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Allied Blenders and Distillers IPO: A New Chapter in the Spirits Industry

Sebencapital

Published
24/06/24
Allied Blenders |Seben Capital

Incorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.

The Officer's Choice Whisky was introduced in 1988 as the company's foray into the mass premium whisky market. It is one of the most-selling whisky brands in the world in terms of annual sales volumes from 2016 to 2019.


Allied Blenders and Distillers Limited Financial Information

Period Ended31 Dec 2023
31 Mar 202331 Mar 202231 Mar 2021
Assets2,741.392,487.702,248.352,298.57
Revenue5,914.987,116.757,208.176,397.81
Profit After Tax4.231.601.482.51
Net Worth409.26406.10404.10381.78
Reserves and Surplus360.43357.28356.99327.85
Total Borrowing798.11780.82846.91954.74

Allied Blenders IPO Details

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 ₹1,500.00 Cr)
Fresh Issue35,587,189 shares
(aggregating up to ₹1,000.00 Cr)
Offer for Sale17,793,594 shares of ₹2
(aggregating up to ₹500.00 Cr)
Employee DiscountRs 26 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre-issue244,113,665
Shareholding pre-issue279,700,854

Allied Blenders IPO Lot Size

ApplicationLots
Shares
Amount
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 Timeline

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
The credit of Shares to Demat5 PM on June 27, 2024

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company andGeneral corporate purposes.

Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

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