ALLIED BLENDERS AND DISTILLERS LIMITED

25 Jun 2024 - 27 Jun 2024 Individual Category Main Board BSE NSE

Min Investment

₹14893

Price Band

₹267-₹281

Issue Size

393.72 lakhs
Equity Shares

Lot Size

53

IPO Dates
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25 Jun 2024

Open Date

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27 Jun 2024

Close Date

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28 Jun 2024

Allotment Date

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02 Jul 2024

Listing Date

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. 

Founded

2008

Managing Director

Kishore Rajaram Chhabria

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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