Allied Blenders and Distillers IPO GMP today stood at Rs 75, according to IPO Watch. Considering the upper limit of Allied Blenders IPO price band of Rs 267 – Rs 281, the stocks might have listing gains of around 27 per cent on the bourses. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
