Allied Blenders IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 25 Jun 2024
Close Date
Thu, 27 Jun 2024
Price Band
₹ 267 – 281
Lot Size
53
Issue Size
₹ 1,500.00 Cr
Minimum Investment
₹ 14,893 (53 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Allied Blenders IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,500.00 Crore, comprising a fresh issue of 3.56 Crore equity shares aggregating to ₹1,000.00 Crore and an offer for sale (OFS) of 1.78 Crore equity shares aggregating to ₹500.00 Crore by the existing shareholders.
The Allied Blenders IPO remained open for subscription from June 25, 2024, to June 27, 2024. The basis of allotment was finalized on June 28, 2024, and the company's shares were listed on the NSE and BSE on July 02, 2024.
The company had fixed the price band at ₹267 to ₹281 per share, with a lot size of 53 shares. Retail investors were required to make a minimum investment of ₹14,893 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 117,647 equity shares for eligible employees, who received a discount of ₹26 per share.
MUFG Intime India Private Limited served as the registrar to the issue. ICICI Securities Limited, Iti Capital Ltd, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Allied Blenders and Distillers Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Allied Blenders IPO Timeline (Tentative)
- IPO Open Date
- Tue, 25 Jun 24
- IPO Close Date
- Thu, 27 Jun 24
- Basis of Allotment
- Fri, 28 Jun 24
- Initiation of Refunds
- Mon, 01 Jul 24
- Credit of Shares to Demat
- Mon, 01 Jul 24
- Listing Date
- Tue, 02 Jul 24 — NSE & BSE
Open Date
25 June 2024
Close Date
27 June 2024
Basis Of Allotment
28 June 2024
Listing Date
02 July 2024
IPO Subscription
Check Live Subscription →The Allied Blenders IPO has received bids for 92,71,11,192 shares against 3,93,71,669 shares offered, resulting in an overall subscription of 23.55x. the NII category is subscribed 32.4x, Retail Investors 4.51x, Employees 9.89x, and QIBs 50.37x. Within the NII category, BNII is subscribed 37.78x, while SNII is subscribed 21.64x.
QIB
50.37x
NII
32.4x
BNII
37.78x
SNII
21.64x
RII
4.51x
EMP
9.89x
Total
23.55x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,86,45,907 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,06,54,804 shares (20%), while Non-Institutional Investors (NIIs) receive 79,91,103 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 15,982,206 | 30% |
| Qualified Institutions | 10,654,804 | 20% |
| Non-Institutional | 7,991,103 | 15% |
| BNII | 5,327,402 | 10% |
| SNII | 2,663,701 | 5% |
| Retail Investors | 18,645,907 | 35% |
| Employees | 117,647 | 0.22% |
| Total | 53,274,020 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Allied Blenders and Distillers Limited KPI Information
| Particular | KPI Information |
|---|---|
| ROE % | 1.03 |
| ROCE % | 24.35 |
| Debt / Equity | 1.88 |
| RoNW % | 1.03 |
| PbW | 16.77 |
| Pat Margin % | 0.17 |
Peers Comparison
No Peer Comparision Available
About Allied Blenders and Distillers Limited
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
Allied Blenders IPO 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%
Allied Blenders IPO Objective
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.
Allied Blenders and Distillers Limited Address / Contact Details
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
Allied Blenders IPO Lot Size
The Allied Blenders IPO has a lot size of 53 shares. Retail investors require a minimum investment of ₹14,893 by applying for 1 lot (53 shares). The maximum application allowed for the retail category is 13 lots (689 shares), requiring an investment of ₹1,93,609.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
- EMP — 0.22%
Book Running Lead Managers
- ICICI Securities Limited
- Iti Capital Ltd
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Allied Blenders IPO?
Allied Blenders IPO is a Book-building IPO with a total issue size of ₹1500 crore. The Allied Blenders IPO price band is ₹267 to 281 per share. The Allied Blenders IPO subscription opens on Tue, Jun 25, 2024, and closes on Thu, Jun 27, 2024. The Allied Blenders IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Allied Blenders IPO.
When will the Allied Blenders IPO open for subscription?
The Allied Blenders IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024
What is Allied Blenders IPO Price Band?
Allied Blenders IPO Price Band is ₹267 to 281 per share.
What is Allied Blenders IPO Lot Size?
Allied Blenders IPO lot size is 53 shares, Retail investors need a minimum investment of ₹14893 based on the upper price band
What is the minimum investment for Allied Blenders IPO?
The minimum investment for Allied Blenders IPO is ₹14893, based on one lot of 53 shares at the upper price band of ₹281 per share.
How to apply for Allied Blenders IPO?
Investors can apply for the Allied Blenders IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 27, 2024. The application amount remains blocked until the Allied Blenders IPO allotment is finalized.
What is Allied Blenders IPO Issue Size?
Allied Blenders IPO issue size is ₹1500 crores.
What is the Allied Blenders IPO Allotment Date?
Allied Blenders IPO allotment date is Fri, Jun 28, 2024.
Who is the Allied Blenders IPO Registrar?
The registrar for Allied Blenders IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Allied Blenders IPO allotment status, refund processing, and other IPO-related information.
What is the Allied Blenders IPO GMP?
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 21.00% over the issue price.
Who is the Allied Blenders IPO Lead Manager?
The book-running lead managers (BRLMs) for the Allied Blenders IPO are ICICI Securities Limited, Iti Capital Ltd, and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Allied Blenders IPO Red Herring Prospectus (RHP).