The price band of Allied Blenders & Distillers IPO has been finalised. The company has fixed the price in the range of ₹267 to ₹281 per equity share. Its face value is ₹2 per share. The subscription opening of Allied Blenders & Distillers IPO will start from June 25 and close on June 27. Allotment to anchor investors for Allied Blenders & Distillers IPO is scheduled to take place on June 24. According to a Livemint report, the floor price is 133.50 times the face value of the equity shares and the cap price is 140.50 times the face value of the equity shares. Bids can be made for a minimum of 53 equity shares with a face value of Rs 2 each.
The company will be listed on July 2
According to the news, in the advertisement, the company said that the allotment of shares of Allied Blenders & Distillers IPO will be finalized on June 28. Also, for those who do not get allotment, the company will start refund on July 1, while the shares will be credited to the demat account of the allottees on the same day after the refund. The share price of Allied Blenders & Distillers is likely to be listed on BSE and NSE on July 2.
The IPO is worth ₹1,500 crore
Allied Blenders & Distillers IPO is priced at ₹1,500 crore. It comprises a fresh issue of ₹1,000 crore and an offer for sale (OFS) of equity shares worth ₹500 crore by promoters and other investors. In the OFS, promoters Bina Kishore Chhabria and Resham Chhabria Jitendra Hemdev will sell shares.
ICICI Securities Limited, Nuvama Wealth Management Limited and ITI Capital Limited are the book running lead managers for the Allied Blenders IPO, while Link Intime India Private Limited is acting as the registrar. Allied Blenders and Distillers Limited has high hopes from this IPO. The company is expected to receive a lot of support from investors.
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