Nuvama Wealth Management Limited acted as the financial advisor to Allied Blenders & Distillers, a major Indian manufacturer and distributor of alcoholic beverages, known for its range of whiskey and other spirits. It was the highest subscribed alcoholic beverages IPO in India in two decades with strong investor participation, QIB at ~52.90x, HNI at ~34.06x, and Retail at ~4.73x. Nuvama secured ~95% anchor book allocation to ‘Long Only’ investors, leading to a successful IPO listing at a 13.9% premium.
Nuvama Investment Banking
Advised in the sale of
Allied Blenders and Distillers Ltd.
to