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Posted on  June 22, 2024 under  by Meghna Mundhra

Allied Blenders IPO Details - Complete Overview of Allied Blenders and Distillers Limited IPO

Allied Blenders IPO Price: ₹267 to ₹281 per share
IPO Date Range:
25 June 2024 - 27 June 2024

Allied Blenders IPO

Company Overview

Founded in 2008, Allied Blenders and Distillers Limited is a leading Indian-made foreign liquor company renowned for its extensive range of spirits. Specializing in whisky, brandy, rum, and vodka, the company is recognized globally for brands like Officer's Choice Whisky, a top-seller since its introduction in 1988. Operating from a state-of-the-art distillery in Rangapur, Telangana, Allied Blenders emphasizes quality and innovation in its production processes.

Product Portfolio

Allied Blenders and Distillers Limited boasts a robust portfolio comprising 17 major brands of Indian-made foreign liquor. These brands span across whisky, brandy, rum, and vodka categories, catering to diverse consumer preferences and market segments. Notable brands include Officer's Choice, Officer's Choice Blue, Sterling Reserve, and ICONiQ Whisky, all of which have achieved 'Millionaire Brands' status by selling over a million 9-litre cases annually. This diversified portfolio underscores the company's commitment to offering high-quality spirits that resonate with both domestic and international markets.

Network and Expansion:

As of December 2021, Allied Blenders exports its products to 22 international markets across the Middle East, North and South America, Africa, Asia, and Europe. Domestically, the company operates 30 bottling facilities, including owned, operated, and contract facilities, ensuring efficient production and distribution nationwide. Recognized as the largest Indian-owned Indian-made foreign liquor company and the third largest in India by sales volumes, Allied Blenders continues to expand its presence with a pan-India sales and distribution network. With an estimated market share of 11.8% in the Indian whisky market for Fiscal 2023, the company remains committed to sustained growth through strategic expansion and product innovation.

Bidding Starts In

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Allied Blenders IPO Specifics:

IPO DateJune 25, 2024 to June 27, 2024
Listing DateTuesday, July 2, 2024
Face Value₹2 per share
Price Band₹267 to ₹281 per share
Lot Size53 Shares
Total Issue Size53,380,783 shares
(aggregating up to ₹1,500 Cr)
Fresh Issue535,587,189 shares
(aggregating up to ₹1,000 Cr)
Offer For Sale 17,793,594 shares
(aggregating up to ₹500 Cr)
Employee DiscountRs 26 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue244,113,665
Share holding post issue279,700,854

Allied Blenders IPO Lot Size

Bidders have the opportunity to bid for a minimum of 53 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

ApplicationLotsSharesAmount
Retail (Min)153₹14,893
Retail (Max)13689₹193,609
S-HNI (Min)14742₹208,502
S-HNI (Max)673,551₹997,831
B-HNI (Min)683,604₹1,012,724

Allied Blenders IPO Reservation

QIB Shares OfferedNot more than 50% of the Net offer
Retail Shares OfferedNot less than 35% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer

Allied Blenders IPO Timetable (Important Dates)

IPO Open DateTuesday, June 25, 2024
IPO Close DateThursday, June 27 2024
Basis of AllotmentFriday, June 28 2024
Initiation of RefundsMonday, July 1, 2024
Credit of Shares to DematMonday, July 1, 2024
Listing DateTuesday, July 2, 2024
Cut-off time for UPI mandate confirmation5 PM on June 27, 2024

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Allied Blenders and Distillers Limited IPO Financial Information

Between the fiscal years concluding on March 31, 2023, and March 31, 2022, Allied Blenders and Distillers Limited encountered a reduction of 1.27% in revenue, whereas its profit after tax (PAT) surged by 8.47%.

Period Ended31 Mar 202131 Mar 202231 Mar 202331 Dec 2023
Assets2298.572,248.352,487.702,741.39
Revenue6397.817,208.177,116.755,914.98
Profit After Tax2.511.481.604.23
Net Worth381.78404.10406.10409.26
Reserves & Surplus327.85356.99357.28360.43
Total Borrowing954.74846.91780.82798.11
Amount in ₹ Crore

Key Performance Indicator - Allied Blenders IPO

KPIValues
Market CapRs 7859.59 Cr
EPSRs 0.07
P/E (x)4284.57
ROE1.03%
ROCE24.35%
Debt/ Equity1.88
RoNW1.03%

Objects of the Issue:

The company intends to use the funds from the Net Proceeds for the following purposes:

  • To prepay or schedule repayment of a portion of its existing borrowings.
  • For general corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Allied Blenders and Distillers Limited IPO DRHP .

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Allied Blenders and Distillers Limited" IPO?

The price range for the"Allied Blenders and Distillers Limited" IPO is ₹267 to ₹281 per share.

When will the "Allied Blenders and Distillers Limited" IPO be listed on the stock exchange?

The "Allied Blenders and Distillers Limited" IPO is expected to be listed on Tuesday, 2 July 2024.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
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