The scrip was listed at Rs 318.10, exhibiting a premium of 13.2% to the issue price.
So far, the stock has hit a low of 319.90 and a low of 306.70. On the BSE, over 20.28 lakh shares of the company were traded in the counter so far.
The initial public offer (IPO) of Allied Blenders and Distillers was subscribed 23.55 times. The issue opened for bidding on 25 June 2024 and closed on 27 June 2024. The price band of the IPO was fixed at Rs 267 to 281 per share.
The IPO comprised fresh issue of equity shares aggregating upto Rs 1,000 crore and an offer for sale of equity shares aggregating up to Rs 500 crore by Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev.
The objectives for the fresh issue included prepayment/scheduled re-payment of certain outstanding borrowin...
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