IPO Update: Officer Choice branded company Allied Blenders & Distillers is preparing to launch its IPO. It is believed that in the new year, the company can raise close to Rs 2300 crore from the market through IPO. With the coming of IPO of Allied Blenders & Distillers, the company can get a valuation of more than Rs 22,500 crore. Between January and March, the first quarter of the new year, the company can file DRHP with SEBI.
Allied Blenders & Distillers sells everything from whiskey to rum and vodka in 29 countries. In addition, the company has nine bottling plants, a distilling facility and more than 20 outsourced manufacturing sites.
In the new year, many big public sector to private companies are bringing their IPO, in which the IPO of the largest public sector insurance company LIC is coming. Which is going to prove to be the most mega IPO in the country’s IPO history. It is believed that the size of LIC’s IPO can be of one lakh crore rupees. So apart from this, apart from Adani Wilmar, SBI Mutual Fund, e-commerce companies like Flipkart, Snapdeal are also going to come up with IPO in 2022.
However, many IPOs will depend on the trend of the stock market. Due to the sell-off in the stock market, many shares listed in the stock market recently have been listed by falling below their issue price. In which Shriram Properties IPO. Rategain IPO and Star Health IPO which is trading in the market below its issue price.
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