IPO listing of Allied Blenders in stock market, a big win for investors

Liquor selling company Allied Blenders’ IPO has got off to a great start in the stock market. Shares of the company traded at a premium of 13 per cent on BSE at Rs. is listed at 318.10. At the same time, the company’s shares traded on the NSE at a premium of 14 per cent to Rs. 320 is listed. However, after a strong listing, the company’s shares have seen a decline.

What was the price band of Allied Blenders IPO?

On BSE Rs. Shares of the company declined after touching an intra-day high of 319.90. At 10.25 a.m. on BSE, shares of Allied Blenders traded at Rs. was trading at 310.40. Let us tell you that the company’s IPO price band was fixed at Rs 267 to Rs 281 per share.

What do the experts say?

Shivani Nayati, head of wealth at Swastik Investsmart Ltd, says the company’s listing is not in line with pre-listing discussions. In such a situation, investors who want to hold this stock should place their stop loss at the issue price.

What was the size of the lot?

The company made 53 shares for the IPO. Due to which the retail investor had to bet at least Rs 14,893. Employees of the company were given a discount of Rs 26 on each share. Allied Blenders’ IPO was open to retail investors from June 25, 2024 to June 27, 2024. Let us tell you that the company’s IPO was open for anchor investors on June 24. Then the company paid Rs. 449.10 crore was collected.

The subscription increased more than 25 times in 3 days

The IPO received good response from investors. The company’s IPO was oversubscribed 0.58 times on the first day. The next day it was subscribed 1.61 times. At the same time, on the third day, the IPO was oversubscribed 24.85 times. On the third day, the retail segment was oversubscribed by 53.01 times.

(This is not investment advice. Stock market is subject to risks. Make wise decision before making any investment. Opinions of experts presented here are personal.)