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Allied Blenders IPO
Allied Blenders
Allied Blenders IPO Details
Allied Blenders and Distillers Limited is coming up with an IPO to raise Rs. 1,500.00 crores. The IPO will open on June 25, 2024 with a price band of Rs. 267 to Rs. 281 per share and will close on June 27, 2024. The offer is a combination of fresh issue of Rs. 1,000.00 crores and offer for sale of Rs. 500.00 crores.
Funds Utilization
The funds acquired through the IPO will be utilized for the following purposes:
Fresh issue:
Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company.
General corporate purposes.
Offer for sale:
The proceeds received from the Offer for Sale will not form part of the Net Proceeds
Each Selling Shareholder will receive the proceeds from the Offer for Sale after deducting their share of the associated expenses and applicable taxes. These proceeds will not be included in the Net Proceeds of the company.
Company Business
The company operates in the alcoholic beverages industry.
The products/services offered are a range of Indian-made foreign liquor (IMFL) brands, including whisky, brandy, rum, vodka, and gin.
Allied Blenders is renowned for its flagship brand Officer’s Choice Whisky and other popular brands like Sterling Reserve and Officer’s Choice Blue.
They also sell packaged drinking water under their brands, Officer’s Choice, Officer’s Choice Blue and Sterling Reserve brands.
Allied Blenders Strengths
- The brand has solidified its position in the Indian market with widespread recognition, effectively reaching customers nationwide.
- Allied Blenders offers a diverse array of modern products that cater to a broad spectrum of customer requirements and preferences.
- The company prides itself on its dedicated in-house research and development team, which spearheads product innovation and upholds rigorous quality control standards.
Allied Blenders Revenue & Profit
+6.398 | +0.010 |
+7.208 | +0.002 |
+7.117 | +0.004 |
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Allied Blenders IPO Dates
| Open Date | 25 June , 2024 |
| Close Date | 27 June , 2024 |
| Allotment Date | 28 June , 2024 |
| Initiation of Refunds | 1 July 2024 |
| Credit of Shares to Demat Account | 1 July 2024 |
| Listing Date | 2 July 2024 |
Allied Blenders IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | 13 |
Seize the Opportunity! Apply for Allied Blenders IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Allied Blenders IPO Subscription Breakup
| QIBs | 50% |
| Non Institutional Investors | 15% |
| Retail Investors | 35% |
How to Apply for Allied Blenders IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Allied Blenders IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Allied Blenders IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.