Allied Blenders IPO Details: The Allied Blenders IPO is scheduled to open on June 25 and close on June 27. The company aims to raise approximately ₹1500 crores through this IPO, which includes a fresh issue of ₹1000 crores and an offer for sale up to ₹500 crores at ₹2 per share. The allocation for retail investors is 35%, Qualified Institutional Buyers (QIB) is 50%, and High Net-worth Individuals (HNI) is 15%.
Allied Blenders is the largest Indian-owned company in the Indian-made foreign liquor (IMFL) sector and the third largest IMFL company in India based on annual sales volumes from Fiscal 2014 to Fiscal 2022, according to the Technopak Report. The company is one of only four spirits companies in India with a nationwide sales and distribution network. It is also a leading exporter of IMFL and held an estimated 11.8% market share in the Indian whisky market by sales volume for Fiscal 2023.
Their flagship brand, Officer’s Choice Whisky, launched in 1988, marks their entry into the mass premium whisky segment. Between 2016 and 2019, Officer’s Choice Whisky was among the top-selling whisky brands globally in terms of annual sales volumes (Technopak Report). Over the years, Allied Blenders has diversified its product offerings across various categories and segments. As of August 31, 2023, their portfolio included 17 major IMFL brands across whisky, brandy, rum, and vodka. Several of their brands, such as Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky, have achieved ‘Millionaire Brand’ status, selling over a million 9-litre cases in one year (Technopak Report).
Allied Blenders IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon.
Allied Blenders IPO Date & Price Band Details:
| IPO Open: | June 25, 2024 |
| IPO Close: | June 27, 2024 |
| IPO Size: | Approx ₹1500 Crores |
| Fresh Issue: | Approx ₹1000 Crores |
| Offer for Sale: | Approx ₹500 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹267 to ₹281 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Allied Blenders IPO Lot Size:
The minimum market lot for the Allied Blenders and Distillers IPO is set at 53 shares, requiring an application amount of ₹14,893. Retail investors can apply for up to 13 lots, which equates to 689 shares or an investment of ₹193,609.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 53 | ₹14,893 |
| Retail Maximum | 13 | 689 | ₹193,609 |
| S-HNI Minimum | 14 | 742 | ₹208,502 |
| B-HNI Minimum | 68 | 3,604 | ₹10,12,724 |
Allied Blenders IPO Timeline:
The Allied Blenders and Distillers IPO will open on June 25 and close on June 27. The allotment of shares will be finalized on June 28, with the IPO listing scheduled for July 2.
| Anchor Investors Allotment: | June 24, 2024 |
| IPO Open Date: | June 25, 2024 |
| IPO Close Date: | June 27, 2024 |
| Basis of Allotment: | June 28, 2024 |
| Refunds: | July 1, 2024 |
| Credit to Demat Account: | July 1, 2024 |
| IPO Listing Date: | July 2, 2024 |
Allied Blenders IPO GMP Today:
The last Grey Market Premium (GMP) for the Allied Blenders and Distillers IPO is ₹82. With a price band of ₹281.00, the estimated listing price is ₹363, calculated by adding the cap price to today’s GMP. This results in an expected percentage gain per share of 29.18%.
Allied Blenders and Distillers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹6398 | ₹6185 | ₹2.51 |
| 2022 | ₹7208 | ₹7001 | ₹1.48 |
| 2023 | ₹7117 | ₹6921 | ₹1.60 |
| Dec 2023 | ₹5915 | ₹5729 | ₹4.23 |
Allied Blenders and Distillers IPO Valuation – FY2023
Check Allied Blenders and Distillers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.07 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 0.39% |
| Net Asset Value (NAV): | ₹16.64 per Equity Share |
Peer Group
- United Spirits Limited
- Radico Khaitan Limited
- Globus Spirits Limited
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
- Officer’s Choice Spirits Private Limited
Allied Blenders and Distillers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Allied Blenders IPO Allotment Status Check
Check Allied Blenders and Distillers IPO allotment status on Linkintime website allotment URL. Click Here
Allied Blenders IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- Iti Capital Ltd
Company Address
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 and Distillers IPO FAQs:
1. What are the opening and closing dates for the Allied Blenders and Distillers IPO?
- The Allied Blenders and Distillers IPO opens on June 25 and closes on June 27.
2. What is the price band for the Allied Blenders and Distillers IPO?
- The price band for the IPO is ₹281.00 per share.
3. What is the minimum market lot for the Allied Blenders and Distillers IPO?
- The minimum market lot is 53 shares, requiring an application amount of ₹14,893.
4. How many shares can retail investors apply for?
- Retail investors can apply for up to 13 lots, which amounts to 689 shares or ₹193,609.
5. What is the Grey Market Premium (GMP) for the Allied Blenders and Distillers IPO?
- The last reported GMP is ₹82.
6. How is the estimated listing price calculated?
- The estimated listing price is calculated by adding the GMP to the cap price of the IPO. For this IPO, the estimated listing price is ₹363 (₹281 + ₹82).
7. What is the expected percentage gain or loss per share?
- The expected percentage gain per share is 29.18%.
8. When will the allotment of shares be finalized?
- The allotment of shares will be finalized on June 28.
9. When is the listing date for the Allied Blenders and Distillers IPO?
- The IPO listing date is July 2.
10. What is the total amount expected to be raised through this IPO?
- The IPO aims to raise approximately ₹1500 crores, comprising a fresh issue of ₹1000 crores and an offer for sale of up to ₹500 crores.
11. What are the investor quotas for this IPO?
- The investor quotas are as follows: Retail investors 35%, Qualified Institutional Buyers (QIB) 50%, and High Net-worth Individuals (HNI) 15%.
12. What is the significance of Allied Blenders and Distillers in the market?
- Allied Blenders and Distillers is the largest Indian-owned IMFL (Indian-made foreign liquor) company and the third largest IMFL company in India based on annual sales volumes from Fiscal 2014 to Fiscal 2022. The company holds an estimated 11.8% market share in the Indian whisky market for Fiscal 2023.
13. What are some of the notable brands under Allied Blenders and Distillers?
- Some notable brands include Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky, all of which have achieved ‘Millionaire Brand’ status by selling over a million 9-litre cases in one year.
14. Where can investors find more detailed information about the IPO?
- Detailed information can be found in the IPO prospectus and on the official websites of the stock exchanges where the IPO is listed.
15. What are the company’s strengths according to market reports?
- According to the Technopak Report, Allied Blenders and Distillers is noted for its pan-India sales and distribution footprint and is a leading exporter of IMFL. It has a diverse product portfolio across various categories and segments in the spirits market.
