Allied Blenders & Distillers / Big opportunity for investors, they will be able to invest money in the IPO of this liquor company

Allied Blenders & Distillers: Good news for investors investing in IPOs. Next week, there will be an opportunity to invest in 9 IPOs. These will include two main board IPOs and 7 MSME IPOs. Let us tell you that the IPOs of Allied Blenders and Vraj Iron & Steel will open in the mainboard segment. In the SME segment, a total of seven issues will open for subscription next week. Apart from the new IPOs, there will be 11 new listings in the market, including Stanley Lifestyle, DEE Development Engineers and Acme Fintrade.

Allied Blenders & Distillers IPO

Allied Blenders & Distillers, maker of Officers Choice whisky, has fixed a price band of Rs 267-281 per share for its Rs 1,500 crore IPO, which will open for subscription on June 25. The initial share sale will close on June 27. The Mumbai-based company's IPO comprises a fresh equity issue of Rs 1,000 crore and an offer-for-sale (OFS) of Rs 500 crore by the promoters. As part of the OFS, Bina Kishor Chhabria, Resham Chhabria Jitendra Hemdev and Neesha Kishor Chhabria will sell shares. The amount of Rs 720 crore raised from the fresh issue will be used to repay debt. In addition, a portion will be used for general corporate purposes.

What does the company do?

Allied Blenders & Distillers started its journey in 1988 with the launch of flagship brand Officers Choice Whisky. The company is engaged in the manufacture, marketing and sale of alcoholic beverages in India and abroad. The firm's product portfolio includes several brands of IMFL across whisky, brandy, rum and vodka.

Vraj Iron & Steel

Vraj Iron & Steel's initial public offering (IPO) will open for subscription on June 26 and close on June 28. The company has announced a price band of Rs 195-207 per equity share. The company proposes to use the net proceeds for its capital expenditure requirement for expansion of the project at Bilaspur plant, estimated to be Rs 164.50 crore and the balance amount for general corporate purpose.

SME IPO

Seven IPOs are set to be launched in the SME segment next week. These are Visaman Global Sales, Mason Infratech, Slivan Plyboard, Shivalik Power Control, Petro Carbon & Chemicals, Divine Power and Akiko Global Services. The issues of Visaman Global Sales, Mason Infratech, Slivan Plyboard and Shivalik Power Control will open for subscription on June 24, while the rest will start from June 25. Petro Carbon's Rs 113-crore IPO is the largest, followed by Shivalik Power Control's issue, which plans to raise around Rs 64 crore.