ASX aspirant Top Shelf International has finalised the amount it will raise for its initial public offering at $47.2 million.Whiskey and vodka maker Top Shelf International has finalised the amount it will raise for its IPO. SuppliedThe company's brokers Ord Minnett and Wilsons fired off a book message to funds on Monday afternoon, saying the deal size had been locked in and was slightly less than the originally touted $50 million.While the $35 million primary issue was the same size, the size of the selldown would be $12.2 million, rather than the previously flagged $15 million.Funds were told that Top Shelf CEO Drew Fairchild and chairman Adem Karafili would each invest $1 million into the IPO and would hold 5 per cent and 6 per cent of the company respectively, upon listing.Bids into the deal were due by 4pm on Wednesday, according to Monday's book message.Top Shelf priced its IPO at the start of this month at $2.21 a share, which implied a $109.9 million market capitalisation, or a $90.5 million enterprise value.Top Shelf primarily distils and sells whisky and vodka under the NED and Grainshaker brands, but it is also moving into growing and distilling agave, the primary ingredient in tequila and mezcal.
