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3 min read | Updated on June 28, 2024, 16:41 IST
SUMMARY
Allied Blenders and Distillers Ltd IPO was open for subscription from June 25 to June 27. The IPO closed with a total subscription of over 23 times.
Allied Blenders IPO was subscribed over 23 times between 25 to 27 June.
Allied Blenders and Distillers is likely to announce the share allotment status today after the close of ₹1,500 crore initial public offering. The public offer received strong demand from qualified institutional buyers and retail investors.
Allied Blenders and Distillers IPO will list on July 2 (Tuesday). Before listing, investors can easily check the share allotment status of Allied Blenders IPO on the websites of BSE, NSE and IPO registrar Link Intime India Pvt Ltd.
Allied Blenders and Distillers Ltd IPO was open for subscription from June 25 to June 27. The IPO of Officer’s Choice Whisky’s maker closed with a total subscription of over 23 times.
According to exchange data, Allied Blenders received bids for 92.47 crore shares against 3.93 crore equity shares on offer, driven by qualified institutional buyers' bidding.
The qualified institutional buyers’ quota was booked more than 50 times, as applications for 56.48 crore shares were received against 1.12 crore equity shares on offer for bidding.
Non-Institutional Buyers’ portion was booked 32 times. Bids for 27.20 crore shares were received against 84.10 lakh shares on offer.
The retail investors’ portion was booked more than four times, with bids for 8.66 crore shares pouring in against 1.96 crore shares on offer. The employee category was booked 9.62 times.
On Monday, Allied Blenders raised ₹449 crore from anchor investors in the pre-bid round. The IMFL producer allotted 1.6 crore shares at ₹281 apiece to 17 funds.
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