Allied Blenders IPO Draws Major Buzz with 23.55x Oversubscription On Day 3!

Allied Blenders IPO attracted strong interest on Day 3, with QIBs leading at 50.37 times, followed by NII and Employees, achieving a total subscription of 23.55 times.
Allied Blenders IPO Draws Major Buzz with 23.55x Oversubscription On Day 3!

Allied Blenders and Distillers IPO  saw varied subscription levels on Day 3, QIBs subscribed 50.37 times, Non-Institutional Investors 32.40 times, Retail Individual Investors 4.51 times, and Employees 9.89 times, resulting in a total subscription of 23.55 times, showing strong market interest.

How To Check Allied Blenders and Distillers Limited IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Allied Blenders and Distillers Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Allied Blenders and Distillers IPO Allotment Status

The allotment date for the Allied Blenders and Distillers is set for June 28, 2024, with shares priced at a range of ₹267 to ₹281 per share and a face value of ₹ 2. The offering consists of lots of 53 shares, with bids accepted for these lots or their multiples. 

Allied Blenders and Distillers IPO Subscription Status

Allied Blenders and Distillers IPO  has seen diverse subscription rates by Day 2: QIBs at 0.14 times, Non-Institutional Investors at 2.98 times, RIIs at 1.65 times, and Employees at 5.08 times, cumulating in a total subscription of 1.51 times.

Allied Blenders and Distillers IPO Limited IPO Listing Date 

Allied Blenders and Distillers IPO is expected to be listed on the NSE SME on July 2, 2024.

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