Allied Blenders and Distillers IPO
Allied Blenders and Distillers Limited (ABDL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 July 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +13.4% (likely range +12% to +16%), day's high +17.5%, chance of a gain 82%. Actual: +13.9% at the open, +15.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,12,13,481 | 56,48,57,994 | 50.4x | |
| NII (HNI) total | 84,10,112 | 27,24,73,212 | 32.4x | |
| Big NII (above ₹10 lakh) | 56,06,741 | 21,17,98,229 | 37.8x | |
| Small NII (₹2-10 lakh) | 28,03,371 | 6,06,74,983 | 21.6x | |
| Retail | 1,96,23,595 | 8,85,48,319 | 4.51x | |
| Employees | 1,24,481 | 12,31,667 | 9.89x | |
| Total | 3,93,71,669 | 92,71,11,192 | 23.5x |
Bids on NSE and BSE together, as published by NSE, as of 27 Jun 2024, 07:00 PM. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Allied Blenders and Distillers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| CarTrade TechAug 2021 | 35.4x | 41.0x | 2.75x | 20.3x | ₹2,999 Cr | -1.1% | 0.0% |
| Jana Small Finance BankFeb 2024 | 38.7x | 25.1x | 5.46x | 18.5x | ₹590 Cr | -4.3% | -1.2% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| JNK IndiaApr 2024 | 75.7x | 23.3x | 4.11x | 28.1x | ₹651 Cr | +49.6% | +71.6% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), ITI Capital | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Allied Blenders and Distillers IPO price band and lot size? ₹267–281 per share, with a lot of 53 shares, so the smallest retail bid is ₹14,893.
How many times has it been subscribed? 23.5x overall: QIB 50.4x, NII 32.4x, retail 4.51x, employees 9.89x.
How did it list? It opened at ₹320, +13.9% against the issue price of ₹281, and closed its first day +13.1%.
