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Allied Blenders IPO is a book build issue of ₹1,500.00 crores. The issue is a combination of fresh issue of 3.56 crore shares aggregating to ₹1,000.09 crores and offer for sale of 1.78 crore shares aggregating to ₹499.91 crores.
Allied Blenders IPO bidding started from Jun 25, 2024 and ended on Jun 27, 2024. The allotment for Allied Blenders IPO was finalized on Jun 28, 2024. The shares got listed on BSE, NSE on Jul 2, 2024.
Allied Blenders IPO price band is set at ₹281.00 per share . The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,151 (53 shares). The lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,08,502, and for bNII, it is 68 lots (3,604 shares), amounting to ₹10,12,724.
The issue includes a reservation of up to 1,17,647 shares for employees offered at a discount of ₹26.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Allied Blenders IPO RHP for detailed Information.
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹267 to ₹281 per share |
| Issue Price Final | ₹281 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,33,90,079 shares (aggregating up to ₹1,500.00 Cr) |
| Fresh Issue | 3,55,96,486 shares (aggregating up to ₹1,000.09 Cr) |
| Offer for Sale | 1,77,93,593 shares of ₹2 (aggregating up to ₹499.91 Cr) |
| Employee Discount | ₹26.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 27,97,00,854 shares |
Allied Blenders IPO offers total 5,33,91,667 shares. Out of which 2,66,37,010 (49.89%) allocated to QIB, 1,06,54,804 (19.96%) allocated to QIB, 79,91,103 (14.97%) allocated to NII, 1,86,45,907 (34.92%) allocated to RII and 1,59,82,206 (29.93%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,66,37,010 (49.89%) | NA |
| − Anchor Investor Shares Offered | 1,59,82,206 (29.93%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,06,54,804 (19.96%) | NA |
| NII (HNI) Shares Offered | 79,91,103 (14.97%) | NA |
| − bNII > ₹10L | 53,27,402 (9.98%) | 7,179 |
| − sNII < ₹10L | 26,63,701 (4.99%) | 3,589 |
| Retail Shares Offered | 1,86,45,907 (34.92%) | 3,51,809 |
| Employee Shares Offered | 1,17,647 (0.22%) | NA |
| Total Shares Offered | 5,33,91,667 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Allied Blenders IPO raises ₹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 | 1,59,82,206 |
| 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 opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tue, Jun 25, 2024 |
| IPO Close Date | Thu, Jun 27, 2024 |
| Tentative Allotment | Fri, Jun 28, 2024 |
| Initiation of Refunds | Mon, Jul 1, 2024 |
| Credit of Shares to Demat | Mon, Jul 1, 2024 |
| Tentative Listing Date | Tue, Jul 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 27, 2024 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,893 |
| Retail (Max) | 13 | 689 | ₹1,93,609 |
| S-HNI (Min) | 14 | 742 | ₹2,08,502 |
| S-HNI (Max) | 67 | 3,551 | ₹9,97,831 |
| B-HNI (Min) | 68 | 3,604 | ₹10,12,724 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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'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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,741.39 | 2,487.70 | 2,248.35 | 2,298.57 |
| Total Income | 5,914.98 | 7,116.75 | 7,208.17 | 6,397.81 |
| Profit After Tax | 4.23 | 1.60 | 1.48 | 2.51 |
| Net Worth | 409.26 | 406.10 | 404.10 | 381.78 |
| Reserves and Surplus | 360.43 | 357.28 | 356.99 | 327.85 |
| Total Borrowing | 798.11 | 780.82 | 846.91 | 954.74 |
| Amount in ₹ Crore | ||||
The market capitalization of Allied Blenders IPO is ₹7859.59 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| PAT Margin | 0.17% |
| Price to Book Value | 16.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.07 | 0.20 |
| P/E (x) | 4284.57 | 1393.87 |
The Company proposes to utilise the Net Proceeds towards funding the following objects:
[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...
| Listing Date | July 2, 2024 |
| BSE Script Code | 544203 |
| NSE Symbol | ABDL |
| ISIN | INE552Z01027 |
| Final Issue Price | ₹281 per share |
| BSE Listing Group | B |
Allied Blenders & Distillers Ltd.
394-C Lamington Chambers,
Lamington Road,
Mumbai– 400 004,
Mumbai, Maharashtra
Phone: +91 22 43001111
Email: complianceofficer@abdindia.com
Website: https://www.abdindia.com/
MUFG Intime India Pvt.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 is a main-board IPO of 5,33,90,079 equity shares of the face value of ₹2 aggregating up to ₹1,500.00 Crores. The issue is priced at ₹281 per share. The minimum order quantity is 53.
The IPO opens on June 25, 2024, and closes on June 27, 2024.
MUFG Intime India Pvt.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
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, and the minimum amount required for application is ₹14,893.
You can apply in Allied Blenders IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tuesday, July 2, 2024.
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