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ABD sets upcoming IPO price band

Allied Blenders and Distillers Ltd. sets its IPO price band at Rs. 267–281, aiming to raise Rs. 1,500 crore. The public offering, managed by ICICI Securities, Nuvama Wealth, and ITI Capital, opens on 25th June and closes on 27th June, with subscriptions starting at a minimum of 53 shares.

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ABD sets upcoming IPO price band

Allied Blenders and Distillers Ltd. has set a price band of Rs. 267–281 per share for its upcoming initial public offering. The company aims to raise up to Rs 1,500 crore in the primary market through an offer for sale totaling Rs. 500 crore and a fresh issue of shares worth Rs. 1,000 crore.

ICICI Securities Ltd., Nuvama Wealth Management Ltd. and ITI Capital Ltd. will serve as the book-running lead managers for Allied Blenders' public offering.

The issue opens for subscription on 25th June and closes on 27th June. The anchor portion of the offer will open on 24th June. The minimum lot size for bidding will be 53 shares, with further bids to be made in multiples, according to the company.