Allied Blenders and Distillers Ltd, renowned for its popular brand Officer’s Choice Whisky, is gearing up to launch its initial public offering (IPO) worth Rs 1,500 crore. The IPO will commence on June 25 and conclude on June 27, with a one-day bidding window for anchor investors opening on June 24, as per the red herring prospectus (RHP). The offering comprises a fresh issuance of equity shares amounting to Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by existing promoters. Key shareholders including Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, and Neesha Kishore Chhabria will participate in the OFS.
Allied Blenders and Distillers Prepares for Rs 1,500 Crore IPO Launch
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