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 DateJune 25, 2024 to June 27, 2024
Listing Date[.]
Face ValueRs 2 per share
PriceRs 267 to Rs 281 per share
Lot Size53 Shares
Total Issue Size53,380,783 shares
(aggregating up to Rs 1,500.00 Cr)
Fresh Issue35,587,189 shares
(aggregating up to Rs 1,000.00 Cr
Offer for Sale17,793,594 shares of Rs 2
(aggregating up to Rs 500.00 Cr)
Employee DiscountRs 26 per shar
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Shareholding pre issue244,113,665
Shareholding post issue279,700,854

Allied Blenders IPO Lot Size

Retail (Min)153Rs 14,893
Retail (Max)13689Rs 193,609
S-HNI (Min)14742Rs 208,502
S-HNI (Max)673,551Rs 997,831
B-HNI (Min) 683,604Rs 1,012,724

Allied Blenders IPO Objectives

The objectives of the Issue are:

  1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
  2. 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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
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 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
Cut-off time for UPI mandate confirmation5 PM on June 27, 2024


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

Write A Comment