Allied Blenders IPO Details
The Allied Blenders IPO is a book build issue with a total issue size of ₹1500 cr, comprising of fresh issue of 35587189 equity shares., and a offer for sale of 17793594 equity shares. Allied Blenders IPO opened for subscription on Jun 25, 2024 and closed on Jun 27, 2024. Allied Blenders IPO is set price band at ₹267 to ₹281 per share, with a lot size of 53 shares. Minimum investment for Retail investors was ₹14,893.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 28, 2024, and listed on both the NSE and BSE on Jul 02, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. ICICI Securities Limited, Iti Capital Ltd and Nuvama Wealth Management Limited are the Book Running Lead Manager for the issue.
Before investing in the Allied Blenders IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 267 – 281
- Lot Size
- 53
- Issue Size
- ₹1500 Cr
- Minimum Investment
- ₹14893 (53 Shares)
- Listing Date
- 02 July 2024
Current GMP
₹59 (+21.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- ICICI Securities Limited
- Iti Capital Ltd
- Nuvama Wealth Management Limited
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 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.
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 per share.
Allied Blenders IPO lot size is 53 shares, Retail investors need a minimum investment of ₹14893 based on the upper price band
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.
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.
Allied Blenders IPO issue size is ₹1500 crores.
Allied Blenders IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.