Allied Blenders gets SEBI nod for Rs 1,500 cr IPO

NEW DELHI: Liquor maker Allied Blenders and Distillers has received a nod from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 1,500 crore through an initial public offering (IPO). The company had refiled its IPO papers with Sebi on January 15, 2024.

The shares are offered at a face value of Rs 2 and is a mix of fresh issue of up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 500 crore by Promoters and Promoter Group.