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Allied Blenders IPO Subscribed 23.55 Times
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IPO of Allied Blenders and Distillers was subscribed 23.55 times on Thursday, its final day of bidding. The retail investor category of the issue was subscribed 4.51 times while the qualified institutional investors category was subscribed 50.37 times.
The non-institutional investor, or high net worth investor, category was subscribed 32.4 times.
The IPO comprised a fresh issue of 1,000 crore and an offer for sale of 500 crore at a price band of 267-281 apiece. The company is the third-largest Indian-owned-made foreign liquor (IMFL) company in India and its product range is made of whisky, brandy, rum, vodka and gin.
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. Read more on economictimes.indiatimes.com
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