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Allied Blenders IPO is a book built issue of Rs 1,500.00 crores. The issue is a combination of fresh issue of 3.56 crore shares aggregating to Rs 1,000.00 crores and offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores.
Allied Blenders IPO bidding started from June 25, 2024 and ended on June 27, 2024. The allotment for Allied Blenders IPO was finalized on Friday, June 28, 2024. Allied Blenders IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, July 2, 2024.
Allied Blenders IPO price band is set at ₹267 to ₹281 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,893. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹208,502, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,012,724.
The issue includes a reservation of up to 117,647 shares for employees offered at a discount of Rs 26 to the issue price.
ICICI Securities Limited, Nuvama Wealth Management Limited and Iti Capital Ltd are the book running lead managers of the Allied Blenders IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Allied Blenders IPO RHP for detailed information.
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 53,380,783 shares (aggregating up to ₹1,500.00 Cr) |
| Fresh Issue | 35,587,189 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 17,793,594 shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Employee Discount | Rs 26 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 244,113,665 |
| Share holding post issue | 279,700,854 |
Allied Blenders IPO offers 53,274,020 shares. 10,654,804 (20.00%) to QIB, 7,991,103 (15.00%) to NII, 18,645,907 (35.00%) to RII, 117,647 (0.22%) to employees and 15,982,206 (30.00%) to Anchor investors. 351,809 RIIs will receive minimum 53 shares and 3,589 (sNII) and 7,179 (bNII) will receive minimum 742 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,982,206 (30.00%) | NA |
| QIB Shares Offered | 10,654,804 (20.00%) | NA |
| NII (HNI) Shares Offered | 7,991,103 (15.00%) | |
| bNII > ₹10L | 5,327,402 (10.00%) | 7,179 |
| sNII < ₹10L | 2,663,701 (5.00%) | 3,589 |
| Retail Shares Offered | 18,645,907 (35.00%) | 351,809 |
| Employee Shares Offered | 117,647 (0.22%) | NA |
| Total Shares Offered | 53,274,020 (100%) |
Allied Blenders IPO raises Rs 449.10 crore from anchor investors. Allied Blenders IPO Anchor bid date is June 24, 2024. Allied Blenders IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 15,982,206 |
| Anchor Portion Size (In Cr.) | 449.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 26, 2024 |
Allied Blenders IPO opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
The Promoters of the company are 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.
| Share Holding Pre Issue | 96.21% |
| Share Holding Post Issue | 80.91% |
Incorporated 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, 2023, the company's products were exported to 14 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 31, 2023, the company owned and operated nine bottling units and utilized the entire licensed capacity of five third-party bottling facilities.
As of March 31, 2023, the products were sold in 79,329 retail outlets across 30 states and union territories in India.
Allied Blenders and Distillers Limited's revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,741.39 | 2,487.70 | 2,248.35 | 2,298.57 |
| Revenue | 5,914.98 | 7,116.75 | 7,208.17 | 6,397.81 |
| Profit After Tax | 4.23 | 1.60 | 1.48 | 2.51 |
| Net Worth | 409.26 | 406.10 | 404.10 | 381.78 |
| Reserves and Surplus | 360.43 | 357.28 | 356.99 | 327.85 |
| Total Borrowing | 798.11 | 780.82 | 846.91 | 954.74 |
| Amount in ₹ Crore | ||||
The market capitalization of Allied Blenders IPO is Rs 7859.59 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| P/BV | 16.77 |
| PAT Margin (%) | 0.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.07 | 0.2 |
| P/E (x) | 4284.57 | 1393.87 |
The Company proposes to utilise the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is one of the leading player in IMFL segment. It marked negligible profits for the reported periods and makes its IPO priced exorbitantly on P/E basis. The management is hopeful of matching the net margin levels with its listed peers in coming two years. Currently the company is posting a very thin margins. Thus it’s a pure long term story. There is no harm in skipping this pricey issue that is discounting all near term positives. Read detail review...
The Allied Blenders IPO is subscribed 24.85 times on June 27, 2024 6:19:05 PM. The public issue subscribed 4.73 times in the retail category, 53.01 times in the QIB category, and 34.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 53.01 |
| NII | 34.09 |
| bNII (bids above ₹10L) | 39.76 |
| sNII (bids below ₹10L) | 22.75 |
| Retail | 4.73 |
| Employee | 10.44 |
| Total | 24.85 |
Total Application : 1,538,755 (4.37 times)
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/
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 IPO is a main-board IPO of 53,380,783 equity shares of the face value of ₹2 aggregating up to ₹1,500.00 Crores. The issue is priced at ₹267 to ₹281 per share. The minimum order quantity is 53 Shares.
The IPO opens on June 25, 2024, and closes on June 27, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Allied Blenders IPO using UPI as a payment gateway. Zerodha customers can apply in Allied Blenders IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Allied Blenders IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Allied Blenders IPO opens on June 25, 2024 and closes on June 27, 2024.
Allied Blenders IPO lot size is 53 Shares, and the minimum amount required is ₹14,893.
You can apply in Allied Blenders IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Allied Blenders IPO will be done on Friday, June 28, 2024, and the allotted shares will be credited to your demat account by Monday, July 1, 2024. Check the Allied Blenders IPO allotment status.
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