Allied Blenders and Distillers IPO day 3: GMP, subscription status to review. Should you apply as bidding ends today?
Allied Blenders and Distillers IPO: As of the third day of the Allied Blenders and Distillers IPO, the initial public offering (IPO) of Allied Blenders and Distillers Limited, which commenced on 25th June 2024, is currently open for subscription until 27th June 2024. This means that primary market investors have a single day left to apply for the public issue.
The beverage company has set the Allied Blenders and Distillers IPO price band at ₹267 to ₹281, with the initial offer intended for listing on BSE and NSE. The public issue, valued at ₹1500 crore, is a combination of fresh issue and OFS (offer for sale).
Stock market observers have noted that shares of Allied Blenders and Distillers Limited are trading at a premium of ₹88 in the grey market today.As mentioned above, Allied Blenders and Distillers IPO GMP (grey market premium) today is ₹88, which is ₹3 higher than Wednesday's GMP of ₹85. They said that the positive outlook of the Indian stock market and the initial offer getting fully subscribed within two days of bidding has fueled the grey market sentiments regarding Allied Blenders and Distillers IPO.
They said that the secondary market has been rising for the last three days, and this has trickled down in the primary market as well because Allied Blenders and Distillers IPO GMP on 25th June ahead of the issue opening was around ₹75. So, Allied Blenders and Distillers IPO GMNP has risen from ₹75 to ₹88 in two straight sessions.By 10:33 AM on day 3 of bidding, the public issue was booked 2.04 times, the retail portion of the initial offer was subscribed 2.06 times, the NII portion was booked 4.45 times, and the QIB segment was filled 0.15 times.Giving a 'subscribe' tag to the mainboard IPO, Choice Broking said,
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