The initial public offering (IPO) of Allied Blenders and Distillers begins bidding on Tuesday, June 25 and can be subscribed to until Thursday, June 27. The fixed price range for the company’s shares is Rs 267–281, per share. Investors can apply for up to 53 equity shares and its multiples thereafter
Allied Blenders and Distillers, founded in 2008, is an Indian-made foreign liquor (IMFL) firm. Whisky, brandy, rum, vodka and gin are the five kinds of Indian-made foreign liquor offered by the firm. In addition, they sell packaged drinking water under the names Officer’s Choice, Officer’s Choice Blue and Sterling Reserve.
Allied Blenders and Distillers’ Rs 1,500 crore issue includes a fresh share sale of Rs 1,000 crore and an offer-for-sale (OFS) of Rs 500 crore by its promoters, Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev. It has reserved shares worth Rs 3 crore for eligible employees, who would receive a discount of Rs 26 per share.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.