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.
As of December 31, 2021, the company’s products were exported to 22 international markets, including the Middle East, North and South America, Africa, Asia, and Europe.
The company owns and operates a distillery in Rangapur, Telangana, which is spread over 74.95 acres and has a built-up area of over 25,000 square meters. The company’s in-house distillation capacity of extra neutral alcohol (ENA), the key material used in manufacturing its products, is 54.75 million litres annually. The company also have extensive bottling capabilities across India. As of December 2022, Allied Blenders relied on 30 bottling facilities, including those owned and operated by them, and contract bottling facilities, both exclusive and non-exclusive, for bottling its products.
Allied Blenders and Distillers IPO – Details
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 5,33,80,783 Shares Worth ₹1,500.00 Crore Fresh Issue: 3,55,87,189 Shares Worth ₹1000.00 Crore Offer For Sale: 1,77,93,594 Shares Worth ₹500.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹267 – ₹281 per share |
| Market Lot | 53 Shares |
| Min Order | 53 Shares ( 1 Lot ) |
| Employee Discount | ₹26 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Allied Blenders and Distillers IPO – Date Schedule
| IPO Open Date | 25 June 2024 |
| IPO Close Date | 27 June 2024 |
| Credit of Shares to Demat Account | 28 June 2024 |
| Initiation of Refund | 01 July 2024 |
| Credit of Shares to Demat Account | 01 July 2024 |
| IPO Listing Date | 02 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Allied Blenders and Distillers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,893 |
| Retail (Max) | 13 | 689 | ₹1,93,609 |
| S-HNI (Min) | 14 | 742 | ₹2,08,502 |
| S-HNI (Max) | 67 | 3,551 | ₹9,97,831 |
| B-HNI (Min) | 68 | 3,604 | ₹10,12,724 |
Competitive Strengths
- Among the largest IMFL companies in India with a diversified and contemporary product portfolio
- Strong brand recognition
- Strategically located, large-scale scale and advanced manufacturing facilities with a sophisticated research and development center
- Access to an extensive pan-India distribution network with the ability to scale
- Well-positioned to capture tailwinds in the Indian IMFL industry
- Experienced Board and senior management team and supported by a committed employee base
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 6397.81 | 6184.82 | 2.51 | 954.74 |
| 31 March 2022 | 7208.17 | 7000.61 | 1.48 | 846.91 |
| 31 March 2023 | 7116.75 | 6920.69 | 1.61 | 780.82 |
| 31 Aug 2023 | 3176.52 | 3079.08 | 2.85 | 726.77 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| P/BV | 16.77 |
| PAT Margin (%) | 0.17 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.07 | 0.2 |
| P/E (x) | 4284.57 | 1393.87 |
Object Of The Issue
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
Allied Blenders and Distillers IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E (x) |
|---|---|---|---|
| 1 | 2 | United Spirits Ltd. | 68.59 |
| 2 | 2 | Radico Khaitan Ltd. | 100.51 |
| 3 | 4 | Globus Spirits Ltd. | 20.85 |
Allied Blenders and Distillers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 80.92% |
Allied Blenders and Distillers IPO Prospectus
Company Contact Information
| 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/ |
Allied Blenders and Distillers IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: abdl.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Allied Blenders and Distillers IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Nuvama Wealth Management Limited 3. ITI Capital Ltd |
Allied Blenders and Distillers IPO FAQs
| What is Allied Blenders and Distillers IPO? Allied Blenders and Distillers IPO is a main-board IPO. The issue is priced at ₹267 to ₹281 per equity share. The IPO is to be listed on BSE & NSE. |
| When Allied Blenders and Distillers IPO will open? The IPO is to open on 25 June 2024 for QIB, NII, and Retail Investors. |
| What is Allied Blenders and Distillers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Allied Blenders and Distillers IPO? You can apply Allied Blenders and Distillers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Allied Blenders and Distillers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Allied Blenders and Distillers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Allied Blenders and Distillers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Allied Blenders and Distillers“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Allied Blenders and Distillers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Allied Blenders and Distillers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Allied Blenders and Distillers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Allied Blenders and Distillers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Allied Blenders and Distillers IPO Size? Allied Blenders and Distillers IPO size is ₹1500.00 Crore. |
| What is Allied Blenders and Distillers IPO Price Band? Allied Blenders and Distillers IPO Price Band is ₹267 to ₹281. |
| What is Allied Blenders and Distillers IPO Minimum and Maximum Lot Size for retail? The minimum bid is 53 Shares with ₹14,893 amount while the maximum bid is 689 Shares with ₹1,93,609. |
| What is the Allied Blenders and Distillers IPO Allotment Date? Allied Blenders and Distillers IPO allotment date is 28 June 2024. |
| What is the Allied Blenders and Distillers IPO Listing Date? Allied Blenders and Distillers IPO listing date is 02 July 2024. The IPO is to be listed on BSE and NSE. |
