New Delhi: Allied Blenders and Distillers IPO opens today for subscription on Tuesday, May 25, 2024. The stake sale process of the makers of Officer’s Choice Whisky received a muted response on day 1. Allied Blenders and Distillers IPO subscription status reached 20 per cent of its total issue size of Rs 1,500 crore by 11 am on Tuesday. Allied Blenders IPO retail investor subscription status reached mere 13 per cent. While, Non-Institutional Investors’ (NIIs) subscription status reached only nine per cent.
Allied Blenders and Distillers IPO GMP today
According to Chittorgarh, Allied Blenders IPO GMP today stood at around Rs 82. Considering Allied Blenders and Distillers IPO price band’s upper limit of Rs 267 to Rs 281 and the stock’s current GMP, the company’s shares may have a listing gains of over 29 per cent on the bourses. However, the grey market premium cannot be considered as an official number.
Retail investors can bid for a minimum of 53 shares in a single lot and in multiples thereof. Allied Blenders IPO minimum investment amount is Rs 14,151.
Allied Blenders and Distillers IPO Expected Allotment Date
Allied Blenders and Distillers IPO Expected Allotment Date is June 28, 2024. While, the refund initiation process will start from July 01, 2024.
Allied Blenders IPO Expected Listing Date
According to the capital market regulator, Sebi, shares of any company’s mainboard IPO should be listed on the exchanges within next three business days of the closing date of the IPO.Allied Blenders IPO dates are from June 25 to June 27. So, the expected Allied Blenders and Distillers IPO listing date is July 02, 2024
Allied Blenders and Distillers IPO Structure
Allied Blenders Qualified Institutional Buyers’ (QIBs) reservation portion comprises 50 per cent of the total IPO issue size. While, Allied Blenders IPO NII reservation has been kept at 15 per cent of the total IPO issue size. And, Allied Blenders IPO retail investors reservation has been kept at 35 per cent.
Allied Blenders and Distillers Limited Company Details
Incorporated in 1988, the company is the third largest Indian-made foreign liquor (IMFL) manufacturer in the world. Some of the brands retailed by the liquor company include IndiaOfficer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue and ICONiQ Whisky.
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Allied Blenders and Distillers IPO opens today: Check the GMP and key dates of the RS 1,500 crore IPO from the makers of Officer’s Choice Whisky. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
