Bookbuilding IPO | ₹1,500 Cr | Listed at BSE, NSE | Tue, Jun 25, 2024 - Thu, Jun 27, 2024
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 per share. The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,893 (53 shares) (based on upper price). 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 Open
Tue, Jun 25, 2024
IPO Close
Thu, Jun 27, 2024
Issue Price
₹281 per share
Market Cap (Pre-IPO)
₹7,859.59 Cr
| IPO Date | 25 to 27 Jun, 2024 |
| Listed on | Tue, Jul 2, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 |
| Issue Price | ₹281 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹26.00 |
| Total Issue Size | 5,33,90,079 shares (agg. up to ₹1,500 Cr) |
| Fresh Issue | 3,55,96,486 shares (agg. up to ₹1,000 Cr) |
| Offer for Sale | 1,77,93,593 shares of ₹2 (agg. up to ₹500 Cr) |
| Share Holding Post Issue | 27,97,00,854 shares |
| BSE Script Code / NSE Symbol | 544203 / ABDL |
| ISIN | INE552Z01027 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 53 shares and in multiples thereof.
| 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 |
Allied Blenders IPO raises ₹449.10 crore from anchor investors. Allied Blenders IPO Anchor bid date is June 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 24, 2024 |
| Shares Offered | 1,59,82,206 |
| Anchor Portion (₹ Cr.) | 449.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jul 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Sep 26, 2024 |
| 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 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company; and | 720.00 |
| 2 | General corporate purposes | 221.47 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| PAT Margin | 0.05% |
| Price to Book Value | 16.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.07 | 0.20 |
| P/E (x) | 4284.57 | 1393.87 |
| Promoter Holding | 96.21% | 80.91% |
| Market Cap | ₹7,859.59 Cr. |
The Allied Blenders IPO is subscribed 24.85 times on June 27, 2024 6:19:05 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 53.01 | 1,06,54,804 | 56,48,57,994 |
| NII | 34.09 | 79,91,103 | 27,24,07,439 |
| bNII (bids above ₹10L) | 39.76 | 53,27,402 | 21,17,98,229 |
| sNII (bids below ₹10L) | 22.75 | 26,63,701 | 6,06,09,210 |
| Retail | 4.73 | 1,86,45,907 | 8,81,97,406 |
| Employee | 10.44 | 1,17,647 | 12,28,540 |
| Total | 24.85 | 3,72,91,814 | 92,66,91,379 |
Total Application : 15,38,755
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 31.57 |
| 2 | Advertising and marketing expenses | 8.58 |
| 3 | Printing and stationery expenses | 1.31 |
| 4 | Fees payable to Registrar to the Offer | 0.71 |
| 5 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (2)(3)(4)(5) | 4.82 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 6.15 |
| 7 | Others (Fees for the legal counsel, Statutory Auditor, Independent Chartered Engineer, and the Independent Chartered Accountant appointed for the purpose of the Offer, etc.) | 34.66 |
| Price Details | 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 |
Lead Manager Reports
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 Crores. The issue is priced at ₹281 per share. The minimum order quantity is 53.
The IPO opens on Tue, Jun 25, 2024, and closes on Thu, Jun 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 Tue, Jun 25, 2024 and closes on Thu, Jun 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 Mon, Jul 1, 2024. Check the Allied Blenders IPO allotment status.
The Allied Blenders IPO listing date is on Tue, Jul 2, 2024.
