The initial public offering of Allied Blenders and Distillers Ltd. entered the third and final day on Thursday and has been subscribed 23.55 times. It was subscribed 1.51 times on the second day and 0.51 times on the first day.
The IPO consists of a mix of fresh issues of equity shares worth Rs 1,000 crore and an offer for sale worth Rs 500 crore by the existing shareholders. The company has set the price band at Rs 267–281 apiece, with a minimum application lot size of 53 shares.
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It had raised Rs 449 crore from anchor investors ahead of its IPO. Investors who have bid for the issue can check the Allied Blenders And Distillers IPO Allotment status here.
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Issue Details
Issue opens: June 25.
Issue closes: June 27.
Issue price: Rs 267–281 per share.
Fresh issue: Rs 1,000 crore.
Offer for sale: Rs 500 crore.
Total issue size: Rs 1,500 crore.
Bid lot: 53 shares.
Listing: BSE and NSE.
Business
Allied Blenders started with a single-brand in 2008— Officer's Choice Whisky. The company now offers a diverse range of products, including whisky, brandy, rum and vodka.
It specialises in Indian made foreign liquor and packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.
Officer's Choice Whisky, launched in 1988, marked the company's entry into the mass premium whisky market. It has been one of the top-selling whisky brands globally by annual sales volume from 2016 to 2019.
Subscription Status: Day 3
The IPO has been subscribed 23.55 times as of 7 p.m. on Thursday.
Institutional investors: 50.37 times.
Non-institutional investors: 32.40 times.
Retail investors: 4.51 times.
Employee reserved: 9.89 times.
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