Allied Blenders IPO is a book built issue of Rs 1,500.00 crores. The issue is a combination of fresh issue of 3.56 crore shares aggregating to Rs 1,000.00 crores and offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores.
Started from June 25, 2024 and ended on June 27, 2024. The allotment for Allied Blenders IPO was finalized on Friday, June 28, 2024. The shares got listed on BSE, NSE on July 2, 2024.
The issue includes a reservation of up to 117,647 shares for employees offered at a discount of Rs 26 to the issue price.
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.
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Allied Blenders And Distillers Limited Stock Quote & Charts
₹308.20
0.45 (0.15%)
- Open: ₹308.00
- High – Low: ₹312.85 – ₹306.60
- Previous Close: ₹307.75
- Total Traded Value: 5,88,676
- 52 Weeks High: ₹347.35 (Jul 08, 2024)
- 52 Weeks Low: ₹282.05 (Jul 23, 2024)
- Updated On: Jul 31, 2024 4:00 PM
Allied Blenders IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 53,380,783 shares (aggregating up to ₹1,500.00 Cr) |
| Fresh Issue | 35,587,189 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 17,793,594 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 |
| Share holding post issue | 279,700,854 |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,982,206 (30.00%) | NA |
| QIB Shares Offered | 10,654,804 (20.00%) | NA |
| NII (HNI) Shares Offered | 7,991,103 (15.00%) | |
| bNII > ₹10L | 5,327,402 (10.00%) | 7,179 |
| sNII < ₹10L | 2,663,701 (5.00%) | 3,589 |
| Retail Shares Offered | 18,645,907 (35.00%) | 351,809 |
| Employee Shares Offered | 117,647 (0.22%) | NA |
| Total Shares Offered | 53,274,020 (100%) |
Allied Blenders IPO Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | 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 |
Allied Blenders IPO Reservation
Offers 53,274,020 shares. 10,654,804 (20.00%) to QIB, 7,991,103 (15.00%) to NII, 18,645,907 (35.00%) to RII, 117,647 (0.22%) to employees and 15,982,206 (30.00%) to Anchor investors. 351,809 RIIs will receive minimum 53 shares and 3,589 (sNII) and 7,179 (bNII) will receive minimum 742 shares. (in case of oversubscription)
Allied Blenders IPO Promoter Holding
The Promoters of the company are Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer’s Choice Spirits Private Limited.
| Share Holding Pre Issue | 96.21% |
| Share Holding Post Issue | 80.91% |
Allied Blenders IPO Anchor Investors Details
Raises Rs 449.10 crore from anchor investors. Allied Blenders IPO Anchor bid date is June 24, 2024.
| 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 |
About Allied Blenders and Distillers Limited
Incorporated in 2008, 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.
Allied Blenders and Distillers Limited Financial Information (Restated Consolidated)
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 31 Mar 2021 |
| Assets | 2,741.39 | 2,487.70 | 2,248.35 | 2,298.57 |
| Revenue | 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 |
Objects of the Issue
The Company proposes to utilise the Net Proceeds towards funding the following objects:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
Allied Blenders IPO Review (Avoid)
[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
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