Allied Blenders & Distillers IPO: Company Overview, IPO GMP, Timelines & Price

June 20, 2024 IPO 3 min read
Allied Blenders & Distillers IPO GMP

Allied Blenders & Distillers IPO: An Overview and Company Insight

Allied Blenders & Distillers (ABD) is a prominent player in the Indian-made foreign liquor (IMFL) industry, recognized for its flagship product, Officer’s Choice Whisky. Ranked as the third-largest IMFL company in India by annual sales volume from 2014 to 2021, ABD has consistently proven its market dominance. The company commands a significant share in the mass premium segment and boasts a diverse portfolio of 10 major brands, including Officer’s Choice Blue, Sterling Reserve, and Officer’s Choice Brandy.

ABD’s strong distribution network spans pan-India, and its products reach 22 international markets, making it one of the leading exporters of foreign liquor from India. The company’s robust brand presence and strategic market positioning have earned it several awards and recognitions, cementing its status as a key player in the industry.

Allied Blenders & Distillers IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for the Allied Blenders & Distillers IPO is a crucial indicator for potential investors. GMP reflects the premium at which IPO shares are traded in the unofficial market before their listing on the stock exchanges. Here’s a look at the recent trends:

Allied Blenders & Distillers IPO GMP Table

Date IPO GMP
20 June ₹50
19 June ₹-

The consistent rise in GMP indicates positive market sentiment and suggests robust demand for the IPO shares.

Allied Blenders & Distillers Financial Information (Restated Consolidated)

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets ₹2,741.39 ₹2,487.70 ₹2,248.35 ₹2,298.57
Revenue ₹5,914.98 ₹7,116.75 ₹7,208.17 ₹6,397.81
Profit After Tax ₹4.23 ₹1.60 ₹1.48 ₹2.51
Net Worth ₹409.26 ₹406.10 ₹404.10 ₹381.78
Reserves and Surplus ₹360.43 ₹357.28 ₹356.99 ₹327.85
Total Borrowing ₹798.11 ₹780.82 ₹846.91 ₹954.74

Pricing Details and Lot Size – Allied Blenders & Distillers IPO

The IPO price band for Allied Blenders & Distillers is set between ₹267 and ₹281 per share. Investors can bid for a minimum of one lot, which typically comprises a set number of shares, ensuring accessibility to a wide range of investors. The price band reflects the company’s valuation, market positioning, and future growth prospects.

IPO Timelines at a Glance – Allied Blenders & Distillers

Event Date
IPO Open Date Tuesday, June 25, 2024
IPO Close Date Thursday, June 27, 2024
Basis of Allotment Friday, June 28, 2024
Initiation of Refunds Monday, July 1, 2024
Credit of Shares to Demat Monday, July 1, 2024
Listing Date Tuesday, July 2, 2024
Cut-off time for UPI mandate 5 PM on June 27, 2024

Book-running Lead Managers and Registrar – Allied Blenders & Distillers IPO

The IPO is managed by a team of experienced lead managers including ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Ltd. The registrar for the IPO is Link Intime India Private Ltd, ensuring a smooth and efficient process for potential investors.

Offer for Sale and IPO Size Breakdown – Allied Blenders & Distillers

The ₹1,500 crore IPO comprises a fresh issue of shares worth ₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore. The fresh issue proceeds will be utilized for debt repayment and general corporate purposes, reinforcing the company’s financial health and supporting its expansion plans.

Utilization of Fresh Issuance and Technological Advancements – Allied Blenders & Distillers

The proceeds from the fresh issuance will be primarily used for the scheduled prepayment and repayment of certain market borrowings. This strategic move aims to make ABD debt-free, thereby strengthening its financial position. Additionally, the funds will be allocated for general corporate purposes, including technological advancements to enhance operational efficiency and product quality.

Conclusion

Investing in Allied Blenders & Distillers IPO offers potential growth opportunities due to the company’s strong market presence, extensive distribution network, and diversified product portfolio. The rising GMP and strategic utilization of IPO proceeds further enhance its investment appeal. However, prospective investors should consider market risks and perform due diligence before making investment decisions.

To invest in the Allied Blenders & Distillers IPO, open a Demat account with TradeSmart. Don’t miss out on this opportunity to invest in one of India’s leading IMFL companies!

Frequently Asked Questions – Allied Blenders & Distillers IPO

What is the price band for Allied Blenders & Distillers IPO?

The price band is set between ₹267 and ₹281 per share.

What is the IPO size of Allied Blenders & Distillers?

The IPO size is ₹1,500 crore, including a fresh issue of ₹1,000 crore and an offer-for-sale of ₹500 crore.

How can I apply for Allied Blenders & Distillers IPO?

Investors can apply through their trading accounts or via the UPI payment method using ASBA.

What is the Grey Market Premium for Allied Blenders & Distillers IPO?

As of the latest data, the GMP is ₹50.

When will the shares be credited to my Demat account?

The shares are expected to be credited by July 1, 2024.

Who are the lead managers for the IPO?

The lead managers include ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Ltd.

What are the key objectives of the IPO?

The IPO aims to utilize proceeds for debt repayment and general corporate purposes.

What are the key risks associated with investing in this IPO?

Key risks include dependence on whisky sales, regional sales concentration, and potential tax policy changes.


Related

Open Demat Account With TradeSmart

Lowest Brokerage Ever Trade @15 Per Order
Download TradeSmart App Now

Scan below QR Code
to download App