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.IPO Details
IPO Opening Date | Jun 25, 2024 |
IPO Closing Date | Jun 27, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹2 per equity share |
IPO Price | ₹267 - 281 per equity share |
Market Lot | 53 Shares |
Min Order Quantity | 53 Shares |
Listing At | BSE, 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 Date | Jun 25, 2024 |
IPO Close Date | Jun 27, 2024 |
Basis of Allotment Date | Jun 28, 2024 |
Initiation of Refunds | Jul 01, 2024 |
Credit of Shares to Demat Account | Jul 01, 2024 |
IPO Listing Date | Jul 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 53 | ₹14893 |
Maximum | 13 | 689 | ₹193609 |
IPO Promoter Holding
Pre Issue Share Holding | 96.21% |
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:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
- 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