Allied Blenders IPO subscription started on 25 June 2024 and will close on 27 June 2024. Allied Blenders and Distillers plans to raise around INR 1,500 crores via the IPO. The price band is fixed at INR 267 – 281 per share. Allied Blenders and Distillers IPO market lot is 53 shares and minimum application amount is INR 14,893. The retail quota is 35%, QIB is 50% and NII is 15%.

Allied Blenders and Distillers is the largest Indian-made foreign liquor (IMFL) company. By the end of 2023, their extensive reach spanned across India with 12 regional sales support offices and nearly 79,329 outlets. Among the few, precisely one of four spirits companies in India, they boast a comprehensive sales and distribution network nationwide. They are a domestic giant and a leading exporter of IMFL, capturing an estimated 11.8% market share in the Indian whisky segment for the fiscal year 2023.

Check Allied Blenders IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. In addition, there are shares reserved for employees and the company is giving nearly 10% discount to its employees. Here you can find Allied Blenders IPO subscription status segregated by days and investor categories.

Allied Blenders IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Investor Categories in Allied Blenders IPO Subscription

The three most important categories of IPO investors defined by SEBI are part Allied Blenders and Distillers IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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