The IPO with a fresh issue Rs 1,000 crore and an offer for sale of Rs 500 crore by promoters will open tomorrow and close on Thursday
MUMBAI, June 24 (The CONNECT) – Allied Blenders & Distillers Limited the largest Indian-owned Indian-made foreign liquor (IMFL) company has garnered Rs. 449.1 crore from anchor investors ahead of its initial public offering that opens for public subscription tomorrow.
The company that has a product range which includes five main categories such as whisky, brandy, rum, vodka and gin informed the bourses that it allocated 1,59,82,206 equity shares at Rs. 281 per share on Monday, June 24, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were Nippon Life MF, JM Financial MF, LIC MF, Jupiter Indian Fund, The Jupiter Global Fund MF, Troo Capital Fund, BNP Paribas Financial Market, 360 One Special Opportunities Fund, Maiq MF, Authum Investment and Infrastructure Ltd, Winro Commercial (India) Ltd, Chartered Finance & Leasing Ltd, LC Radiance Fund VCC, Integrated Core Strategies (Asia) Pte Ltd, Societe Generale – ODI, and Goldman Sachs (Singapore) Pte – ODI.
Out of the total allocation of 1,59,82,206 equity shares to the anchor investors, 53,38,109 equity shares were allocated to 3 domestic mutual funds through a total of 4 schemes amounting to Rs. 150 crore (approx.) i.e. 33.40% of the Total Anchor Book Size.
ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
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IPO Details
The IPO with a fresh issue of up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 500 crore by promoters will close on Thursday. The price band for the Offer has been determined at Rs 267 – Rs 281 per equity share.
Investors can bid for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.
The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the net offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.
