ALLIED BLENDERS IPO ALLOTMENT STATUS FINALISATION TODAY: HOW TO CHECK IT ONLINE

The share allotment status for the IPO of Officer's Choice Whiskey maker, Allied Blenders and Distillers Ltd, is set to be finalised on Friday, June 28, following strong investor interest.

The shares are expected to be listed on both BSE and NSE on July 2.

Allied Blenders' ₹1,500-crore IPO, open for subscription from June 25 to June 27, saw a subscription rate of 28.55 times, with investors bidding for 92.71 crore equity shares against the offered size of 3.94 crore equity shares.

Investors can check the IPO allotment status on the official website of the IPO registrar, LinkIntime India Pvt Ltd, or through the NSE and BSE websites once the status is finalized.

Steps to Check Allied Blenders IPO Allotment Status:

On BSE Website:

1.Visit BSE IPO Allotment Status

2. Select 'Equity' as the issue type

3. Choose 'Allied Blender' from the 'Issue Name' drop-down menu

4. Enter your IPO application number or PAN number

5.Click 'Search' to view your allotment details

On Registrar's Website:

Visit LinkIntime India IPO Status.

1. Select 'Allied Blender' from the drop-down menu

2. Choose one of the following options: PAN, Application number, DP/Client ID, or Account No/IFSC

3. Enter the required details to view your allotment status and details

Please note that allotment details can only be checked after the share allocation status is finalised.

Ahead of the issue opening, llied Blenders garnered ₹449.1 crore from institutional investors via an anchor book on June 24. Investors in the anchor book included Goldman Sachs, Societe Generale, Nippon Life India, LIC Mutual Fund, BNP Paribas, and 360 One Special Opportunities Fund, among others.

The company has set a price band of ₹267 to ₹281 per share for the issue. Investors could bid for 53 shares in one lot and in multiples thereof.

Allied Blenders IPO Details

The public offer includes a fresh issuance of equity shares worth ₹1,000 crore and an offer for sale of shares amounting to ₹500 crore by promoters. As part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, and Neesha Kishore Chhabria will offload shares.

The funds raised from the fresh issue, worth ₹720 crore, will be used to pay off debt, with a portion allocated for general corporate purposes.

About the Company

Allied Blenders and Distillers, an Indian-made foreign liquor manufacturer, produces whiskey, brandy, rum, and vodka. They also market packaged drinking water under the Sterling Reserve, Officer's Choice,and Officer's Choice Blue brands.

The company's topline rose by 8% year-on-year, while the bottomline grew by 47% for the nine months ending December 2023.

2024-06-28T06:29:48Z dg43tfdfdgfd