Allied Blenders and Distillers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 2 per share |
| Price Band | ₹ 267 to ₹ 281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 5,33,80,783 shares (aggregating up to ₹ 1,500.00 Cr) |
| Fresh Issue | 3,55,87,189 shares (aggregating up to ₹ 1,000.00 Cr) |
| Offer for Sale | 1,77,93,594 shares of ₹2 (aggregating up to ₹ 500.00 Cr) |
| Employee Discount | Rs 26 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 24,41,13,665 |
| Shareholding post issue | 27,97,00,854 |
About Allied Blenders and Distillers Limited IPO
Allied Blenders is the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022. They are one of the only four spirits companies in India with a pan-India sales and distribution footprint, a leading exporter of IMFL and had an estimated market share (in terms of sales volume) of 11.8% in the Indian whisky market for Fiscal 2023. Allied Blenders IPO is a book-built issue of Rs 1,500.00 crores. The issue is a combination of a fresh issue of 3.56 crore shares aggregating to Rs 1,000.00 crores and an offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores.
Allied Blenders IPO opens for subscription on June 25, 2024, and closes on June 27, 2024. The allotment for the Allied Blenders IPO is expected to be finalized on Friday, June 28, 2024. Allied Blenders IPO price band is set at ₹267 to ₹281 per share. The minimum lot size for an application is 53 Shares. ICICI Securities Limited, Nuvama Wealth Management Limited and Iti Capital Ltd are the book-running lead managers of the Allied Blenders IPO, while Link Intime India Private Ltd is the registrar for the issue.
Allied Blenders IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
EnNutrica IPO Anchor Investors Details
| Bid Date | June 24, 2024 |
| Shares Offered | 15,982,206 |
| 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 |
Objectives of Allied Blenders IPO
-
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
- 2. General corporate purposes.
Allied Blenders IPO Review
The company is one of the leading players in the IMFL segment. It marked negligible profits for the reported periods and priced its IPO exorbitantly on a P/E basis. The management hopes to match the net margin levels with its listed peers in the coming two years. Currently, the company is posting a skinny margin. Thus it’s a pure long-term story. There is no harm in skipping this pricey issue that is discounting all near-term positives.
Allied Blenders and Distillers Limited IPO Financial Information
Latest Revenue
5,914.98
₹ Crore
Profit After Tax
4.23
₹ Crore
Net Worth
409.26
₹ Crore
Total Borrowing
798.11
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 2,741.39 | 5,914.98 | 4.23 | 409.26 | 798.11 | ||||
| 31 Mar 2023 | 2,487.70 | 7,116.75 | 1.60 | 406.10 | 780.82 | ||||
| 31 Mar 2022 | 2,248.35 | 7,208.17 | 1.48 | 404.10 | 846.91 | ||||
| 31 Mar 2021 | 2,298.57 | 6,397.81 | 2.51 | 381.78 | 954.74 | ||||
| Amount in ₹ Crore | |||||||||
Allied Blenders and Distillers Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| P/BV | 16.77 |
| PAT Margin (%) | 0.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.07 | 0.2 |
| P/E (x) | 4284.57 | 1393.87 |
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Competitive Strengths
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Allied Blenders and Distillers Limited IPO Timeline
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,893 |
| Retail (Max) | 13 | 689 | ₹193,609 |
| S-HNI (Min) | 14 | 742 | ₹208,502 |
| S-HNI (Max) | 67 | 3,551 | ₹997,831 |
| B-HNI (Min) | 68 | 3,604 | ₹1,012,724 |