Allied Blenders and Distillers IPO (Officer’s Choice): All You Need To Know

Allied Blenders and Distillers IPO is open for subscription starting Tuesday, June 25, 2024 and closing on Thursday, June 27, 2024. The price of this upcoming IPO is decided at Rs 267 to Rs 281 per share. The minimum lot size for the retail category is 53 shares. The minimum lot size for small NII is 14 lots consisting of 742 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 3,604 shares. The minimum investment required for retail category investors is Rs 14,893 (281 x 53 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,502 (281 x 742 shares); for big non-institutional investors, it is Rs 10,12,724 (369 x 3604 shares). Allied Blenders and Distillers IPO is a book-built issue of Rs 1500 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 3.56 crore equity shares amounting to Rs 1000 crores. The offer for sale is of Rs 1.78 crores amounting to Rs 500 crores. The allotment for this IPO is expected to be finalised on Friday, June 28, 2024. Allied Blenders and Distillers Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, July 2, 2024. The book-running lead managers of Allied Blenders and Distillers Limited are Nuvama Wealth Management Limited, ICICI Securities Limited, Iti Capital Limited. The registrar for this new IPO is Link Intime India Limited.

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About Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited, incorporated in 2008, is an Indian-made foreign liquor company. They offer four Indian-made foreign categories: whiskey, brandy, rum, and vodka. In addition to this, Allied Blenders also sells packaged drinking water under the brand names Officer Choice, Officers Choice Blue, and Sterling Reserve Brands. The Officer's Choice whisky was introduced in 1988 as the company foray into the mass premium whiskey market. Officers Choice brand is one of the most famous brands in the world and one of the most selling whisky in the world in terms of annual sales volume in the years between 2016 and 2019. Allied Blenders and Distillers operates a distillery in Rangapur, Telangana, which is spread over 74.95 acres and has a built-up area of over 25,000 square metres. The company's in-house distillation capacity of extra neutral alcohol, the key material used in manufacturing its products, is 54.75 million litres annually. The company also has 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. 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. 

Objectives of Allied Blenders and Distillers IPO

The company intends to utilise the net proceeds for the prepayment and repayment of certain outstanding borrowings of the company. Other than this, general corporate purposes will also be met.

Financials of Allied Blenders and Distillers Limited (Amt in Rs Crore)

Allied Blenders and Distillers reported a revenue of Rs 5914.98 crore and net profit of Rs 4.23 crore for the period ending on 31 December 2023. The company’s revenue decreased by 1.27% and PAT increased by 8.47% between the FY ending on 31st March 2023 and 31st March 2022.

Other Important Details of Allied Blenders and Distillers Limited IPO

Time-Table of Allied Blenders and Distillers Limited IPO

Lot Size of Allied Blenders and Distillers Limited IPO

IPO Reservation of Allied Blenders and Distillers Limited

Promoters of Allied Blenders and Distillers Limited and Their Holdings

The promoters of Allied Blenders and Distillers 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.

Key Performance Indicator of Allied Blenders and Distillers Limited IPO

EPS and P/E Ratio Post IPO

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

The book-running lead managers of Allied Blenders and Distillers Limited are Nuvama Wealth Management Limited, ICICI Securities Limited, Iti Capital Limited.

How do you apply for the Allied Blenders and Distillers Limited IPO?

Wait for the public issue to open for subscription, then visit Bigul website to apply for the Allied Blenders and Distillers Limited IPO with Bigul.

How do you check the allotment status of the Allied Blenders and Distillers Limited IPO?

The registrar for Allied Blenders and Distillers Limited IPO is Link Intime India Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Allied Blenders and Distillers Limited IPO 2024?

Allied Blenders and Distillers IPO is a book-built issue of Rs 1500 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue size of Rs 3.56 crore equity shares amounting to Rs 1000 crores. The offer for sale is of Rs 1.78 crores amounting to Rs 500 crores. 

2. Who are the lead managers for the Allied Blenders and Distillers Limited IPO?

Nuvama Wealth Management Limited, ICICI Securities Limited, Iti Capital Limited.are appointed as the lead managers for this IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Limited is the registrar for Allied Blenders and Distillers Limited, handling the IPO's administrative aspects.

4. How can I apply for the Allied Blenders and Distillers Limited IPO?

The public subscription of this IPO will open on June 25, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The company intends to utilise the net proceeds for the prepayment and repayment of the certain outstanding borrowings of the company. Other than this general corporate purposes will also be met.

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Allied Blenders and Distillers Limited IPO 2024 by visiting here.

7. What is the financial performance of Allied Blenders and Distillers Limited?

Allied Blenders and Distillers reported a revenue of Rs 5914.98 crore and net profit of Rs 4.23 crore for the period ending on 31 December 2023. The company’s revenue decreased by 1.27% and PAT increased by 8.47% between the FY ending on 31st March 2023 and 31st March 2022.

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