How to Check Allied Blenders IPO Allotment Status

Allied Blenders is raising ₹1,500 crores through its IPO, which was open for subscription from June 25, 2024, to June 27, 2024. The allotment status for the IPO is expected to be finalized today.

If you have applied for the IPO, here’s how you can check your allotment status:

Checking Allotment Status on Registrar’s Website:

1. Visit the registrar’s website.
2. Click on “Company Selection” and choose “Allied Blenders” from the dropdown menu.
3. Enter your PAN, application number, or Demat account details.
4. Click “Submit” to view your 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 to see the number of shares allotted to you.

If all the details are correct and the allotment has been finalized, your status will be displayed.

Allied Blenders IPO Subscription Status

According to BSE data, the IPO was subscribed 23.55 times by the end of the bidding period. The subscription breakdown is as follows:

• Qualified Institutional Buyers (QIBs): 50.37 times
• Non-Institutional Investors (NIIs): 32.40 times
• Retail Individual Investors (RIIs): 4.51 times
• Employees: 9.89 times

The allocation structure reserves 20% of the shares for QIBs, 15% for NIIs, 35% for retail investors, and the remaining for anchor investors.

Allied Blenders IPO GMP

The Grey Market Premium (GMP) for the Allied Blenders IPO is currently ₹57. With the IPO price band set at ₹281, the expected listing price is ₹338, suggesting a potential gain of around 20%. However, GMPs are just indicators and should not be the only factor considered for the company’s performance upon listing.

Allied Blenders IPO Details

The IPO includes a fresh issue of 3.56 crore shares and an offer for sale of 1.78 crore shares. The price band is set between ₹267 and ₹281 per share, with a minimum lot size of 53 shares. The funds raised will be used for repaying existing borrowings, financing working capital needs, and general corporate purposes.

Before the IPO launch, the company raised ₹180 crores from anchor investors, including JM Financial Mutual Fund and LIC MF Dividend Yield Fund. The shares are expected to be listed on both the BSE and NSE on Tuesday, July 2, 2024.

About Allied Blenders

Founded in 2008, Allied Blenders and Distillers is an Indian company that produces 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, launched in 1988, was one of the top-selling whisky brands globally by annual sales volumes from 2016 to 2019.

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