Allied Blenders & Distillers Ltd IPO: Review, Valuation, Date & GMP

Allied Blenders and Distillers Limited IPO- Complete Overview

Allied Blenders and Distillers, founded in 2008, is an Indian-based foreign liquor company. The company sells four types of Indian-made foreign liquor: whiskey, brandy, rum, and vodka. In addition, they sell packaged drinking water under the names Officer's Choice, Officer's Choice Blue, and Sterling Reserve.

It was launched in 1988 as the company's entry into the mass premium whisky market. Between 2016 and 2019, it was one of the world's best-selling whisky brands in terms of annual sales volume.

With annual sales volumes spanning from Fiscal 2014 to Fiscal 2022, it is the largest Indian-owned Indian-made foreign liquor ("IMFL") company in India. They are one of only four spirits firms in India with a pan-India sales and distribution footprint, a prominent IMFL exporter, and a predicted 11.8% market share (by sales volume) in the Indian whiskey market for Fiscal 2023.

The Middle East, North and South America, Africa, Asia, and Europe were among the 22 foreign markets to which the corporation exported its goods as of December 31, 2021.

 

Dear readers, we are pleased to provide details about the approaching IPO. The company plans to launch its IPO on June 25, 2024.

Let's take a closer look at the IPO's offerings below.

Allied Blenders and Distillers Limited IPO Overview

Allied Blenders and Distillers Limited IPO is a Mainboard Book Built Issue of Rs.1500 crores that have a Fresh Issue of Rs.1000 crore and OFS of Rs.500 crore. The IPO will be available to investors on June 25, 2024, and will conclude on June 27, 2024. The anticipated listing date for the IPO is Monday, July 2, 2024, and it will be held on the BSE and NSE. 

The price band of the share is not announced yet.

If You want to apply for this IPO, Click here to Open a Demat Account.

 

Company Financial

Below is the synopsis of the company's financial data for the financial year that concluded on 31 March 2023.

• The company’s revenue or turnover is over Rs. 500 crore.

• The net worth of the company has increased by 1.27%.

• The company's EBITDA has decreased by 5.84%.

• The total assets of the company have increased by 11.05%.

• The company's liabilities have gained by 17.70%.

(Amount in crores)

 

Revenue Bifurcation

The following are the facts offered in various firm activities. Let's take a look at it to gain a better idea of the company's success.

(Amount in Million)

 

Product-wise percentage of Revenue Distribution 

 

The Objective of the Allied Blenders and Distillers IPO 

The company desires to use the Net Proceeds from the Issue to fulfill its goals:

• The company may prepay or arrange repayment of a portion of its existing borrowings.

• General corporate purposes.

 

Peers of Allied Blenders and Distillers Limited

 

Evaluation

The price of this IPO is not yet disclosed by the company.

Evaluation of P/E Ratio

The P/E Ratio of Allied Blenders and Distillers Limited IPO is not available.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 63.31x.

 

Allied Blenders & Distillers IPO Strengths 

• Among the largest IMFL companies in India, with a diverse and modern product line.

• Strong brand recognition.

• Strategically positioned, large-scale, and innovative manufacturing facilities with a sophisticated R&D center.

• Access to a broad pan-India distribution network with the ability to scale.

• The company is well-positioned to capitalize on opportunities in the Indian IMFL business. It has an experienced board and senior management team, as well as a dedicated workforce base.

 

Allied Blenders & Distillers IPO Weaknesses 

• The company relies on the sales of its whisky products, and any decrease in these sales might have a material unfavorable effect on its business, financial condition, results of operations, and prospects.

• The inability to sustain or enhance the popularity of its brands, particularly its Officer's Choice brand, may negatively influence its commercial prospects and financial performance.

• The company relies on sales of its products in India, particularly in the states of West Bengal, Telangana, and Uttar Pradesh, and any decrease in sales in such critical states could have a material unfavorable effect on its business, financial condition, results of operations, and prospects.

• We may be unable to raise the selling price of its products, which could negatively impact its business.

• Any slowdown or disruption in its manufacturing operations, or under-utilization of its existing or planned distillery and bottling facilities, may have a detrimental impact on its company and financial performance.

• Its business is based on the sale of its products to important customers, and the loss of one or more of these clients, as well as a decline in the price of its products, could harm its business, operations, financial condition, and cash flows.

 

IPO GMP Today

The Latest GMP of Allied Blenders and Distillers Limited IPO is Rs.56

 

Allied Blenders and Distillers Limited IPO timetable (Tentative)

The IPO is scheduled from June 25 to June 27, 2024, with allotment on June 28, refund initiation on July 1, and listing on July 2, 2024.

 

Allied Blenders and Distillers Limited IPO Details 

The IPO with a face value of Rs.2 per share is set to start on June 25, close on 27 June, and offer a total issue size aggregating up to Rs.1500 Cr out of which Fresh Issue is Rs.1000 crore and Rs.500 crore for OFS.

 

Allied Blenders and Distillers Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 lot and 13 lots respectively while for S-HNI investors, the minimum lot is 14 and for B-HNI investors, the minimum lot is 68.

 

Allied Blenders and Distillers Limited IPO Reservation

 

 

Promoters & Management of Allied Blenders and Distillers Ltd IPO.

• Kishore Rajaram Chhabria

• Bina Kishore Chhabria

• Resham Chhabria Jeetendra Hemdev

• Bina Chhabria Enterprises Private Limited

• BKC Enterprises Private Limited

• Oriental Radios Private Limited

• Officer's Choice Spirits Private Limited.

 

 

Allied Blenders and Distillers Limited IPO Lead Managers:

• ICICI Securities Limited

• Nuvama Wealth Management Limited

• Iti Capital Ltd 

 

Dividend Policy Of Allied Blender & Distiller LTD

The company has not paid any Dividends in the Fiscals 2023, 2022, and 2021.

 

Conclusion

The company has noticed the growth in its net worth, and total assets in the previous Financial Year(s). To achieve its goals, the company is currently launching an initial public offering to the general public.

Hope the information presented in this blog will help you in letting you know about the company’s financial performance.

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

 

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