Allied Blenders IPO Price: ₹267 to ₹281 per share
IPO Date Range: 25 June 2024 - 27 June 2024
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.
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.
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.
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 53,380,783 shares (aggregating up to ₹1,500 Cr) |
| Fresh Issue | 535,587,189 shares (aggregating up to ₹1,000 Cr) |
| Offer For Sale | 17,793,594 shares (aggregating up to ₹500 Cr) |
| Employee Discount | Rs 26 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 244,113,665 |
| Share holding post issue | 279,700,854 |
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,893 |
| Retail (Max) | 13 | 689 | ₹193,609 |
| S-HNI (Min) | 14 | 742 | ₹208,502 |
| S-HNI (Max) | 67 | 3,551 | ₹997,831 |
| B-HNI (Min) | 68 | 3,604 | ₹1,012,724 |
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27 2024 |
| Basis of Allotment | Friday, June 28 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
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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 Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 2298.57 | 2,248.35 | 2,487.70 | 2,741.39 |
| Revenue | 6397.81 | 7,208.17 | 7,116.75 | 5,914.98 |
| Profit After Tax | 2.51 | 1.48 | 1.60 | 4.23 |
| Net Worth | 381.78 | 404.10 | 406.10 | 409.26 |
| Reserves & Surplus | 327.85 | 356.99 | 357.28 | 360.43 |
| Total Borrowing | 954.74 | 846.91 | 780.82 | 798.11 |
| KPI | Values |
|---|---|
| Market Cap | Rs 7859.59 Cr |
| EPS | Rs 0.07 |
| P/E (x) | 4284.57 |
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/ Equity | 1.88 |
| RoNW | 1.03% |
The company intends to use the funds from the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Allied Blenders and Distillers Limited IPO DRHP .
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.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Allied Blenders and Distillers Limited" IPO is ₹267 to ₹281 per share.
The "Allied Blenders and Distillers Limited" IPO is expected to be listed on Tuesday, 2 July 2024.
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