ABD files IPO papers with SEBI

Allied Blenders and Distillers (ABD) Ltd. has resubmitted preliminary documents with the capital markets regulator, the Securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore through an Initial Public Offering (IPO). ABD has been engaged in manufacturing, marketing and sale of alcobev products in India and abroad.

The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, as per the reports.

Earlier, ABD had filed draft papers with market regulator in June 2022 for Rs 2,000 crore IPO. SEBI approved the company’s proposal in December 2022 to float the maiden public issue but the company did not proceed with the launch.