IPO News Updates: The IPO of the liquor selling company Allied Blenders is about to open. The company’s IPO size is Rs 1500 crore. The company will issue 3.56 crore new shares through IPO and 1.78 crore shares under offer for sale. Let us tell you that the IPO will be open till June 27 i.e. Wednesday. The situation in the gray market is also getting stronger day by day.
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Price Band Rs. 267 to Rs. 281
The company for IPO is Rs. 267 to Rs. 281 price band was fixed. The company has created one lot of 53 shares. Due to which investors have to bet at least Rs 14,893. Let us tell you that the investors who bet on the company’s IPO will be allotted shares on June 26. Whereas, the listing in BSE and NSE will take place on July 2.
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Employee discount
Employees of Allied Blenders have got a special discount. The company is offering a discount of Rs 26 per share through the IPO. The IPO raised Rs. 449.10 crore has been managed to collect. The company’s IPO was open to anchor investors on June 24.
A maximum of 50 percent of the IPO will be reserved for qualified institutional buyers. At the same time, at least 35 percent of the shares will be reserved for retail investors.
What is GMP? (Allied Blenders IPO GMP Today)
The position of the company in the gray market is good. IPO today in gray market Rs. 82 is available at a premium. If the situation remains unchanged till the listing, the IPO in the stock market will cost Rs. Can debut above 360. If this happens, investors can get a profit of 29 percent on the first day.
The promoters’ total stake in the company before the IPO was 96.21 percent. Which has now reduced to 80.91 percent.