Allied Blenders IPO Description: Allied Blenders and Distillers is the largest Indian-made foreign liquor (IMFL) company. The company product range includes four main categories of Indian-made foreign liquor, i.e., whisky, brandy, rum, and vodka. It also sells packaged drinking water under its Officer’s Choice, Blue, and Sterling Reserve brands.
As of 31 December 2023, the company had a pan-India sales footprint, including 12 regional sales support offices and nearly 79,329 outlets. The company also exported its products to 14 international markets, including countries in the Middle East, North America, Africa, Asia, and Europe.
Allied Blenders and Distillers owns and operates a distillery in Rangapur, Telangana spread over 74.95 acres with a built-up area of over 25,000 square meters. The company’s in-house distillation capacity of extra neutral alcohol (ENA), the key material used in the manufacture of the products, is 6 crore liters per year. It also has extensive bottling capabilities across India. As of 31 December 2023, the company relied on 18 bottling facilities, including bottling facilities owned and operated by them and contract bottling facilities both on an exclusive and non-exclusive basis, for bottling the products.
Promoters of Allied Blenders – 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
Table of Contents
Allied Blenders IPO Details
| Allied Blenders IPO Dates | 25 – 27 June 2024 |
| Allied Blenders IPO Price | INR 267 – 281 per share |
| Employee Discount | INR 26 per share |
| Fresh issue | INR 1,000 crore |
| Offer For Sale | INR 500 crore |
| Total IPO size | INR 1,500 crore |
| Minimum bid (lot size) | 53 shares (INR 14,893) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Allied Blenders Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 6,378.78 | 7,196.92 | 7,105.68 | 5,911.14 |
| Expenses | 6,184.82 | 7,000.61 | 6,920.69 | 5,728.78 |
| Net income | 2.51 | 1.48 | 1.60 | 4.23 |
| Margin (%) | 0.04 | 0.02 | 0.02 | 0.07 |
Allied Blenders Offer News
- Allied Blenders IPO Allotment Status
- Allied Blenders IPO Subscription Status
- Allied Blenders RHP
- Allied Blenders DRHP
- Upcoming IPOs in June 2024
- ASBA IPO Forms
- IPO Allotment Status
Allied Blenders Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Post-Issue)* | |
| EPS | 0.10 | 0.06 | 0.07 | 0.20 |
| PE Ratio | – | – | 4,073.42 – 4,287.01 | 1,324.11 – 1,393.54 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 0.66 | 0.37 | 0.39 |
| NAV | 15.64 | 16.55 | 16.64 |
| ROCE (%) | 26.45 | 25.13 | 25.87 |
| EBITDA (%) | 9.07 | 7.73 | 6.23 |
| Debt/Equity | 2.39 | 2.05 | 1.85 |
Allied Blenders IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 1 July 2024 | 45 | – | 1,700 |
| 29 June 2024 | 60 | – | 2,100 |
| 28 June 2024 | 65 | – | 2,500 |
| 27 June 2024 | 80 | – | 3,200 |
| 26 June 2024 | 85 | – | 3,400 |
| 25 June 2024 | 80 | – | 3,200 |
| 24 June 2024 | 75 | – | 3,100 |
| 22 June 2024 | 57 | – | 2,400 |
Allied Blenders IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company – INR 720 crore
- General corporate purposes
Allied Blenders – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Allied Blenders and Distillers | 4,287.01 | 0.07 | 0.39 | 16.64 | 7,116.75 |
| United Spirits | 73.16 | 16.01 | 18.76 | 82.48 | 27,888.50 |
| Radico Khaitan | 95.87 | 16.48 | 9.98 | 165.13 | 12,753.32 |
| Globus Spirits | 17.26 | 42.39 | 13.78 | 307.83 | 2,830.30 |
Allied Blenders IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe
Ajcon Global –
Antique Stock Broking –
Axis Capital – Not rated
Arihant Capital –
Ashika Research – Not rated
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking – Subscribe
Elara Capital – Not rated
Elite Wealth – Avoid as listed players are more attractive
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe for long term
ICICIdirect –
HDFC Securities – Not rated
Jainam Broking – Avoid
KR Choksey –
Systematix Research – Not rated
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Avoid
Sushil Finance – Subscribe
Swastika Investmart – Avoid
SBI Securities – Subscribe
Ventura Securities – Subscribe
Allied Blenders IPO Dates & Listing Performance
| Allied Blenders IPO Opening Date | 25 June 2024 |
| Allied Blenders IPO Closing Date | 27 June 2024 |
| Finalisation of Basis of Allotment | 28 June 2024 |
| Initiation of refunds | 1 July 2024 |
| Transfer of shares to demat accounts | 1 July 2024 |
| Allied Blenders IPO Listing Date | 2 July 2024 |
| Opening Price on NSE | INR 320 per share (up 13.88%) |
| Closing Price on NSE | INR 317.90 per share (up 13.13%) |
Allied Blenders and Distillers IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Allied Blenders Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra, India
Tel:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.co.in
Allied Blenders Contact Details
ALLIED BLENDERS AND DISTILLERS LIMITED
Ashford Center, 3rd and 4th floor, Shankar
Rao Naram Marg, Lower Parel (West),
Mumbai- 400 013, Maharashtra
Phone:Â +91 22 43001111
Email:Â [email protected]
Website: www.abdindia.com
Allied Blenders and Distillers IPO FAQs
How many shares in Allied Blenders IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Allied Blenders and Distillers Public Offer?
The best way to apply in Allied Blenders and Distillers public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Allied Blenders IPO GMP today?
Allied Blenders IPO GMP today is INR 45 per share.
What is Allied Blenders kostak rate today?
Allied Blenders kostak rate today is NA per application.
What is Allied Blenders Subject to Sauda rate today?
Allied Blenders Subject to Sauda rate today is INR 1,700 per application.
Avoid this IPO.
Very low reported profits and margins.