Allied Blenders & Distillers Ltd IPO

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.

Open Demat Account

50years

Allied Blenders & Distillers Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
533.81 L177.94 L186.46 L2,441.14 LBSE₹ 1500 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
25 Jun, 2427 Jun, 2453 ₹ 14,151 Book Building02 Jul, 24

Allied Blenders & Distillers Ltd IPO Dates

  • 25 Jun 2024

    Opening date

  • 27 Jun 2024

    Closing date

  • 28 Jun 2024

    Basis of
    Allotment

  • 01 Jul 2024

    Initiation of
    Refunds

  • 01 Jul 2024

    Credit of
    Shares

  • 02 Jul 2024

    Listing date

Details

SectorType
SectorBreweries & Distilleries
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB21.21x26637011564857994
NII34.1x7991103272473212
Retail4.75x1864590788548319
Employee11.54x1067621231667
Total17.37x53380783927111192

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Allied Blenders & Distillers Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations63.6665.4874.01
EBITDA118.05122.67132.24
PAT4.945.935.71
Total Assets1,843.731,482.171,448.11
Share Capital48.8247.1153.93
Total Borrowings967.52883.211,098.27
Operating Activities (Net Cash)59.3363.1263.94
Investing Activities (Net Cash)-7.0666.0111.89
Financing Activities (Net Cash)967.52883.211,098.27
Net Cashflow52.5053.4169.82

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

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.

Peer Comparison:

  • United Spirits Ltd
  • Radico Khaitan Ltd
  • Globus Spirits Ltd

Allied Blenders & Distillers Ltd IPO Key Points

Strengths

  • Among the largest IMFL companies in India with a diversified and contemporary product portfolio.
  • Strong brand recognition.
  • Strategically located, large scale and advanced manufacturing facilities with a sophisticated research and development centre.
  • Access to extensive pan-India distribution network with ability to scaleAccess to extensive pan-India distribution network with ability to scale.
  • Well-positioned to capture tailwinds in the Indian IMFL industry.

Risk

  • The company is substantially dependent on the sales of its whisky products which generated 97.58%, 96.90%, and 95.38% its revenue from operations in Fiscal 2021, 2022 and 2023 and 95.76% and 94.33%, respectively, of its revenue from operations for the nine months ended December 31, 2022 and December 31, 2023. Any reduction in sales of these products could have a material adverse effect on its business, financial condition, results of operations and prospects.
  • The company has experienced volatile fluctuations in its profit after tax for the year/period and PAT Margin in the past. There is no guarantee that these will improve in the future and the Company will be able to generate higher returns.
  • The company is significantly dependent on the sale of its whisky products under the Officer's Choice brand which constituted 83.76%, 82.29%,75.85%, 76.78% and 73.02% of its total sales volume in Fiscal, 2021, 2022 and 2023 and nine months ended December 31, 2022 and December 31, 2023. An inability to maintain or enhance the popularity of its Officer's Choice brand may adversely impact the company's business prospects and financial performance.

Strategy

  • Increase market share of Officer's Choice Whisky across regions.
  • Introduce new products within the premium, semi-premium and deluxe segments to strengthen presence in other categories.
  • Continue to focus on improving operating efficiencies.
  • Evaluate growth opportunities through selective acquisitions.
  • Focus on environmental and social practices.
  • Among the largest IMFL companies in India with a diversified and contemporary product portfolio.
  • Strong brand recognition.
  • Strategically located, large scale and advanced manufacturing facilities with a sophisticated research and development centre.
  • Access to extensive pan-India distribution network with ability to scaleAccess to extensive pan-India distribution network with ability to scale.
  • Well-positioned to capture tailwinds in the Indian IMFL industry.

How To Apply for Allied Blenders & Distillers Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Allied Blenders & Distillers Ltd's IPO offers shares for up to ₹ 0.01 L It begins on Jun 25, 2024 and ends on Jun 27, 2024.

The price of Allied Blenders & Distillers Ltd IPO ranges between ₹267 to ₹281 per share.

The Allied Blenders & Distillers Ltd IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.

The allotment for the Allied Blenders & Distillers Ltd IPO will be finalised on Jun 28, 2024. The shares will be listed on BSE and NSE on Jul 2, 2024.

The minimum lot size for Allied Blenders & Distillers Ltd IPO is 53 shares, priced between ₹267 to ₹281 per share.

The GMP (Grey Market Premium) of Allied Blenders & Distillers Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Allied Blenders & Distillers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Allied Blenders & Distillers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 25, 2024, and closes on Jun 27, 2024. The allotment is finalised on Jun 28, 2024.

To apply for the Allied Blenders & Distillers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.