Allied Blenders ..

Allied Blenders becomes a billion-dollar company on debut; shares list at 14% premium

(L-R) Mr. Kishor Chhabria- Chairman, Mr. Alok Gupta-MD of Allied Blenders and Distillers (ABD), Mr. Ashish Kumar Chauhan- NSE and Mr. Ashwani Khare, ICICI Securities at ABD Listing Ceremony, NSE

Tuesday, July 02, 2024: Allied Blenders & Distillers Limited becomes a billion-dollar company on debut after the shares listed at 14% premium.

The scrip listed Rs 318.10 per share on BSE, a premium of 13.20% and Rs 320 per share on NSE, a premium of 13.88%. The company's share price closed at Rs 317.85 per share on the BSE, a 13.11% premium, and at Rs 317 per share on the NSE, a 12.81% premium.

As per NSE, the total quantity traded stood at 493.62 lakh shares, on BSE the total Quantity stood at 36.95 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1,677.44 crore.

Alok Gupta, Managing Director, Allied Blenders & Distillers Ltd said "We are deeply grateful to our investors for their unwavering support and confidence in our vision. The listing of our shares on the exchange marks a significant milestone in our journey, and we couldn't have reached this achievement without your belief in us. This accomplishment is a testament to the hard work and dedication of our entire team and the trust our investors have placed in us. We look forward to continued growth and success together. Thank you for being an integral part of our journey."

The Market Capitalization of the Company at today’s closing price stood at Rs. 8,890.59 Crore as per BSE and Rs. 8,866.81 Crore as per NSE.

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