The corporate has allotted 1.6 crore fairness shares to 17 funds at Rs 281 apiece, which can be the higher finish of the worth band. This interprets right into a transaction measurement of Rs 449 crore, it added.
The Rs 1,500-crore difficulty with a value band of Rs 267 to Rs 281 per share will open for public subscription throughout June 25-27.
The preliminary share sale contains recent issuance of fairness shares price Rs 1,000 crore and an offer-for-sale (OFS) of shares price Rs 500 crore by promoters.
As part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will promote shares. Broking companies have pegged the corporate’s market capitalisation to Rs 7,860 crore post-issue. Proceeds from the recent difficulty price Rs 720 crore can be used for the cost of debt, and a portion can be used for basic company functions. The whole debt on the corporate’s books was round Rs 808 crore as of December 2023.
Half of the problem measurement has been reserved for certified institutional traders, 35 per cent for retail traders and the remaining 10 per cent for non-institutional traders.
Additional, traders can bid for 53 shares and in multiples thereof.
With a market share of over 8 per cent within the Indian-Made International Liquor (IMFL) market by gross sales volumes in Fiscal 2023, Allied Blenders and Distillers is engaged within the manufacturing, advertising and marketing and sale of alcoholic drinks in India and overseas.
The product portfolio of the agency contains a number of manufacturers of IMFL in whisky, brandy, rum and vodka.
A number of the main manufacturers of the corporate embrace Officer’s Selection Whisky, Sterling Reserve Whisky, Jolly Roger Rum and Class 21 Vodka.
ICICI Securities Ltd, Nuvama Wealth Administration Ltd and ITI Capital Ltd are the e-book operating lead managers to the problem. The fairness shares of the corporate are proposed to be listed on the BSE and NSE.
