Allied Blenders and Distillers Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹267 - ₹281
- Lot size
- 53 shares
- Issue amount
- ₹1,500 cr
- Total subscription
- 24.72×
- Opens
- 25 Jun 2024
- Closes
- 27 Jun 2024
- Allotment
- 29 Jun 2024
- Listing
- 2 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 5,33,80,783 shares
- Face value
- ₹2 Per Equity Share
- Minimum investment
- ₹14,151
- Fresh issue
- ₹1,000 cr
- Offer for sale
- ₹500 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,893
- Issue type
- Book Built Issue IPO
- Shares before issue
- 24,41,13,665
- Shares after issue
- 27,97,00,854
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 53 | ₹14,893 |
| sHNI | 14 | 742 | ₹2,08,502 |
| bHNI | 68 | 3,604 | ₹10,12,724 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 7,180 | 53,730 |
| HNIs (2-10L) | 3,590 | 79,130 |
| RETAIL | 3,51,810 | 13,82,173 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 299.4 | 15,872.51 |
| RETAIL | 523.95 | 2,437.89 |
| HNIs 2+ | 74.85 | 1,694.07 |
| HNIs 10+ | 149.7 | 5,951.53 |
| EMPLOYEES | 3.31 | 33.72 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0.12 | 0.07 | 0.06 |
| ROE | 1.03 | 0.39 | 0.37 |
| ROCE | 24.35 | 25.87 | 25.13 |
| RONW | 1.03 | 0.39 | 0.37 |
| PRE IPO(PE) | 4,284.57 | 0 | 0 |
| POST IPO(PE) | 1,393.87 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Allied Blenders and Distillers, incorporated in 2008, is a leading Indian-made foreign liquor company with a diverse portfolio of whisky, brandy, rum, vodka, and packaged drinking water under brands like Officer's Choice, Officer's Choice Blue, and Sterling Reserve. Officer's Choice Whisky, introduced in 1988, ranked among the world's top-selling whisky brands from 2016 to 2019. The company's products are available in 22 international markets across the Middle East, the Americas, Africa, Asia, and Europe. It operates a distillery in Rangapur, Telangana, spanning 74.95 acres with a built-up area of over 25,000 square meters, featuring an in-house distillation capacity of 54.75 million litres of extra neutral alcohol (ENA) annually. As of December 2022, Allied Blenders utilizes 30 bottling facilities across India, including both owned and contract bottling units, to support its large-scale operations.
Strengths
- Industry Leader with a Diverse Portfolio: Allied Blenders and Distillers is the largest Indian-owned IMFL company and ranks third in India by sales volume. Its wide range of products includes whisky, brandy, rum, and vodka, catering to various consumer preferences.
- Strong Brand Presence: Officer’s Choice Whisky leads the mass premium segment with a 20.9% market share (Fiscal 2023). Consistent investments in branding have reinforced its position as a market leader.
- Strategic Manufacturing & R&D: With a large distillery in Rangapur, Telangana, producing 600 lakh litres of extra neutral alcohol annually, and extensive bottling facilities across India, the company ensures strong nationwide distribution.
Risk factors
- Heavy Reliance on Whisky Sales: Over 95% of the company’s revenue from Fiscal 2021 to 2023 came from whisky. Any decline in whisky demand could significantly impact financial performance.
- Fluctuating Profits: The company has seen ups and downs in its profit margins, making financial stability uncertain and future returns unpredictable.
- Regulatory Challenges: Strict government regulations at both Central and State levels could lead to higher costs or business restrictions, potentially affecting operations.
Promoters
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
Registrar & documents
Lead manager
ICICI Securities Limited, Nuvama Wealth Management Limited, Iti Capital Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
394-C Lamington Chambers, Lamington Road, Mumbai– 400 004
+91 22 43001111
[email protected]Company website ↗Understanding ABDL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.