Allied Blenders & Distillers IPO subscribed 23.49 times on Final Day

The Initial Public Offering of Allied Blenders & Distillers Limited was subscribed 23.49 times on the final day of bidding.

The issue received bids of 92,49,01,039 shares against the offered 3,93,71,669 equity shares, at a price band of ₹267-281, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion and Non-Institutional Investors Portion and were subscribed 50.37 times and 32.35 times respectively. Employee Portion was subscribed 9.64 times and Retail Portion was subscribed 4.42 times.

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 issue. The equity shares are proposed to be listed on the BSE and NSE.

Source : Equity Bulls

Keywords

AlliedBlendersandDistillers FundRaising IPO Oversubscription