Allied Blenders IPO subscribed 80% on Day 2 ; check out price band, lot size, allotment date, other details

Allied Blenders IPO: The IPO of Allied Blenders and Distillers opened for subscription on June 25. The IPO of the company will be open for subscription for three trading days, i.e., until Thursday, June 27 from 10 am to 5 pm. Allied Blenders IPO is a book-built issue of Rs 1,500 crores and the issue is a combination of a fresh issue of 3.56 crore.

Allied Blenders IPO subscription status

According to provisional exchange data, Allied Blenders IPO's share sale received bids for  5,96,04,754 shares against 3,93,71,669 shares on offer, translating into a subscription of  1.51 per cent on Wednesday, the second day of the bidding process.

Here are important things to know about the Allied Blenders IPO

Allied Blenders IPO allotment date

The basis of the allotment of shares under the IPO of Allied Blenders is set to be finalised on Friday, June 28. 

Allied Blenders IPO listing date

The Allied Blenders IPO stock is likely to be listed in the secondary market on Tuesday, July 2. The stock will be traded on the bourses, BSE and NSE.

Allied Blenders IPO lot size,  Allied Blenders IPO price band

Allied Blenders IPO price band is set at Rs 267 to Rs 281 per share. The minimum lot size for an application is 53 shares. The minimum amount of investment required by retail investors is Rs 14,893.

Allied Blenders IPO: Book-running lead managers

ICICI Securities, Nuvama Wealth Management and Iti Capital are the book running lead managers of the Allied Blenders IPO, while Link Intime India Private Ltd is the registrar for the issue.

What does Allied Blenders do?

Incorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company. Allied Blenders offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.

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