IPO

Allied Blenders and Distillers Limited IPO

Mainboard

Breweries & Distilleries

Listed On: Jul 2, 2024 at ₹ 320.0(NSE)

₹ 14893 /53 Shares

Check Allotment

25 Jun, 2024

Open Date

27 Jun, 2024

Close Date

28 Jun, 2024

Allotment Date

02 Jul, 2024

Listing Date
Price Summary

Last Closing

538.30 (91.57%)

52 Week High

565.50

52 Week Low

279.00

Last Update

16-Oct-2025 3:30 PM
Allied Blenders and Distillers Limited IPO Issue Details
  • Issue Price ₹267-281 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 5,33,80,783 shares(aggregating up to ₹1500 crore)
  • Fresh Share 3,55,87,189 shares(aggregating up to ₹1000 crore)
  • Offer For Sale 1,77,93,594 shares(aggregating up to ₹500 crore)
  • Listing at BSE, NSE
  • List Price 320.0(NSE)
  • Listing Date 2024-07-02
  • Lead Manager ICICI Securities Limited
    Nuvama Wealth Management Limited
    Iti Capital Ltd
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 53 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)153₹14,893
Retail(max)13689₹1,93,609
Allied Blenders and Distillers Limited IPO Reservation

Allied Blenders and Distillers Limited IPO offers total 53,274,020 shares. Out of which 10,654,804 (20%) allocated to QIB, 7,991,103 (15%) allocated to NII,18,645,907 (35%) allocated to RII, 117,647 (0.22%) allocated to employees and 15,982,206 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered15,982,206 (30%)
QIB Shares Offered10,654,804 (20%)
NII (HNI) Shares Offered7,991,103 (15%)
bNII < ₹10L5,327,402 (10%)
sNII < ₹10L2,663,701 (5%)
Retail Shares Offered18,645,907 (35%)
Employee Shares Offered117,647 (0.22%)
Total Shares Offered53,274,020 (100%)
Allied Blenders and Distillers Limited IPO Documents
DRHP
RHP
ANCHOR
Allied Blenders and Distillers Limited IPO Details


Allied Blenders and Distillers Limited IPO is a book-built issue of ₹1500 crores, The total issue size is ₹1500 crores. The IPO of Allied Blenders and Distillers Limited is priced at ₹267-281 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jun 25, 2024 and ends on Jun 27, 2024. The allotment for Allied Blenders and Distillers Limited IPO will be finalized on Jun 28, 2024. Allied Blenders and Distillers Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 2, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 53 shares, extendable to 14,893. The book-running lead manager for the IPO is/are ICICI Securities Limited, Nuvama Wealth Management Limited, Iti Capital Ltd.

The total issue ₹1500 crore, comprising a fresh issue of 3,55,87,189 shares ₹1000 crore and having Offer for Sale (OFS) of 1,77,93,594 shares to mop up ₹500 crore.

The Allied Blenders and Distillers Limited IPO sets its price band at 267-281 for each share. A single application for Allied Blenders and Distillers Limited IPO must contain at least 53 shares. Sentiment investors need to invest a minimum of 53 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,893

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Allied Blenders and Distillers Limited IPO Subscription Analysis And Details
Retail
4.42x
QIB
50.37x
NII
32.35x
bNII
37.78x
sNII
21.51x
Total
23.49x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved10,654,8047,991,103
5,327,402    2,663,701		18,645,90737,291,814
Day 1 25-06-24 05:00 PM
0.02 x0.87
0.82 x   0.97 x		0.63 x0.51 x
Day 2 26-06-24 05:00 PM
0.14 x2.98
2.79 x   3.36 x		1.65 x1.52 x
Day 3 27-06-24 05:00 PM
50.37 x32.35
37.78 x   21.51 x		4.42 x23.49 x
Total No of Applications
15,11,316
Allied Blenders and Distillers Limited Valuations
EPS Pre IPO ₹0.07/-
EPS Post IPO ₹0.20/-
P/E Pre IPO 4284.57
P/E Post IPO 1393.87
ROE 1.03%
ROCE 24.35%
Debt/Equity 1.88
RoNW 1.03%
PAT Margin 0.17
Price to Book Value 16.77
Allied Blenders and Distillers Limited Company Financials
In Crs.
In Cr.
31-Mar-2331-Mar-2231-Mar-21
Assets2,487.702,248.352,298.57
Revenue7,116.757,208.176,397.81
Profit After Tax1.601.482.51
Net Worth406.10404.10381.78
Reserves & Surplus357.28356.99327.85
Total Borrowing780.82846.91954.74
About Allied Blenders and Distillers Limited Company

Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four main categories of Indian-made foreign liquor, including 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.

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, as well as contract bottling facilities, both exclusive and non-exclusive, for bottling its products.

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Allied Blenders and Distillers Limited - Promoter(s)

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

Pre Issue Share Holding : 96.21%

Post Issue Share Holding : 80.91%

Allied Blenders and Distillers Limited IPO - Issue Objectives
1

Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.

2

General corporate purposes.

Allied Blenders and Distillers Limited IPO - Anchor Investors

Allied Blenders and Distillers mops up Rs 449 crore from anchor investors.

Nippon Life India, JM Financial Mutual Fund, LIC Mutual Fund, Jupiter India Fund, Troo Capital, BNP Paribas, and 360 One Special Opportunities Fund were among the leading investors in the anchor book.

Among others, Goldman Sachs, Integrated Core Strategies (Asia), Societe Generale, Authum Investment and Infrastructure, Winro Commercial, MAIQ Growth Scheme, and LC Radiance Fund VCC also invested in the company.

Allied Blenders and Distillers Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Allied Blenders and Distillers Limited0.070.0716.644284.570.3917.73Consolidated
United Spirits Ltd.16.0116.0182.4873.1618.7614.2Consolidated
Radico Khaitan Ltd.16.4816.48165.1395.879.989.57Consolidated
Globus Spirits Ltd.42.4342.39307.8317.2613.782.38Consolidated

Notes:

  1. Diluted EPS refers to the Diluted EPS sourced from the annual report of the peers for the year ended March 31, 2023.
  2. P/E Ratio has been computed based on the closing market price of equity shares on May 30, 2024 at NSE, divided by the Diluted EPS provided under Note 1 above.
  3. Return on Net Worth is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth has been computed as sum of paid-up share capital and other equity, as of March 31, 2023.
  4. Net Asset Value is computed as the closing net worth as of March 31, 2023 divided by the closing outstanding number of equity shares as of September 30, 2023.
  5. Listed Peers are as identified by the management.
Strength
The company is one of the premier liquor companies in India, with an 8.2% market share in the IMFL category 2021 in sales volume.
Four Allied Blenders and Distillers Limited brands are 'Millionaire Brands.'
Allied Blenders and Distillers Limited excel in the premium segment with strong marketing.
Allied Blenders and Distillers Limited boasts advanced manufacturing and R&D facilities.
It has developed an extensive pan-India presence, serving all permitted states and Union Territories through 12 regional sales service offices.
Weakness
Allied Blenders and Distillers Limited's heavy reliance on whisky sales poses financial risks.
Any decline in the popularity of Allied Blenders and Distillers Limited's brands could harm profits.
Allied Blenders and Distillers Limited faces price control challenges across different states.
Supply chain disruptions could impact Allied Blenders and Distillers Limited's production stability.
Allied Blenders and Distillers Limited's participation in tenders exposes them to compliance risks.
Contact Details

Allied Blenders and Distillers Limited

394-C Lamington Chambers, Lamington Road, Mumbai– 400 004

+91 22 43001111

complianceofficer@abdindia.com

https://www.abdindia.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

abdl.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html