Incorporated as “YOU AND ME PROPERTIES PRIVATE LIMITED” Indian made foreign liquor (IMFL) Company with wide and popular range of products. Allied blenders and distilleries products include famous products like Officers Choice, Officers Choice Blue, Sterling Reserve,Kyron,Iconiq White and ZOYA.
Allied Blenders and Distillers IPO Details:
Allied Blenders IPO is a Book Build offer of 1500Crores with 1000cr of Fresh Issue and 500cr of Offer for sale from Promoters.
Promoters Bina Kishore Chhabria and Resham Chhabria Hemdev Selling their stake which they acquired at 0.03 and 0.05rs respectively according to DHRP.
SEBI has taken action against promoter Kishore Rajaram Chhabria for non-compliance with listing agreements.
Allied Blenders IPO OPENS ON 25TH Jun and Closes on 27th Jun 2024.
IPO Price band ranges from 267 to 281 per Share, with a face value of RS.2/-
Grey Market Premium:
According to off market transactions, Allied ipo is trading at a premium of 30% premium to the Issue price.
Major Risks for IPO:
P/E (Price to earnings ratio) at a upper band is at 4014 times as compared to Average industry peers.