Allied Blenders and Distillers Limited-IPO

NiftyTrader • June 25, 2024

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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