Allied Blenders and Distillers Limited’s (IPO) opens on June 25, 2024, and closes on June 27, 2024. The allotment for the Allied Blenders and Distillers IPO is anticipated to be completed on Friday, June 28, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Tuesday, July 2, 2024.
The price band for the Allied Blenders and Distillers IPO is set at Rs 267 to 281 per share. The IPO is a book-built issue of Rs 1,500.00 crores, entirely a fresh issue of 3.56 crores shares.
Allied Blenders IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price | Rs 267 to Rs 281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 53,380,783 shares (aggregating up to Rs 1,500.00 Cr) |
| Fresh Issue | 35,587,189 shares (aggregating up to Rs 1,000.00 Cr |
| Offer for Sale | 17,793,594 shares of Rs 2 (aggregating up to Rs 500.00 Cr) |
| Employee Discount | Rs 26 per shar |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Shareholding pre issue | 244,113,665 |
| Shareholding post issue | 279,700,854 |
Allied Blenders IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 53 | Rs 14,893 |
| Retail (Max) | 13 | 689 | Rs 193,609 |
| S-HNI (Min) | 14 | 742 | Rs 208,502 |
| S-HNI (Max) | 67 | 3,551 | Rs 997,831 |
| B-HNI (Min) | 68 | 3,604 | Rs 1,012,724 |
Allied Blenders IPO Objectives
The objectives of the Issue are:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
- To reduce debt obligations and improve financial stability.
About Allied Blenders and Distillers Company
Allied Blenders and Distillers is an Indian-made international liquor firm that was founded in 2008. The firm sells whiskey, brandy, rum, and vodka—four types of foreign liquor created in India.
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
Allied Blenders and Distillers Limited’s revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,741.39 | 2,487.70 | 2,248.35 | 2,298.57 |
| Revenue | 5,914.98 | 7,116.75 | 7,208.17 | 6,397.81 |
| Profit After Tax | 4.23 | 1.60 | 1.48 | 2.51 |
| Net Worth | 409.26 | 406.10 | 404.10 | 381.78 |
| Reserves and Surplus | 360.43 | 357.28 | 356.99 | 327.85 |
| Total Borrowing | 798.11 | 780.82 | 846.91 | 954.74 |
Allied Blenders IPO Timeline
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Conclusion
Allied Blenders and Distillers Limited is launching its IPO from June 25 to June 27, 2024, with the listing date set for July 2, 2024. The price band is Rs 267 to Rs 281 per share, with a total issue size of Rs 1,500 crores. The IPO comprises a fresh issue of 3.56 crores shares and an offer for sale of 1.78 crores shares. This book-built issue aims to prepay certain borrowings and reduce debt obligations, thereby improving financial stability. The minimum lot size for retail investors is 53 shares, amounting to Rs 14,893. Founded in 2008, Allied Blenders and Distillers is a prominent Indian liquor firm known for its globally popular Officer’s Choice Whisky. Despite a slight revenue dip, the company’s PAT has shown growth, indicating robust financial health. The IPO presents an opportunity for investors to participate in the growth of a leading player in the Indian liquor industry
