Allied Blenders IPO GMP Today (26 June)

The ABD IPO has opened so keep checking its latest GMP rates for making a better decision whether to apply or not.

by FighterMan Updated: 27 Jun, 2024, 09:13 IST
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Allied Blenders and Distillers (ABD) is set to launch its Initial Public Offering (IPO) on June 24 (June 25 for retail investors) 2024, with the aim to raise ₹1,500 crore. The IPO price band is set between ₹267 and ₹281 per equity share. The offering consists of a fresh issue of shares worth up to ₹1,000 crore and an offer for sale by existing shareholders worth up to ₹500 crore​. Allied Blenders IPO GMP Today is on the positive side so let's see how it performs in the coming days.

Allied Blenders and Distillers IPO GMP Today: Opens on 25 June

The proceeds from the fresh issue will primarily be used to repay certain outstanding borrowings and for general corporate purposes. Additionally, ABD may consider a "Pre-IPO placement" of up to ₹200 crore, which could potentially reduce the size of the fresh issue​.

ABD, established in 1988 and based in Mumbai, is renowned for its flagship product, Officer’s Choice Whisky. The company has expanded its portfolio over the years to include several other brands, such as ICONiQ White Whisky, Srishti Whisky, and X&O Barrel Whisky, focusing increasingly on premiumization​. It is one of India's leading IMFL (Indian Made Foreign Liquor) companies.

ABD has shown strong financial performance with significant revenues from its operations. For instance, in FY 2021, the revenue from operations was ₹63,787.76 million​​. That’s why, Allied Blenders IPO GMP looks promising.

The IPO will see 50% of the shares reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. The shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 1, 2024​.

The Allied Blenders and Distillers IPO GMP Today is ₹77. This IPO is now open for subscription so keep checking the latest GMP rates for making a better decision whether to apply or not.

Date & Time

GMP

20 June, 10:32 am 

₹50 

21 June, 9:57 am 

₹85 

22 June

₹50

23 June

₹74

24 June, 9:15 am 

₹80 

25 June, 9:45 am

₹82 

25 June, 5 pm  ₹91 

26 June, 9:48 am 

₹87 

27 June, 9:10 am (Today)

₹77 (Latest)

Disclaimer: This article is for information purposes only. We are not SEBI registered so consult your financial advisor before making investment.

ABD if performs like AB DE 'Villiers😜then get ready for amazing listing gains as ABD IPO GMP has started well, that too early! You can also check out Akme Fintrade IPO GMP Today as it is getting better on day 2, but nothing much as day 3 started.

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FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
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