Allied Blenders & Distillers had a strong debut on the Indian stock market on July 2, 2024. The listing price of ₹320 per share represented a premium of 13.87% over the issue price of ₹281.
The high investor interest during the IPO is another positive indicator for the company. The fact that the issue was subscribed 23.55 times, with investors bidding for 92.71 crore equity shares against the offer size of 3.93 crore shares, demonstrates strong investor confidence in Allied Blenders & Distillers’ future prospects.
Company Name: Allied Blenders & Distillers
Issue Price: ₹281 per share
Listing Price: ₹320 (on NSE) and ₹318.10 (on BSE)
This strong debut aligns with predictions from market experts who anticipated a listing price in the ₹315-₹333 range
