Allied Blenders & Distillers IPO
IPO Listing Details
- Listing Date
02 Jul 2024
- Listing Price
₹318.10
- Listing Change
13.20%
- Last Traded Price
₹422.40
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
IPO Timeline
Allied Blenders & Distillers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jun-24 | 0.02 | 0.93 | 0.70 | 0.56 |
| 26-Jun-24 | 0.15 | 3.14 | 1.75 | 1.61 |
| 27-Jun-24 | 53.01 | 34.09 | 4.73 | 24.85 |
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
| 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.
Contact Information
Allied Blenders & Distillers
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 & Distillers IPO Register
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 & Distillers IPO Lead Manager
ICICI Securities Limited
ITI Capital Ltd
Nuvama Wealth Management Limited
