New Delhi: Allied Blenders and Distillers IPO price band was fixed at Rs 267-281 per share for its Rs 1,500-crore public issue. Allied Blenders and Distillers Limited IPO will open on June 24, the company said. The manufacturer of Officer’s Choice whisky’s market valuation is expected to surge to Rs 7,860 crore after the IPO, according to brokerages. This anticipated surge will also awaken a lot of interest in its grey market premium. So, check Allied Blenders and Distillers IPO GMP today and much more.
Allied Blenders and Distillers IPO GMP today
The Allied Blenders and Distillers IPO GMP today is Rs 63 per share on Friday, June 21, 2024, according to investrogain.com, indicating a listing price of Rs 344 per share. Grey market premium (GMP) is the extra price that an investor is willing to pay to acquire a company’s share. The Allied Blenders and Distillers IPO GMP marks a Rs 63 premium over the upper end of the price band of Rs 267-281 per share.
The minimum lot size for Allied Blenders and Distillers IPO is 53 shares worth Rs 14,893 for retail investors. The company competes with United Spirits, Radico Khaitan and Globus Spirits.
Allied Blenders and Distillers IPO key dates
Allied Blenders and Distillers Limited will raise money from anchor investors on June 23, 2024.
On June 24, 2024, the Allied Blenders and Distillers IPO will open for retail investors and other category investors.
The IPO closes on June 26, 2024.
Allied Blenders and Distillers allotment date has been fixed for June 27, 2024. Shares will be credited to the demat account on June 28, 2024.
The IPO listing date has been fixed for July 1, 2024, on the BSE and NSE.
Merchant bankers on the IPO include:
ICICI Securities
Nuvama Wealth Management
Iti Capital
Allied Blenders and Distillers IPO will comprise a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) worth Rs 500 crore by promoters, namely:
Bina Kishore Chhabria
Resham Chhabria Jeetendra Hemdev
Neesha Kishore Chhabria
The company plans to use the IPO proceeds to repay existing debt. The Indian-made foreign liquor (IMFL) maker started work in 1988. It is the third largest industry player in India.
The maker of Officer’s Choice Whiskey will open its public issue on June 24, 2024. Check Allied Blenders and Distillers IPO GMP today and much more. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
