Allied Blenders IPO will open for subscription from 25 June 2024. The company aims for an issue size of ₹1,500 Cr through this IPO.
Company Overview
| Full name | Allied Blenders and Distillers Limited |
| Sector | Alcohol |
| Industry | Breweries & Distilleries |
| Company Website | https://www.abdindia.com/ |
About Company
Allied Blenders and Distillers is the largest Indian-made foreign liquor (IMFL) company. The company product range includes four main categories of Indian-made foreign liquor, i.e., whisky, brandy, rum, and vodka. It also sells packaged drinking water under its Officer’s Choice, Blue, and Sterling Reserve brands. As of 31 December 2023, the company had a pan-India sales footprint, including 12 regional sales support offices and nearly 79,329 outlets. The company also exported its products to 14 international markets, including countries in the Middle East, North America, Africa, Asia, and Europe.
Allied Blenders and Distillers owns and operates a distillery in Rangapur, Telangana spread over 74.95 acres with 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 the manufacture of the products, is 6 crore liters per year. It also has extensive bottling capabilities across India. As of 31 December 2023, the company relied on 18 bottling facilities, including bottling facilities owned and operated by them and contract bottling facilities both on an exclusive and non-exclusive basis, for bottling the products.
The Objectives of the Issue
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
IPO Timetable
| IPO Opening date | 25 June 2024 |
| IPO Closing | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Initiation Refund | 01 July 2024 |
| Credit to Demat Account | 01 July 2024 |
| Listing Date | 02 July 2024 |
Allied Blenders IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,500 Cr – 53,380,783 shares |
| Fresh Issue | ₹1,000 Cr – 35,587,189 shares |
| Offer for sale | ₹500 Cr – 17,793,594 shares |
| Face value | ₹02 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot size | 53 Shares |
| Employee Discount | ₹26 per share |
| Shareholding post-issue | 279,700,854 |
| Listing Exchange | BSE & NSE |
Allied Blenders IPO Lot Size
| 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 |
Allied Blenders IPO Documents
Allied Blenders IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 6,378.78 | 7,196.92 | 7,105.68 | 5,911.14 |
| Expenses | 6,184.82 | 7,000.61 | 6,920.69 | 5,728.78 |
| Net income | 2.51 | 1.48 | 1.60 | 4.23 |
| Margin (%) | 0.04 | 0.02 | 0.02 | 0.07 |
Allied Blenders Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Post-Issue)* | |
| EPS | 0.10 | 0.06 | 0.07 | 0.20 |
| PE Ratio | – | – | 4,073.42 – 4,287.01 | 1,324.11 – 1,393.54 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 0.66 | 0.37 | 0.39 |
| NAV | 15.64 | 16.55 | 16.64 |
| ROCE (%) | 26.45 | 25.13 | 25.87 |
| EBITDA (%) | 9.07 | 7.73 | 6.23 |
| Debt/Equity | 2.39 | 2.05 | 1.85 |
Company Promoters
- Kishore Rajaram Chhabria
- Bina Kishore Chhabria
- Resham Chhabria Jeetendra Hemdev
- Bina Chhabria Enterprises Private Limited
- BKC Enterprises Private Limited
- Oriental Radios Private Limited
- Officer’s Choice Spirits Private Limited.
Promoter Holding
| Pre Issue Share Holding | 96.21% |
| Post Issue Share Holding | 80.91% |
Allied Blenders IPO GMP Update
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 1 July 2024 | 45 | – | 1,700 |
| 29 June 2024 | 60 | – | 2,100 |
| 28 June 2024 | 65 | – | 2,500 |
| 27 June 2024 | 80 | – | 3,200 |
| 26 June 2024 | 85 | – | 3,400 |
| 25 June 2024 | 80 | – | 3,200 |
| 24 June 2024 | 75 | – | 3,100 |
| 22 June 2024 | 57 | – | 2,400 |
Allied Blenders IPO Subscription Update
| 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 |
Allied Blenders IPO Allotment Status
Allied Blenders IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Allied Blenders IPO Listing Details
| Listing Date | 02 July 2024 |
| BSE Scrip Code | 544203 |
| NSE Symbol | ABDL |
| ISIN | INE552Z01027 |
| Final Issue Price | ₹281 per share |
Allied Blenders IPO Listing Day Update
| Listing Exchange | BSE | NSE |
| Final Issue Price | ₹281.00 | ₹281.00 |
| Open | ₹318.10 | ₹320.00 |
| Low | ₹306.70 | ₹306.70 |
| High | ₹324.40 | ₹324.80 |
| Last Trade | ₹317.85 | ₹317.90 |
Allied Blenders IPO Lead Manager(s)
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- ITI Capital Ltd
Allied Blenders Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200
Email: abdl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Allied Blenders Contact Details
ALLIED BLENDERS AND DISTILLERS LIMITED
Ashford Center, 3rd and 4th floor, Shankar
Rao Naram Marg, Lower Parel (West),
Mumbai- 400 013, Maharashtra
Phone: +91 22 43001111
Email: Complianceofficer@abdindia.com
Website: www.abdindia.com
Allied Blenders IPO FAQs
How many shares in Allied Blenders IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Allied Blenders and Distillers Public Offer?
The best way to apply in Allied Blenders and Distillers public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Allied Blenders IPO GMP today?
Allied Blenders IPO GMP today is ₹ 45 per share.
What is Allied Blenders kostak rate today?
Allied Blenders kostak rate today is NA per application.
What is Allied Blenders Subject to Sauda rate today?
Allied Blenders Subject to Sauda rate today is ₹ 1,700 per application.
Final thoughts
Allied Blenders IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
