ALLIED BLENDERS AND DISTILLERS LIMITED

IPO Details

Allied Blenders and Distillers IPO is open for subscription starting Tuesday, June 25, 2024 and closing on Thursday, June 27, 2024. The price of this upcoming IPO is decided at Rs 267 to Rs 281 per share. The minimum lot size for the retail category is 53 shares. The minimum lot size for small NII is 14 lots consisting of 742 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 3,604 shares. The minimum investment required for retail category investors is Rs 14,893 (281 x 53 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,502 (281 x 742 shares); for big non-institutional investors, it is Rs 10,12,724 (369 x 3604 shares). Allied Blenders and Distillers IPO is a book-built issue of Rs 1500 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 3.56 crore equity shares amounting to Rs 1000 crores. The offer for sale is of Rs 1.78 crores amounting to Rs 500 crores. The allotment for this IPO is expected to be finalised on Friday, June 28, 2024. Allied Blenders and Distillers Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, July 2, 2024. The book-running lead managers of Allied Blenders and Distillers Limited are Nuvama Wealth Management Limited, ICICI Securities Limited, Iti Capital Limited. The registrar for this new IPO is Link Intime India Limited.