30-Nov-2023
2 mins read
The IPO date for Allied Blenders and Distillers is Yet to be announced. The issue pertains to the sale of Yet to be announced equity shares and a fresh issue of Yet to be announced equity shares of Rs 2 each. Thanks to approval from the capital markets regulator SEBI, Allied Blenders and Distillers Ltd. is now eligible to raise capital through an initial public offering (IPO).
Allied Blenders and Distillers Limited Company Profile
Established in 2008, Allied Blenders and Distillers Limited stands as a prominent Indian-made foreign liquor company with a diversified product portfolio. The company specializes in crafting four primary categories of Indian-made foreign liquors: whisky, brandy, rum, and vodka. Additionally, it ventures into the market of packaged drinking water through its Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve brands.
Global Reach and Product Distribution: By December 31, 2021, the company had successfully expanded its market presence to 22 international destinations spanning across the Middle East, North and South America, Africa, Asia, and Europe. This international footprint highlights the company’s efforts in catering to a wide spectrum of global consumers.
Infrastructure and Manufacturing Capabilities: Situated in Rangapur, Telangana, the company’s distillery sprawls across 74.95 acres, featuring a substantial built-up area of more than 25,000 square meters. The in-house distillation capacity for extra neutral alcohol (ENA), a crucial component in their manufacturing process, stands at an impressive 54.75 million litres annually. Allied Blenders boasts extensive bottling capabilities across India, utilizing a network of 30 bottling facilities. These facilities include both owned and operated units as well as contracted bottling facilities, catering to exclusive and non-exclusive partnerships for the production of their diverse product range.
The Objectives of Allied Blenders and Distillers Limited IPO
The company intends to use the Net Proceeds for the following purposes:
- Settling or scheduling repayment of a portion of specific outstanding borrowings obtained by the company.
- Allocation towards general corporate needs.
Financial Performance of Allied Blenders and Distillers Limited (In Crore)
| Period Ended | 31-Mar-21 |
| Assets | 2,298.57 |
| Revenue | 6,397.81 |
| Profit After Tax | 2.51 |
| Net Worth | 381.78 |
| Reserves and Surplus | 263.71 |
| Total Borrowing | 954.74 |
Key Performance Indicator
| KPI | Values |
| P/E (x) | |
| ROE | |
| ROCE | |
| Debt/Equity | |
| EPS (Rs) | |
| RoNW |
Important Dates for Allied Blenders and Distillers Limited IPO
| IPO Date | |
| Listing Date | |
| Face Value | Rs 2 per share |
| Price Band | |
| Lot Size | |
| Total Issue Size | Yet to be announced shares (aggregating up to Rs 2000.00 Cr) |
| Fresh Issue | Yet to be announced shares (aggregating up to Rs 1000.00 Cr) |
| Offer for Sale | Yet to be announced shares of Rs 2 (aggregating up to Rs 1000.00 Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 244,113,665 |
Allied Blenders and Distillers Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Allied Blenders and Distillers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
Promoters of the Company
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 are the promoters of the company.
Allied Blenders and Distillers Limited IPO Promoter Holding
| Shareholding Pre Issue | 96.21% |
| Shareholding Post Issue |
Allied Blenders and Distillers Limited IPO Lead Manager(s)
The lead managers of the IPO are CICI Securities Limited, Axis Capital Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and Equirus Capital Private Limited.
How to Apply for Allied Blenders and Distillers Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for the Allied Blenders and Distillers Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of Allied Blenders and Distillers Limited IPO?
The registrar for Allied Blenders and Distillers Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link: https://linkintime.co.in/
FAQs
- What is the Allied Blenders and Distillers Limited IPO?
The Allied Blenders and Distillers Limited IPO is a forthcoming public offering comprising a fresh issuance worth Rs 1000.00 crore and an offer for the sale of about Yet to be announced shares.
- Who are the main coordinators for this IPO?
The lead managers for the IPO are CICI Securities Limited, Axis Capital Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and Equirus Capital Private Limited.
- How can I apply for the Allied Blenders and Distillers Limited IPO?
Once the public issue opens for subscription, you can apply for the Allied Blenders and Distillers Limited IPO through the given link: https://ipo.bonanzaonline.com/.
- How do I check my allotment status for the Allied Blenders and Distillers Limited IPO?
The registrar for Allied Blenders and Distillers Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link: https://linkintime.co.in/
- Who are the promoters of Allied Blenders and Distillers Limited?
The company is promoted by 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.
- What is the financial performance of Allied Blenders and Distillers Limited?
Financial highlights include growth in total assets, total revenue, profit after tax, net worth, reserves and surplus, and total borrowings from 2021, as provided in the provided data. Allied Blenders and Distillers’ revenue rose by ______and PAT grew by _____ between the financial year ending with March 31, 2022 and March 31, 2023.
- What will be the use of the net proceeds from the IPO?
The company intends to use the Net Proceeds to repay some outstanding borrowings and for general corporate purposes.
- What is the expected listing date for the Allied Blenders and Distillers Limited IPO?
The exact listing date is Yet to be announced.
- What is the issue type of the IPO?
It’s a Book-Built Issue IPO.
- How many shares are being offered for sale?
The offer for sale consists of Yet to be announced shares of Rs 2 each.