Allied Blenders IPO GMP, Price, Date, Allotment

Last updated on July 4, 2024

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

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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

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Allied Blenders Financial Performance

	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

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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

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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

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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

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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

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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

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Allied Blenders IPO Reviews – Subscribe or Avoid?

Angel One –
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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

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Allied Blenders IPO Dates & Listing Performance

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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: [email protected]
Website: www.icicisecurities.com

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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: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in

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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: +91 22 43001111
Email: [email protected]
Website: www.abdindia.com

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Allied Blenders and Distillers IPO FAQs