Allied Blenders IPO
Open MainLineCurrent GMP
₹59 (+21.00%)
Price Band
₹ 267 – 281
Lot Size
53
Issue Size
₹1500 Cr
Minimum Investment
₹14893 (53 Shares)
Listing Date
02 July 2024
Subscription
23.55x
About the Company
Allied Blenders and Distillers Limited is the largest Indian-owned company in the Indian-made foreign liquor (IMFL) sector and ranked the third largest IMFL company in India by annual sales volume from Fiscal 2014 to Fiscal 2022, according to the Technopak Report. It stands out as one of the four spirits companies in India with a comprehensive pan-India sales and distribution network. In the Indian whisky market, the company had an estimated 11.8% market share by sales volume in Fiscal 2023.
The company launched its flagship brand, Officer’s Choice Whisky, in 1988, targeting the mass premium whisky segment. Between 2016 and 2019, Officer’s Choice Whisky was one of the top-selling whisky brands globally. As of August 31, 2023, the company's product portfolio included 17 major IMFL brands across whisky, brandy, rum, and vodka. Some of its notable brands, such as Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky, have sold over a million 9-liter cases annually.
Allied Blenders and Distillers Limited operates a distillery in Rangapur, Telangana, with an in-house distillation capacity of 54.75 million liters per year of extra neutral alcohol (ENA). The company also relies on 32 bottling facilities across India, including nine owned by the company. This extensive network allows flexibility in production and helps keep product prices competitive.
As of August 31, 2023, Allied Blenders and Distillers products were sold in 79,329 outlets across 30 states and union territories in India and exported to 14 international markets. The company has also invested significantly in brand building, leveraging partnerships with sports teams and celebrity endorsements to enhance brand awareness and consumer engagement.
With a diverse product range, extensive distribution network, and strong brand recognition, Allied Blenders and Distillers Limited has solidified its position in the Indian alcoholic beverages market, driving significant business growth and financial performance.
Peer Details
The following are the listed industry peers of Allied Blenders and Distillers Limited:
- United Spirits Limited
- Radico Khaitan Limited
- Globus Spirits Limited
Promoters
The promoters of the company are
- Kishore Rajaram Chhabria
- Bina Kishore Chhabria
- Resham Chhabria Jeetendra Hemdev
- Bina Chhabria Enterprises Private Limited
- BKC Enterprises Private Limited
- Oriental Radios Private Limited
- Officer's Choice Spirits Private Limited
Promoters Holding
Holding Pre Issue
96.21%
Holding Post Issue
80.91%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Allocate ₹7,200 million from the Net Proceeds to prepay or repay certain loans to reduce overall debt and debt servicing costs.
- Deploy the remaining Net Proceeds for general corporate purposes, not exceeding 25% of the Gross Proceeds.
Address / Contact Info
Allied Blenders and Distillers Limited
394-C Lamington Chambers,
Lamington Road,Mumbai– 400 004,
Phone: +91 22 43001111
Email: complianceofficer@abdindia.com
Website: https://www.abdindia.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 25 June 2024
IPO Close Date
Thursday, 27 June 2024
Basis of Allotment
Friday, 28 June 2024
Initiation of Refunds
Monday, 01 July 2024
Credit of Shares to Demat
Monday, 01 July 2024
Listing Date
Tuesday, 02 July 2024 — NSE & BSE
Important Dates
Open Date
25 June 2024
Close Date
27 June 2024
Basis Of Allotment
28 June 2024
Listing Date
02 July 2024
Financial Performance (₹ in Crores)
| Particular | 31 Dec 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 2741.39 | 2487.7 | 2248.35 | 2298.57 |
| Revenue | 5914.98 | 7116.75 | 7208.17 | 6397.81 |
| Profit After Tax | 4.23 | 1.6 | 1.48 | 2.51 |
| Net Worth | 409.26 | 406.1 | 404.1 | 381.78 |
| Reserve & Surplus | 360.43 | 357.28 | 356.99 | 327.85 |
| Total Borrowings | 798.11 | 780.82 | 846.91 | 954.74 |
EPS Pre
0.07%
EPS Post
0.20%
P/E Pre
4,284.57
P/E (Post Issue)
1,393.87x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI Information |
|---|---|
| ROE % | 1.03 |
| ROCE % | 24.35 |
| Debt / Equity | 1.88 |
| RoNW % | 1.03 |
| PbW | 16.77 |
| Pat Margin % | 0.17 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 15982206 | 30 | 0 |
| Qualified Institutions | 10654804 | 20 | 0 |
| Non-Institutional | 7991103 | 15 | 0 |
| BNII | 5327402 | 10 | 7179 |
| SNII | 2663701 | 5 | 3589 |
| Retail Investors | 18645907 | 35 | 351809 |
| Employees | 117647 | 0.22 | 0 |
| Total | 53274020 | 100 | 0 |
Subscription Status ( Mon, 26 Aug 24 12:43 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 11213481 | 564857994 | 50.37x |
| Non-Institutional | 8410112 | 272473212 | 32.4x |
| BNII | 5606741 | 211798229 | 37.78x |
| SNII | 2803371 | 60674983 | 21.64x |
| Retail Investors | 19623595 | 88548319 | 4.51x |
| Employees | 124481 | 1231667 | 9.89x |
| Total | 39371669 | 927111192 | 23.55x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 53 | 14,893.00 |
| Retail (Max) | 13 | 689 | 193,609.00 |
| S-HNI (Min) | 14 | 742 | 208,502.00 |
| S-HNI (Max) | 67 | 3,551 | 997,831.00 |
| B-HNI (Min) | 68 | 3,604 | 1,012,724.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- ICICI Securities Limited
- Iti Capital Ltd
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Allied Blenders IPO is a Book-building IPO worth ₹1500 crores. The price band is ₹267 to 281 per share. The IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Allied Blenders IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024
Allied Blenders IPO Price Band is ₹267 to 281.
Allied Blenders IPO lot size is 53, and the minimum amount required for application is ₹14893.
The minimum investment for Allied Blenders IPO is approximately ₹14893 based on the upper price band.
To apply for the Allied Blenders IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jun 27, 2024. After submission, funds are blocked until the basis of allotment of Allied Blenders IPO is finalised.
Allied Blenders IPO issue size is ₹1500 crores.
Allied Blenders IPO allotment date is Sat, Jun 27, 2026.
The registrar for Allied Blenders IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Allied Blenders IPO through their official website or helpline.
The Allied Blenders IPO GMP (Grey Market Premium) is ₹59 as of Tue, Jul 2, 2024. Based on the upper price band of ₹281 per share, the estimated Allied Blenders IPO listing price is ₹340, indicating a potential listing gain of approximately 31% over the issue price.