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Allied Blenders & Distillers IPO

  • Status: Closed
  • RHP:
  • ₹ 14,151 / 53 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    02 Jul 2024

  • Listing Price

    ₹318.10

  • Listing Change

    13.20%

  • Last Traded Price

    ₹386.60

IPO Details

  • Open Date

    25 Jun 2024

  • Close Date

    27 Jun 2024

  • IPO Price Range

    ₹ 267 to ₹ 281

  • IPO Size

    ₹ 1500 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    02 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Allied Blenders & Distillers IPO Subscription Status

Last Updated: 05 July 2024 10:29 AM by 5Paisa

Last Updated: 27th June 2024, 6:00 PM by 5paisa

Allied Blenders and Distillers IPO is set to open from 25th June to 27th June 2024. The company is known as the biggest Indian-owned Indian-made foreign liquor (IMFL) in India. The IPO includes a fresh issue of 35,587,189 shares worth ₹1000 cr and an Offer-for-Sale (OFS) of 17,793,594 shares worth ₹500 cr. The total IPO size is ₹ ₹1500 cr. The share allotment date is 28th June 2024, and the IPO will be listed on 2nd July 2024 on the stock exchanges. The price band is set at ₹267 to ₹281 and the lot size is 53 shares. 

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Allied Blenders IPO

●    To repay or prepay partial borrowings obtained by the company. 
●    For general corporate purposes. 
 

Allied Blenders IPO Video

 

 

Allied Blenders IPO Size

Types Size (₹Cr)
Total IPO size 1,500.00
Offer for sale 500.00
Fresh issue 1,000.00

Allied Blenders IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 53 ₹14,893
Retail (Max) 13 689 ₹193,609
S-HNI (Min) 14 742 ₹208,502
S-HNI (Max) 67 3,551 ₹997,831
B-HNI (Min) 68 3,604 ₹1,012,724

Allied Blenders IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 53.01 1,06,54,804 56,48,57,994 15,872.510
NII (HNI) 34.09 79,91,103 27,24,07,439 7,654.649
Retail 4.73 1,86,45,907 8,81,97,406 2,478.347
Employees 10.44 1,17,647 12,28,540 34.522
Total 24.85 3,72,91,814 92,66,91,379 26,040.028

Allied Blenders IPO Anchor Allocation

Anchor Bid Date 24 June, 2024
Total no. of shares offered 15,982,206
Portion Size for Anchor Investors 449.10 Cr.
Lock in Period for 50% shares (30 days) 28 July, 2024
Lock in Period for rest of shares (90 days) 26 September, 2024

Established in 2008, Allied Blenders and Distillers Limited is known as the biggest Indian-owned Indian-made foreign liquor (IMFL) in India. In terms of annual sales volumes, it ranks third in India between FY2014 to FY2022. It is also one of the four spirits companies that have a PAN-India presence for sales, distribution and exports. The company holds 11.8% market share in terms of sales volume for whisky as of FY2023. Its distillery is based in Rangapur, Telangana.

Its flagship product is Officer’s Choice Whisky, which was launched in 1988. The other brands offered by companies are Sterling Reserve, Officer’s Choice Blue and ICONiQ Whisky. The company has 16 major IMFL brands as of December 2023 for various segments like whisky, brandy, rum and vodka.

As of March 31, 2023, Its products are sold via 79,329 retail outlets in 30 States and Union Territories in India as of March 2023. The company also exports products to more than 14 international markets in countries like the Middle East, North America, Africa, Asia and Europe as of December 2023.

Peer Comparison

●    United Spirits Limited
●    Radico Khaitan Limited
●    Globus Spirits Limited

For More Information
Webstory on Allied Blenders and Distillers IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 7105.68 7196.92 6378.77
EBITDA 196.06 207.55 212.99
PAT 1.60 1.47 2.50
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 2487.70 2248.34 2298.56
Share Capital 48.82 47.11 47.11
Total Borrowings 2081.60 1844.25 1916.78
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 229.85 178.76 246.61
Net cash from / (used in) investing activities -18.39 32.13 -59.36
Net cash flow from / (used in) financing activities -202.85 -255.77 -216.04
Net increase (decrease) in cash and cash equivalents 8.61 -44.87 -28.79


Strengths

1.    It is among the largest IMFL companies in India with a diversified and contemporary product portfolio.
2.    With products like Officer’s Choice Whisky in its basket, the company has strong brand recognition.
3.    Strategically located, large scale and advanced manufacturing facilities with a sophisticated research and development centre is its big plus. 
4.    The company has an extensive pan-India distribution network with the ability to scale.
5.    It is also well-positioned to capture tailwinds in the Indian IMFL industry.
6.    Experienced Board and senior management team.
 

Risks

1.    The company is dependent on revenue from stores based in southern regions of India. 
2.    A major part of revenue comes from the sale of whisky, especially on Officer’s Choice.
3.    It has experienced volatile fluctuations in our profit after tax and PAT Margin.
4.    It operates in a highly competitive industry. 
5.    Any past or current actions taken by the Central Consumer Protection Authority can impact the company. 
6.    Some of its subsidiaries have incurred losses in the past.
7.    It has reported negative cash flows in the past. 
8.    High working capital requirements. 
 

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FAQs

Allied Blenders and Distillers IPO opens from 25th June to 27th June 2024.
 

The size of Allied Blenders IPO is ₹1500 cr. 
 

To apply for Allied Blenders IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Allied Blenders IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.  

You will receive a mandate notification to block funds in your UPI app.
 

The price band of Allied Blenders IPO is set at ₹267 to ₹281 per share.
 

The minimum lot size of Allied Blenders IPO is 53 shares and the minimum investment required to apply for the IPO is ₹14,151.
 

The share allotment date of Allied Blenders IPO is 28th June 2024.
 

The Allied Blenders IPO will be listed on 2nd July 2024.
 

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited are the book-running lead managers for Allied Blenders IPO.
 

Allied Blenders and Distillers will use the proceedings from the public issue for: 

●    To repay or prepay partial borrowings obtained by the company. 
●    For general corporate purposes.