Mumbai-based distiller Rs. 15 billion ($180 million) by raising Rs. 267 and Rs. Plans to offer shares among 281, the people, who declined to be identified discussing confidential information. Terms may be announced this week, they said.
The maker of Officers’ Choice whiskey said in a draft prospectus published in January that it will invest Rs. Can raise funds up to 15 billion. It is Rs. 10 billion in new shares and Rs. 5 billion to be split between sales, the prospectus said.
A representative for Allied Blenders and Distillers declined to comment.
The company, which also makes Jolly Roger rum, as well as vodka, gin and bottled water, received approval from the Securities and Exchange Board of India for its IPO in May. The company also sought a listing several years ago, with Bloomberg News reporting in 2021 that it was seeking a valuation of at least $2.5 billion.
According to the prospectus, the lead managers on the listing are ICICI Securities Ltd., Nuwama Wealth Management Ltd. and ITI Capital Ltd. is
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