Allied Blenders IPO Lists at 13.88% Premium on NSE, 13.2% on BSE

Allied Blenders IPO - Lists 13.88% Up on NSE

Allied Blenders IPO had a modest to strong listing on July 2, 2024, listing at ₹320.00 per share, a premium of 13.88% over the issue price of ₹281 per share. Below is the pre-open price discovery summary for the Mainboard IPO of Allied Blenders IPO on the NSE as of 9:50 am.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The mainboard IPO of Allied Blenders and Distillers was a book built IPO with a price band of ₹267 to ₹281 per share. The price was discovered at the upper end of the band at ₹281 per share after a robust subscription response of over 24X and the anchor allocation also happening at the upper band of ₹281 per share, a day ahead of the IPO opening. On July 2, 2024, the stock of Allied Blenders and Distillers listed on the NSE Mainboard segment at a price of ₹320.00 per share, a premium of 13.88% over the IPO issue price of ₹281. For the day, the upper circuit price has been set at ₹352.00 and the lower circuit price has been set at ₹288.00.

As of 10:15 am, the volumes were 216.96 lakh shares while the turnover (value) was at ₹685.35 crore on NSE. The stock has a face value of ₹2 per share and the applicable margin rate is 25.00%. The opening market cap of the stock stands at ₹8,625 crore. The stock will be traded in the EQ series with delivery and intraday trades permitted, but part of the rolling segment cycle of the NSE. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors. At 10:15 am, it is trading higher at ₹308.35 per share; which is -3.64% below the listing price. The stock of Allied Blenders and Distillers trades with the following symbols; NSE Code (ABDL), BSE Code (544203), and the shares have been credited to the demat accounts of allottees under the designated ISIN (INE552Z01027).

How Allied Blenders IPO Listed on BSE?

Here is a quick price discovery summary of Allied Blenders and Distillers on the Bombay Stock Exchange (BSE) on the day of listing, July 2, 2024. The pre-IPO period ends at 9:50 am and actual trading on the IPO stock starts at 10:00 am on listing day.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: BSE

The Mainboard IPO of Allied Blenders and Distillers was a book built IPO priced at the upper end of the band at ₹281 per share. On July 2, 2024, the stock of Allied Blenders and Distillers listed on the BSE mainboard segment at a price of ₹318.10 per share, a premium of 13.20% over the IPO issue price of ₹281. For the day, the upper circuit price has been set at ₹349.90 and the lower circuit price has been set at ₹286.30. As of 10:16 am, the volumes were 17.17 lakh shares while the turnover (value) was at ₹53.95 crore on BSE. The stock has a face value of ₹2 per share. The stock will be traded in the regular EQ segment of the BSE in T+1 settlement cycle. The market cap of the stock stands at ₹8,660 crore while the free float market cap of the stock stands at ₹1,126 crore. At 10:16 am, the stock is trading -2.40% lower at ₹310.45 per share on the BSE.