Officer's Choice whisky maker Allied Blenders raises Rs 449 cr ahead of IPO
Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription.
Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro Commercial (India) Ltd and Troo Capital were among anchor investors who were allotted shares, according to a circular uploaded on BSE website.
The company has allotted 1.6 crore equity shares to 17 funds at Rs 281 apiece, which is also the upper end of the price band. This translates into a transaction size of Rs 449 crore, it added.
The Rs 1,500-crore issue with a price band of Rs 267 to Rs 281 per share will open for public subscription during June 25-27.
The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters.
As a part of the OFS, Bina Kishore ...