Allied Blenders IPO lists at ₹320, achieves 14% Gain on Market Debut

Allied Blenders debuts strongly on NSE and BSE, opening 13-14% above issue price. As India's largest Indian-owned IMFL company with 8.2% market share, it plans debt management and corporate growth using IPO proceeds.
Allied Blenders IPO lists at ₹320, achieves 14% Gain on Market Debut

Allied Blenders & Distillers made a strong market debut on July 2, listing at ₹320, 13.87% above its IPO price of ₹281. The Maharashtra-based liquor manufacturer plans to use the fresh issue proceeds primarily for debt repayment and general corporate purposes, aligning with market expectations.


Allied Blenders’ IPO saw mixed investor interest by Day 2. Employees led with 5.08x subscription, followed by NIIs (2.98x) and RIIs (1.65x). QIBs were cautious at 0.14x. Overall, the IPO was subscribed 1.51 times, indicating positive market reception.

Allied Blenders, India’s largest Indian-owned IMFL company, has pan-India distribution and global exports. With an 8.2% market share, it aims to manage debt through loan prepayments of ₹708.98 crores and use proceeds for general corporate purposes, including working capital and brand promotion.

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