Allied Blenders IPO

Allied Blenders & Distillers Ltd

₹14,151 /53 sharesMinimum Investment

Allied Blenders IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹281.00₹320.00₹39.00 (13.88%)

Allied Blenders IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jun ‘24 - 27 Jun ‘24₹14,15153₹267 - ₹281
Issue SizeIPO Doc
1500.00Cr
RHP PDF

Subscription rate

As of 27 Jun'24, 05:00 PM
Qualified Institutional Buyers50.37x
Non-Institutional Investor32.3x
Retail Individual Investor4.31x
Employees9.46x
Total23.43x

About the company

Allied Blenders and Distillers Limited is an Indian-owned company specialising in Indian-made foreign liquor (IMFL). Established in 1988, the company entered the mass premium whisky market with its flagship brand, Officer’s Choice Whisky. Since then, Allied Blenders has introduced products across various categories. As of August 31, 2023, the company's portfolio includes 17 IMFL brands, spanning whisky, brandy, rum, vodka, and gin. Allied Blenders also markets packaged drinking water under brands like Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve. The company operates its own distillery in Rangapur, Telangana, spread across 74.95 acres with a built-up area exceeding 25,000 square meters. Allied Blenders has an in-house distillation capacity of 54.75 million litres per year of extra neutral alcohol (ENA), a crucial ingredient in their product manufacturing process.;
Founded in
2008
Managing director
Mr. Alok Gupta
Parent organisation
Allied Blenders & Distillers Ltd

Strength and risks

Strengths
Risks
Allied Blenders has a widespread sales network across India, consisting of 12 sales support offices as of August 31, 2023. The company’s route-to-market capabilities cover all channels and alcohol-permitted States and Union Territories.
As of August 31, 2023, Allied Blenders exports its products to 14 international markets, including the Middle East, North America, Africa, Asia, and Europe.
In 2021, 2022, and 2023, and the five months ending August 31, 2022, and 2023, Allied Blenders sold 25.52 million, 28.40 million, 32.24 million, 13.08 million, and 13.63 million cases of IMFL in India, respectively.
Allied Blenders possesses bottling capabilities across 22 states and Union Territories as of August 31, 2023. The company owns and operates nine bottling units and has agreements with five third-party bottling facilities, fully utilising their licensed capacities.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular267 - 281₹2 Lakh
Employee241 - 255₹2 Lakh
High Networth Individual267 - 281₹2 - 5 Lakh
For Allied Blenders IPO, eligible investors can apply as Regular & Employee.
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