Allied Blenders IPO (Allied Blenders and Distillers Limited IPO)
Allied Blenders IPO open for bidding on 25th June 2024, and ends on 27th June 2024.
Allied Blenders and Distillers Limited (ABD) is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India by annual sales volumes between Fiscal 2014 and Fiscal 2022. Founded in 2008, it became ABD Limited in 2022. ABD’s flagship product, Officer’s Choice Whisky, launched in 1988, is a top-selling whisky globally.
ABD’s product portfolio includes 16 major brands across various segments, with an 11.8% market share in the Indian whisky market in Fiscal 2023. The company has a pan-India sales and distribution network and is a leading IMFL exporter.
Looking ahead, ABD aims to expand its product offerings, enhance production capabilities, broaden distribution channels, and explore new markets to sustain growth and competitiveness in the alco-beverage industry.
For more details refer to Allied Blenders IPO RHP and Allied Blenders IPO Pulse Score
Allied Blenders IPO Details
| IPO Date | 25th June 2024 to 27th June 2024 |
| Listing Date | 2nd July 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 5,53,53,875 shares (aggregating up to ₹1,500.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | [●] shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Employee Discount | ₹26 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 1,59,82,206(28.9%) |
| QIB | 1,12,13,481(20.2%) |
| NII | 84,10,112(15.2% |
| bNII | 56,06,741(10.1%) |
| sNII | 28,03,371(5.1%) |
| Retail | 1,96,23,595(35.5%) |
| Employees | 1,24,481(0.2%) |
| Total | 5,53,53,875(100%) |
Allied Blenders IPO Timeline
| IPO Open | 25th June 2024 |
| IPO Close | 27th June 2024 |
| Basis Of Allotment | 28th June 2024 |
| Initiation of Refunds | 1st July 2024 |
| Credit of Shares to Demat | 1st July 2024 |
| Listing Date | 2nd July 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹7859.59 Cr | P/E Ratio- Pre IPO | 4284.57 |
| RoNW | 1.03% | P/E Ratio- Post IPO | 1393.87 |
| RoCE | 24.35% | P/B Ratio | 16.77 |
| Debt to Equity | 1.88 | PAT Margin% | 0.17% |
Allied Blenders IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes
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