Allied Blenders Makes It Debut on Exchanges with 14% Premium

Established in 2008, Allied Blenders and Distillers is an international liquor company that manufactures its products in India. Four international alcoholic beverages made in India, including vodka, rum, brandy, and whiskey, are available from the company. Moreover, they offer drinking water in packs that bear the Officer’s Choice, Sterling Reserve, and Officer’s Choice Blue labels.

Details about the ABD IPO:

The subscription status for Allied Blenders and Distillers’ IPO was 23.49 times on Thursday, the final day of bidding. Qualified institutional buyers (QIBs) received 50.37 subscriptions in the section designated for them, while non-institutional investors received 32.35 subscriptions and only 4.42 subscriptions from retail traders.

Markets were expecting a decent opening because of the strong fundamentals of the company with domestic and global exposure in the market.

The Allied Blenders IPO is set to be one of the largest IPOs in recent times, with a total worth of Rs.1,500 crore. The fresh issue of Rs.1,000 crore will be used for various purposes, such as expanding production capacity, marketing and branding activities, and working capital requirements.

The offer-for-sale (OFS) of Rs.500 crore worth of equity shares by the promoters and other investors will provide an exit route for existing shareholders while also allowing new investors to participate in the growth story of Allied Blenders. This dual approach of raising funds through a fresh issue and providing an opportunity for existing shareholders to monetize their investments showcases the company’s commitment to both growth and shareholder value creation.

Allied Blenders and Distillers Shoots in the Stock Market:

The issue price for the IPO is Rs.281, and it opens at Rs.320 on the NSE, which is almost 14% higher than the issue price. This bumper opening will boost the company and investors.

Conclusion: We believe that this stock is the best choice for future investment due to the company’s strong presence in the global market. With a proven track record of success and a solid reputation, this company has demonstrated its ability to thrive in diverse economic environments. Its products and services are in high demand worldwide, making it well-positioned for continued growth and profitability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.