IndusLaw, AZB & Partners, and Hogan Lovells Lee & Lee provided legal counsel for Allied Blenders and Distillers USD 180 million IPO on the NSE and BSE.
Ravi Dubey, a partner at IndusLaw and co-leader of the transaction team, remarked, working on Allied Blenders’ IPO was an exceptional experience. The process from the initial draft prospectus filing to the eventual listing required navigating significant regulatory changes and key decisions. He highlighted the importance of adapting to regulatory updates, including a SEBI directive on additional disclosures, which necessitated a thorough review of their disclosure and diligence strategies.
The IndusLaw team, which advised the book-running lead managers ICICI Securities, Nuvama Wealth Management, and ITI Capital, was led by partners Manan Lahoty, Ravi Dubey and Priyadarshini Rao with assistance from Principal associate Anjali Menon and associates Abishek Sankar, Sakshi Sharma, Aniruddh Saraswat, and Harshita Pareek. Hogan Lovells Lee & Lee served as international legal counsel for the lead managers.
AZB & Partners represented Allied Blenders & Distillers and the selling shareholders, Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev. The AZB team included senior partners Varoon Chandra and Agnik Bhattacharyya, along with senior associates Sweta Ananthanarayanan, Aratrika Choudhuri, and Shweta Agrawal, and associates Tanaiy Tewari, Arika Gupta, and Damini Mathur.
Allied Blenders & Distillers’ shares debuted on July 2, 2024, at INR 320 each, reflecting a 13.87% increase over the issue price of INR 281 per share. The company specializes in distributing Indian-made foreign liquor, including whisky, rum, vodka, and brandy, and exports to over 20 countries.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
