Officer's Choice whisky maker Allied Blenders files Rs 2,000-cr IPO papers

The IPO comprises fresh issue of equity shares worth Rs 1,000 cr and an Offer For Sale to the tune of Rs 1,000 cr by promoter and promoter group entity, according to the DRHP

Allied Blenders and Distillers Ltd, the maker of Officer's Choice whisky, has filed preliminary papers with the capital markets regulator Sebi to raise Rs 2,000 crore through an Initial Public Offering (IPO).

The IPO comprises fresh issue of equity shares worth Rs 1,000 crore and an Offer For Sale (OFS) to the tune of Rs 1,000 crore by promoter and promoter group entity, according to the Draft Red Herring Prospectus (DRHP).

As a part of the OFS, Bina Kishore Chhabria will offload shares worth up to Rs 500 crore, while Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares to