Allied Blenders shares list at 13.8% premium over offer price
Shares of Allied Blenders and Distillers listed on Tuesday at 020 apiece, a premium of 13.8% over its issue price of 081. The stock recorded a high of 024.8 and closed at 017. The market capitalization of the company stood at Z8,891 crore at Tuesday's close.
The Rs. ₹1,500-crore public issue was subscribed 23.55 times last week, with investors bidding for 92.71 crore shares against the offer size of 3.93 crore shares. The IPO consisted of a fresh issue of ₹1,000 crore and an offer for sale of ₹500 crore. offer for sale of crore.
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