Allied Blenders sets IPO price band at Rs267-281/share

New Delhi: Allied Blenders and Distillers Ltd, the maker of Officer’s Choice whisky, on Thursday fixed a price band of Rs 267 to Rs 281 per share for its Rs 1,500-crore initial public offering (IPO).

The initial share-sale will open for the public subscription during June 25-27 and the bidding for anchor investors will open for a day on June 24, the company announced. Broking firms have pegged the company’s market capitalisation to Rs 7,860 crore post-issue.