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Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Detail

June 25, 2024 - June 27, 2024

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. The shares got listed on BSE, NSE on 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.

Allied Blenders IPO Details

IPO Date June 25, 2024 to June 27, 2024
Listing Date July 2, 2024
Face Value ₹2 per share
Price Band ₹267 to ₹281 per share
Lot Size 53 Shares
Total Issue Size53,380,783 shares
(aggregating up to ₹1,500.00 Cr)
Fresh Issue35,587,189 shares
(aggregating up to ₹1,000.00 Cr)
Offer for Sale17,793,594 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 post issue279,700,854

Allied Blenders IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered15,982,206 (30.00%)NA
QIB Shares Offered10,654,804 (20.00%)NA
NII (HNI) Shares Offered7,991,103 (15.00%)
  bNII > ₹10L5,327,402 (10.00%)7,179
  sNII < ₹10L2,663,701 (5.00%)3,589
Retail Shares Offered18,645,907 (35.00%)351,809
Employee Shares Offered117,647 (0.22%)NA
Total Shares Offered53,274,020 (100%)

Allied Blenders IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Allied Blenders IPO Lot Size

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

Allied Blenders IPO Promoter Holding

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%

About Allied Blenders and Distillers Limited

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 Financial Information (Restated Consolidated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,741.392,487.702,248.352,298.57
Revenue5,914.987,116.757,208.176,397.81
Profit After Tax4.231.601.482.51
Net Worth409.26406.10404.10381.78
Reserves and Surplus360.43357.28356.99327.85
Total Borrowing798.11780.82846.91954.74
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Allied Blenders IPO is Rs 7859.59 Cr.

KPI as of December 31, 2023.

KPI Values
ROE1.03%
ROCE24.35%
Debt/Equity1.88
RoNW1.03%
P/BV16.77
PAT Margin (%)0.17
Pre IPO Post IPO
EPS (Rs) 0.070.2
P/E (x) 4284.571393.87
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Allied Blenders IPO Objectives)

The Company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
  2. General corporate purposes.

Allied Blenders IPO Review (Avoid)

[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...


Allied Blenders IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB53.01
NII34.09
    bNII (bids above ₹10L)39.76
    sNII (bids below ₹10L)22.75
Retail4.73
Employee10.44
Total24.85

Total Application : 1,538,755 (4.37 times)

Allied Blenders IPO Prospectus

Allied Blenders IPO Rating

19
2.6
Rating:Rated 2.6 stars
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Allied Blenders IPO Listing Details

Listing Date July 2, 2024
BSE Script Code 544203
NSE Symbol ABDL
ISIN INE552Z01027
Final Issue Price ₹281 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹281.00
₹318.10
₹306.70
₹324.40
₹317.85
NSE
₹281.00
₹320.00
₹306.70
₹324.80
₹317.90

Check IPO Performance…

Allied Blenders and Distillers Limited Contact Details

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/

Allied Blenders IPO Registrar

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 - Buy or Not

Allied Blenders IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 1 2
Members 2 0 2

Read All Reviews Post Your Review Manage Reviews

Allied Blenders IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Allied Blenders IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Allied Blenders IPO listing date is on July 2, 2024.
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Allied Blenders IPO Message Board

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