Allied Blenders & Distillers Ltd. has announced public offering of 50847458 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 293.00 per share. The gross proceeds of the issue are expected to be Rs 1,50,000.00 lakhs.

The company's initial public offer (IPO) will open on 24 June 2024 and is expected to close on 26 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 281.00-295.00 per share.

The IPO includes a fresh Issue of 50847458 Equity Shares of the Company at an price of Rs 295.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Allied Blenders & Distillers Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Nuvama Wealth Management Ltd.,ITI Capital Ltd. as lead manager(s) & Link intime India Pvt. Ltd. is the registrar, to the issue.