Allied Blenders & Distillers Ltd IPO

About Allied Blenders & Distillers Ltd

Allied Blenders and Distillers Private Limited was incorporated as `You and Me Properties Private Limited', pursuant to a certificate of incorporation dated October 8, 2008, issued by the RoC. The name of the Company was changed to `Moonlight Blenders and Distillers Private Limited', and a fresh certificate of incorporation dated July 22, 2009 was issued by the RoC. Pursuant to a scheme of amalgamation between Allied Blenders and Distillers Private Limited, its Own Properties Private Limited and the Company, the erstwhile name of which was Moonlight Blenders and Distillers Private Limited, dated April 1, 2009, and an order of the Bombay High Court dated February 5, 2010, the entire business undertakings of Allied Blenders and Distillers Private Limited and its Own Properties Private Limited were transferred to the Company the erstwhile name of which was Moonlight Blenders and Distillers Private Limited. Consequently, the name of the Company was changed to `Allied Blenders and Distillers Private Limited', and a fresh certificate of incorporation dated April 30, 2010, was issued by the RoC. Subsequently, pursuant to a resolution of our Board dated June 2, 2022 and a resolution of its Shareholders dated June 4, 2022, the Company was converted from a private company to a public company and consequently, the name was changed from `Allied Blenders and Distillers Private Limited' to `Allied Blenders and Distillers Limited', and a fresh certificate of incorporation under the Companies Act, 2013 was issued upon a change in name by the RoC on June 8, 2022.

India is primarily a distilled alcohol market with more than 92.0% of recorded pure alcohol consumption in form of distilled spirits. India is one of the fastest growing alcoholic beverage markets in the world growing from a small base of 1.3 litres per capita of recorded consumption of pure alcohol in 2005 to 2.7 litres per capita consumption in 2010 and further to estimated 3.12 litres per capita consumption in 2023.

Allied Blenders & Distillers Limited is an Indian-owned Indian-made foreign liquor (IMFL) company and as on the date of this Red Herring Prospectus, its product range includes five main categories of IMFL, i.e., whisky, brandy, rum, vodka and gin. The Company derives almost all of its revenue from contracts with customer - Sale of goods (IMFL) from the sale of its whisky products.

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