How To Check Allied Blenders IPO Allotment Status

Allied Blenders IPO, set to raise ₹1,500 crores, opened for subscription on June 25, 2024, and closed on June 27, 2024. The Allied Blenders IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Allied Blenders IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Allied Blenders IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Allied Blenders" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Click Submit to retrieve the Allied Blenders IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Allied Blenders" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Allied Blenders IPO allotment status will be visible.

Allied Blenders IPO Subscription Status

As per the BSE data, the IPO has seen a subscription of 23.55 times as of the final day of bidding. The Qualified Institutional Buyers (QIBs) category was subscribed 50.37 times, the Non-Institutional Investors (NIIs) category was subscribed 32.40 times, and the Retail Individual Investors (RIIs) category was subscribed 4.51 times. The employee category saw a subscription of 9.89 times.

The IPO’s allocation structure reserves 20% of the shares for QIBs, 15% for NIIs, 35% for Retail Investors and the rest for anchor investors

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Allied Blenders IPO GMP

The Allied Blenders IPO GMP is currently reported at ₹57. With the IPO's price band set at ₹281, the expected listing price is ₹338, indicating a potential gain of approximately 20% on the listing. However, it’s important to note that GMPs are just an indicator and should not be the sole factor behind the company’s performance upon listing.

Allied Blenders IPO Details

The IPO is a combination of a fresh issue of 3.56 crore shares and an offer for sale of 1.78 crore shares. The price band for the IPO is set at ₹267 to ₹281 per share, with a minimum lot size of 53 shares. The proceeds from the IPO will be used for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and addressing general corporate purposes.

Prior to the IPO launch, the company secured ₹180 crores from anchor investors, including JM Financial Mutal Fund, LIC MF Dividend Yield Fund and others. The shares of Allied Blenders are tentatively scheduled to be listed on both the BSE and NSE, on Tuesday, July 2, 2024.

About Allied Blenders

Established in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company offering whisky, brandy, rum, and vodka. They also sell packaged drinking water under the brands Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve. Officer’s Choice Whisky, introduced in 1988, was one of the top-selling whisky brands globally by annual sales volumes from 2016 to 2019.

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Posted In: NewsIPOsAllied Blenders