Allied Blenders IPO Subscribed 10.60x on Day 3

The Allied Blenders and Distillers IPO closed on June 27, 2024. The allotment for the Allied Blenders IPO is expected to be finalised on June 28, 2024. The Allied Blenders IPO will be listed on BSE and NSE with a tentative date of July 2, 2024.

Allied Blenders IPO price band is set at ₹267 to ₹281 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,893. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,08,502, and for bNII, it is 68 lots (3,604 shares), amounting to ₹10,12,724.

Day Wise Subscription

• On the 1st day of subscription, June 25, 2024, the IPO was subscribed to 0.20x. QIBs subscribed 0.00x, NIIs subscribed 0.37x, and retail investors subscribed 0.24x.

• On the 2nd day of subscription, June 26, 2024, the IPO was subscribed to 0.67x. QIBs subscribed 0.09x, NIIs subscribed 1.33x, and retail investors subscribed 0.71x.

• On the 3rd day of subscription, June 27, 2024, the IPO was subscribed to 10.60x. QIBs subscribed 22.029x, NIIs subscribed 15.63x, and retail investors subscribed 1.97x.

Grey Market Premium

Allied Blenders and Distillers IPO last GMP is ₹55. With a price band of 281.00, Allied Blenders and Distillers IPO’s estimated listing price is ₹336 (cap price + today’s GMP). The expected percentage gain/loss per share is 19.57%.

About Allied Blenders and Distillers Limited

Allied Blenders & Distillers Ltd (ABDL) is an Indian-owned, Indian-made foreign liquor (IMFL) company having 5 main categories of IMFL, i.e. whisky, brandy, rum, vodka and gin. It also sells packaged drinking water under our Officer’s Choice, Officer’s Choice Blue and Sterling Reserve brands. The company has over the years established market leadership in the alcoholic beverages market in India with a market share of 8.2% in the IMFL market by sales volumes in FY 2023, with sales across 30 States and Union Territories, as of December 31, 2023.

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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.