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Allied Blenders LTD. IPO: Review, Valuation, Opening Date & GMP
Table of Contents
- Allied Blenders LTD IPO - Complete Overview
- What does the company do?
- Allied Blenders IPO Overview
- Company Financial
- The objective of the Issue
- Promoters and Management of Allied Blenders IPO
- Allied Blenders IPO Lead Managers
- Peers of Allied Blenders IPO
- IPO's Valuations
- Dividend Policy
- IPO's Strengths
- IPO's Weaknesses
- IPO GMP Today
- Conclusion
Allied Blenders LTD IPO - Complete Overview
Allied Blenders & Distillers (ABD) was founded in 1988 in Kolkata by Kishore Rajaram Chhabria. It has since grown to become the third-largest Indian-made foreign liquor company and the largest Indian-owned alcoholic beverage company, headquartered in Mumbai. Known for its diverse product range, ABD exports to 22 countries worldwide and is a major distributor of whiskey, rum, vodka, brandy, and other spirits.
In addition to its business operations, ABD actively engages in events such as the Sterling Reserve Cup for the Indian vs. New Zealand Cricket tournament in 2022.
What does the company do?
Allied Blenders & Distillers is a company that makes and sells lots of different kinds of drinks, like brandy, whisky, rum, and more. They have renowned brands like Officer's Choice and Jolly Roger. If we have a look in the liquor sector then we will find that ABD is present in 30 states and union territories, with 9 of their own bottling units and 1 distilling unit clearly having a dominant impact on the sector. They also team up with 22 other places to make their drinks. Officer's Choice Whisky, which they started in 1988, is super popular and one of the best-selling whiskies in the world.
Allied Blenders IPO Overview
Allied Blenders and Distillers' IPO will start on [-] and end on [-].
The Allied Blenders IPO price band has not been issued yet. The upcoming BSE NSE IPO’s listing date is also not confirmed yet.
The total issue size of this IPO amounts to Rs.2,000.00 CR. Out of the entire allocation, 35% is issued to retail investors.
Allied Blenders IPO timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
December 2023 |
|
IPO Closing Date |
December 2023 |
|
IPO Allotment Date |
December 2023 |
|
Refund initiation |
December 2023 |
|
IPO Listing Date |
December 2023 |
Allied Blenders IPO Details
|
IPO opening & closing date |
– November to – December 2023 |
|
Face value |
Rs. per share |
|
Issue Price |
Rs. per share |
|
Lot Size |
Shares |
|
Price of 1 lot |
- |
|
Total Issue Size |
shares (aggregating up to Rs.2,000.00 Cr) |
|
Offer for sale |
Shares of Rs.2 (aggregating up to Rs.1,000.00 Cr) |
|
Fresh issue |
Shares (aggregating up to Rs.1,000.00 Cr) |
|
Listing at |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Link Intime India Private Ltd |
Allied Blenders IPO Lot Details
|
Minimum Lot Investment (Retail) |
|
|
Maximum Lot Investment (Retail) |
Allied Blenders IPO Reservation
|
QIB Shares Offered |
Not more than 50% |
|
Retail Shares Offered |
Not more than 35% |
|
HNI Shares Offered |
Not more than 15% |
Company Financial
(Amount in Crores)
|
Period |
FY 21 |
|
Total Assets |
2,298.57 |
|
Total Revenue |
6,397.81 |
|
PAT |
2.51 |
|
Net worth |
381.78 |
|
Reserve & Surplus |
263.71 |
|
Total Borrowings |
954.74 |
REVENUE-DISTRIBUTION PRODUCT WISE
( in % age)
|
Particulars |
31 DEC F.Y. 21 |
F.Y. 21 |
F.Y. 20 |
|
Whisky |
97.06% |
97.58% |
96.55% |
|
Brandy |
0.56% |
0.65% |
1.19% |
|
Rum |
0.34% |
0.35% |
0.54% |
|
Vodka |
0.06% |
0.10% |
0.18% |
|
Others |
1.98% |
1.32% |
1.54% |
|
Total |
100.00% |
100.00% |
100.00% |
REVENUE DISTRIBUTION STATE WISE
( % age)
|
State |
31 DEC F.Y. 21 |
F.Y 21 |
F.Y 20 |
|
West Bengal |
20.04% |
19.71% |
20.24% |
|
Telangana |
16.91% |
17.81% |
17.25% |
|
Uttar Pradesh |
14.78% |
13.89% |
11.68% |
|
Rajasthan |
6.04% |
6.37% |
6.81% |
|
Karnataka |
5.31% |
5.05% |
3.36% |
|
Odisha |
4.67% |
4.13% |
4.67% |
|
Haryana |
4.48% |
4.77% |
5.76% |
|
NCT ofDelhi |
2.19% |
3.70% |
4.88% |
|
Jharkhand |
1.98% |
2.34% |
1.54% |
|
Total |
76.40% |
77.77% |
76.19% |
Revenue By Operations
(amount in millions)
|
Particulars |
31 December FY 21 |
FY 21 |
FY 20 |
|
Revenue from operations |
54,449.84 |
63,787.76 |
81,190.65 |
|
Other Income |
75.89 |
190.36 |
165.47 |
|
Total |
54,525.73 |
63,978.12 |
81,356.12 |
The objective of the Issue
The company intends to use the net proceeds for the following objectives.
-
Corporate objectives in general.
-
Repayment of a specified portion of existing Company borrowings, either in advance or according to a set schedule
Promoters and Management of Allied Blenders IPO
-
Mr. Kishore Rajaram Chhabria
-
Mrs. Bina Kishore Chhabria
|
Pre-issue Promoter Shareholding |
96.21% |
|
Post-issue Promoter Shareholding |
Allied Blenders IPO Lead Managers
-
Equirus Capital Private Limited
-
Kotak Mahindra Capital Company Limited
-
JM Financial Limited
-
Axis Capital Limited
-
ICICI Securities Limited
Peers of Allied Blenders IPO
(as of June 8, 2022)
Name of the company |
Face value Rs. per share) |
P/ E |
EPS (Basic) (Rs.) |
|
Allied Blenders and Distillers Limited |
2 |
- |
- |
|
United Spirits Limited |
2 |
66.06 |
11.68 |
|
Radico Khaitan Limited |
2 |
41.27 |
19.70 |
|
Globus Spirits Limited |
10 |
14.90 |
65.01 |
IPO's Valuations
To assess the IPO's value, we require additional details not present in the company's DRHP and RHP. Therefore, we'll need to wait until more information becomes available.
Dividend Policy
Company hasn't paid dividends in past fiscal years. Whether we can pay them in the future depends on factors like profits, past dividend trends, capital needs, legal restrictions, and other relevant considerations evaluated by our Board.
IPO's Strengths
-
Largest Indian-owned IMFL company, third-largest in India by sales volume..
-
Strong brand recognition, evolved from a single to a multi-product company.
-
Three Millionaire Brands: Officer’s Choice, Sterling Reserve, Officer’s Choice Blue.
-
Pan-India distribution network, one of four with a nationwide presence.
IPO's Weaknesses
-
The business relies on various factors for growth and any drop in sales would be bad.
-
Most of the money comes from selling whisky.
-
Problems in advertising may hurt the brand, goodwill, and overall business performance.
IPO GMP Today
The GMP for the Allied Blenders IPO has not started yet. We will keep you updated with recent updates.
Conclusion
To sum it up, Allied Blenders & Distillers is a leading player in the world of alcoholic beverages, crafting a diverse range of drinks like whisky and rum. Their popular brands, including Officer's Choice, have earned them a global presence, making them a go-to choice for many. With an impressive network of manufacturing units and a rich history dating back to 1988, ABD continues to make a mark in the industry.
Frequently Asked Questions
ABD manufactures a variety of alcoholic beverages, such as brandy, whisky, rum, and more.
ABD operates in 30 states and union territories, showcasing a widespread footprint
Officer's Choice, Officer's Choice Blue, Jolly Roger, and Sterling Reserve are some of the standout brands from ABD.
Officer's Choice Whisky was introduced in 1988, marking ABD's entry into the mass premium whisky market.
Yes, Officer's Choice Whisky is one of the most-selling whisky brands globally, based on annual sales volumes from 2016 to 2019.
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