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Allied Blenders and Distillers Limited IPO Detail

Allied Blenders and Distillers Limited IPO Detail

ncorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.

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.

As of December 31, 2021, the company's products were exported to 22 international markets, including the Middle East, North and South America, Africa, Asia, and Europe.

The company owns and operates a distillery in Rangapur, Telangana, which is spread over 74.95 acres and has a built-up area of over 25,000 square meters. The company's in-house distillation capacity of extra neutral alcohol (ENA), the key material used in manufacturing its products, is 54.75 million litres annually. The company also have extensive bottling capabilities across India. As of December 2022, Allied Blenders relied on 30 bottling facilities, including those owned and operated by them, and contract bottling facilities, both exclusive and non-exclusive, for bottling its products.

Company Promoters

Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer's Choice Spirits Private Limited.

Expected Gray Market Premium(GMP):

GMP Kostak Subject
₹40 (14%) - -

IPO Details

IPO Opening DateJun 25, 2024
IPO Closing DateJun 27, 2024
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹267 - 281 per equity share
Market Lot53 Shares
Min Order Quantity53 Shares
Listing AtBSE, NSE
Issue Size₹1,500 Cr
Fresh Issue₹1,000 Cr
Offer for Sale₹500 Cr
Employee Discount₹Rs 26
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.02x 1.06x 0.87x 0.93x 0.73x 0.58x
Day 2 0.15x 3.56x 2.94x 3.14x 1.75x 1.61x
Day 3 53.01x 22.75x 39.76x 34.09x 4.73x 24.85x

IPO Tentative Timetable

The Allied Blenders and Distillers Limited IPO open date is Jun 25, 2024, and the close date is Jun 27, 2024. The issue may list on Jul 02, 2024.

IPO Open DateJun 25, 2024
IPO Close DateJun 27, 2024
Basis of Allotment DateJun 28, 2024
Initiation of RefundsJul 01, 2024
Credit of Shares to Demat AccountJul 01, 2024
IPO Listing DateJul 02, 2024

IPO Lot Size

The Allied Blenders and Distillers Limited IPO market lot size is 53 shares. A retail-individual investor can apply for up to 13 lots (689 shares or ₹193609).

ApplicationLotsSharesAmount (Cut-off)
Minimum153₹14893
Maximum13689₹193609

IPO Promoter Holding

Pre Issue Share Holding96.21%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in )

Financial Year Total Assets Total Revenue Profit After Tax

Objects of the Issue:

The Company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
  2. General corporate purposes.

Allied Blenders and Distillers Limited IPO Registrar:

Link Intime India Private Ltd

Allied Blenders and Distillers Limited IPO Lead Manager(s):

ICICI Securities Limited Axis Capital Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Equirus Capital Private Limited

Company Contact Information:

Allied Blenders and Distillers Limited

394-C Lamington Chambers,

Lamington Road,

Mumbai– 400 004