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Allied Blenders and Distillers IPO

IMFL/Spirits - Listed on 02 July 2024

+13.9% listing gain
Issue Price (Upper)
Rs 281
Listing Price
Rs 320
Closing Price (NSE)
Rs 317.9
Total Subscription
23.49x

Allied Blenders and Distillers IPO listing summary

Allied Blenders and Distillers (IMFL/Spirits) closed its IPO window in 2024 and listed on NSE and BSE on 02 July 2024 at an upper band issue price of Rs 281, opening at Rs 320 for a listing gain of +13.9% and closing day one at Rs 317.9 (+13.1% on closing basis). The IPO was subscribed 23.49x overall - QIB 50.37x, HNI/NII 32.35x, Retail 4.42x. The total issue size was Rs 1,500 Cr (Fresh Issue Rs 1000 Cr, OFS Rs 500 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+13.88%
Listing Gain (Close)
+13.13%
Day Change After Listing
-0.75%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB50.37x
HNI / NII32.35x
Retail4.42x
Overall23.49x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.51x
Day 21.52x
Day 3 (Final)23.49x

Allied Blenders and Distillers IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 57+16.01%
Day 2Rs 75+21.35%
Day 3Rs 80+23.13%
Day 4Rs 85+28.47%
Day 5Rs 80+30.25%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
16.0%-30.2%
IPOGyani AI Prediction
-
Actual Listing Gain
+13.9%

Issue & financials

Issue SizeRs 1,500 Cr
Fresh IssueRs 1,000 Cr
OFSRs 500 Cr
IPO PE42.50
Peer / Sector PE38.00
PE vs Sector Ratio1.12
Latest EBITDA (Cr)6.23
Debt / Equity1.85

Market context at listing

How the broader market moved around the Allied Blenders and Distillers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+0.09%
Nifty 1W Return+0.31%
Nifty 1M Return+4.16%
Nifty during IPO window+1.41%

Allied Blenders and Distillers IPO - FAQs

What was the listing gain of Allied Blenders and Distillers IPO?

Allied Blenders and Distillers IPO listed at +13.9% versus the upper issue price of Rs 281 on 02 July 2024.

How many times was Allied Blenders and Distillers IPO subscribed?

Allied Blenders and Distillers IPO was subscribed 23.49x overall. QIB portion was subscribed 50.37x, HNI / NII 32.35x and Retail 4.42x.

What was the IPO GMP for Allied Blenders and Distillers?

IPO GMP started at Rs 57 on Day 1 and moved to Rs 80 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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