Allied Blenders and Distillers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Mumbai Based Allied Blenders and Distillers IPO is set to raise funds through an Initial Public Offering (IPO) and has filed the Draft Red Herring Prospectus (DRHP) with the securities market regulator SEBI.
The company aims to raise funds aggregating up to Rs. 2000 crores from the IPO.
Allied Blenders and Distillers IPO will consist of a Fresh Issue for 10,000 million equity shares along with an Offer for Sale for 10,000 million equity shares.
The company will receive the proceeds of the fresh issue, while the selling shareholders will be entitled to the proceeds from the Offer for Sale.
Let’s study this Allied Blenders and Distillers IPO Review in regards to the IPO and its different aspects.
| Face Value | Rs 2 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs. 10,000 million |
| Fresh Issue | Rs. 10,000 million |
| IPO Size | Rs. 20,000 million |
| Tick Size | 1 |
Allied Blenders and Distillers IPO Overview
Allied Blenders and Distillers IPO is a combination of a Fresh Issue of equity shares aggregating up to 10,000 million shares and an Offer for Sale of equity shares aggregating up to 10,000 million shares.
Promoters and Promoter Group shareholders will be offloading some portion of their holdings in the approaching IPO.
Before the IPO opens, the company might consider a preferential issue for up to Rs. 2,000 million before filing the Red Herring Prospectus with the RoC.
Allied Blenders and Distillers IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Allied Blenders and Distillers filed the DRHP with the Securities and Exchange Board of India (SEBI) in late June 2022 to seek its approval and proceed with the IPO launch.
Once the IPO is duly approved, the company will proceed toward the IPO opening and inviting bids from the investors and general public.
Allied Blenders and Distillers IPO Dates will be disclosed by the company after obtaining approval from the authority.
Allied Blenders and Distillers IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Not Disclosed |
| Offer for Sale | 10,000 million |
| Fresh Issue | 10,000 million |
| IPO Size | 20,000 million |
Allied Blenders and Distillers IPO Size and Allied Blenders and Distillers IPO Price will be discovered through the IPO Book Building Process.
It is a price discovery procedure to arrive at a fair price for the offered shares of the company. The IPO size will consist of the total number of equity shares and the total capital raised in the public issue.
Allied Blenders IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
Grey Market is an essential factor of an IPO. It is an important market constraint that impacts the direction of the success of an IPO highly. Grey Market is an unofficial market; the shares are traded here before listing on the main board exchanges.
Grey Market Premium is the price at which the shares are traded, and it helps in estimating the listing price of a share on the stock exchange.
Allied Blenders and Distillers IPO GMP will be available after the company declares the IPO dates.
Allied Blenders and Distillers IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – | |||||
| 2nd Day – | |||||
| 3rd Day – | |||||
| Shares Offered or Net Issue |
The subscription process largely decides the future of an IPO. It is the minimum subscription that every company must attain to complete its IPO; otherwise, if the minimum subscription is not achieved, the company cannot make its IPO and will be required to refund all the sums received from it the investors.
Allied Blenders and Distillers IPO Subscription will be initiated after the draft papers are approved, and RHP has been filed with RoC.
Allied Blenders and Distillers IPO Allotment Status
The basis of Allied Blenders and Distillers IPO Allotment will be finalized according to the demand received through the subscription process. The company is in the preliminary process and has filed the requisite documents to list its securities on the stock exchange.
Once the shares are listed, they can be freely traded among investors themselves through brokers.
Allied Blenders and Distillers IPO Live Performance
Allied Blenders and Distillers IPO Performance is being updated frequently as there are updates in the IPO process.
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Allied Blenders and Distillers – Company Review
Allied Blenders and Distillers was originally incorporated as “You and Me Properties Private Limited,” a private limited company in 2008. Later, in July 2009, the company changed its name to Moonlight Blenders and Distillers Private Limited.
In 2010, it was amalgamated with Allied Blenders and Distillers Private Limited, where the entire business undertakings were transferred to form one company.
Allied Blenders and Distillers is an Indian foreign liquor company. It is the third largest Indian-made foreign liquor (IMFL) company.
The company started its journey with its flagship brand Officer’s Choice Whisky, in 1988 and created an all-new premium space in the whiskey segment.
Products or Services
The well-established liquor company Allied Blenders and Distillers has unique products in its products portfolio. The company has built entrusted brands of Whiskey, Brandy, Rum, Vodka, and other Drinks & Snacks.
Allied Blenders and Distillers introduced brands like Officer’s Choice Blue to Indian consumers and a wide range of other alcohol-based drinks, capturing a large portion of the Indian market.
Promoters and Holding
The Promoters of Allied Blenders And Distillers Limited are:
- 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
The management of the company includes:
- Kishore Rajaram Chhabria, in the position of Whole-Time Director (Chairman)
- Bina Kishore Chhabria, in the position of Non-Executive Director and Co-Chairperson
- Resham Chhabria Jeetendra Hemdev, in the position of Whole-Time Director (Vice Chairperson)
- Shekhar Ramamurthy, in the position of Whole-Time Director (Executive Deputy Chairman)
- Maneck Navel Mulla, in the position of Non-Independent, Non-Executive Director
- Nasser Mukhtar Munjee, in the position of Independent Director
- Balaji Viswanathan Swaminathan, in the position of Independent Director
- Rukhshana Jina Mistry, in the position of Independent Director
- Vivek Anilchand Sett, in the position of Independent Director
- Paul Henry Skipworth, in the position of Independent Director
- Ritesh Ramniklal Shah, in the position of Company Secretary and Compliance Officer
- Ramakrishnan Ramaswamy, in the position of Chief Financial Officer
- Bikram Basu, in the position of Vice President – Marketing & Strategy
Is Allied Blenders and Distillers good for Investment?
Allied Blenders And Distillers Limited is the Indian spirits manufacturer and the creator of Officer’s Choice whisky. The company has earned high strong hold on the Indian Market with its premium range of whisky, rum, vodka, etc.
The products of the company are widely known and consumed. It started with its brand Officer’s Choice, which holds the position as a flagship even after all these decades. Alongside, it made some additions to enrich its product portfolio with brands like Jolly Roger in 2010 and Officer’s Choice Blue in 2011.
Allied Blenders and Distillers Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 24,601.94 | 22,985.68 | 24,003.65 | 26,315.92 |
| Revenue | 54,525.73 | 63,978.12 | 81,356.12 | 89,468.57 |
| Expense | 52,939.71 | 61,848.16 | 78,855.69 | 86,298.88 |
| Profit After Tax | 33.02 | 25.08 | 127.93 | 152.01 |
Allied Blenders and Distillers financial statements lays a positive reports of the operations of the company. They have reported positive profits over the years.
The total revenues of Allied Blenders and Distillers might be slightly slowly down. In the years 2021, 2020, 2019 the total income of the company was Rs. 63,978.12 million, Rs. 81,356.12 million, and Rs. 89,468.57 million, respectively.
The profits of the company for 2021, 2020, 2019 were – Rs. 25.08 million, Rs. 127.93 million, and Rs. 152.01 million respectively.
For the nine months of the financial 2021-22, the total revenue of the company was Rs. 54,525.73 million and the profits were Rs. 33.02 million.
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 0.14 | 0.11 | 0.54 | 0.65 |
Earning Per Share is the earnings a shareholders receive on its shares of the company. The EPS of ABD as of 31st December 2021 was Rs. 0.14.
Allied Blenders and Distillers IPO Review
Allied Blenders and Distillers IPO consists of both the components of an IPO, i.e., fresh issue and share sale by existing shareholders. The company is expecting to mop funds of Rs. 2,000 crores from the market through the upcoming public issue.
Allied Blenders and Distillers will be raising Rs. 1,000 crores through the issue of 10,000 million fresh equity shares and the remaining Rs. 1,000 crores through the offer for sale of 10,000 million equity shares by the promoters and promoter group.
Allied Blenders and Distillers IPO Details
Here are few more details you need to know before investing in Allied Blenders and Distillers IPO –
Allied Blenders and Distillers IPO Issue Object
The Allied Blenders and Distillers has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company;
and - General corporate purposes
Allied Blenders and Distillers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Among the largest IMFL company in India with a diversified and contemporary product portfolio;
- Strong brand recognition;
- Strategically located, large scale and advanced manufacturing facilities with a sophisticated research and development centre;
- Access to extensive pan-India distribution network with ability to scale; and
- Well-positioned to capture tailwinds in the Indian IMFL industry.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.11 | 0.66 | 15.75 |
| 31-Mar-20 | 0.54 | 3.37 | – |
| Mar-19 | 0.65 | 5.21 | – |
Allied Blenders and Distillers IPO Lead Managers
Here are the list of Lead managers –
- ICICI Securities Limited
- Axis Capital Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Equirus Capital Private Limited
Allied Blenders and Distillers IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli (West), Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: abdl.ipo@linkintime.co.in
Investor grievance e-mail: abdl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Allied Blenders and Distillers IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – Yes Bank Limited, Axis Bank Limited, IndusInd Bank Limited, The South Indian Bank Ltd., State Bank of India, SVC Co-operative Bank Ltd., Saraswat Co-operative Bank Limited, IDFC First Bank (formerly IDFC Bank Limited), DBS Bank India Ltd. (erstwhile Laxmi Vilas Bank), and The Karur Vysya Bank Limited
Allied Blenders and Distillers IPO – Conclusion
The Allied Blenders and Distillers is a well-established entity and has been operating in the beverage segment for a while. It has become one of the largest entities in the market with its premium products and their quality.
The company is now bringing its IPO consisting of fresh shares and existing shares. The share listing will expand the company’s visibility and possibly its products and operations. It will help the company to repay its debts and become debt free.
Investors can consider the investment after thoroughly understanding its growth aspects and its risks.
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Allied Blenders and Distillers IPO Review FAQs
Check out the FAQs on Allied Blenders and Distillers IPO –
What is the Issue Size of Allied Blenders and Distillers IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Allied Blenders and Distillers IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.2 per share.
What is the Allied Blenders and Distillers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Allied Blenders and Distillers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Allied Blenders and Distillers IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Allied Blenders and Distillers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Allied Blenders and Distillers IPO?
Here are the promoters of this IPO -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. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Allied Blenders and Distillers IPO?
They have obtained the GMP of this IPO and it is (Rs.X). Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Allied Blenders and Distillers IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Allied Blenders and Distillers Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 25.08, 2020 is 127.93, 2019 is 152.01. PAT from Dec 2021 is 33.02.
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