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Established in 2008, Allied Blenders And Distillers Limited is India’s largest Indian owned liquor company and the third largest overall in India between 2014 and 2021. Their flagship product, Officer’s Choice Whisky launched in 1988 is very popular and was among the top selling whiskies globally from 2016 to 2019.
The company offers a wide range of products including whisky, brandy, rum and vodka with 10 major brands in its portfolio. Brands such as Officer’s Choice Whisky, Sterling Reserve and Officer’s Choice Blue have achieved success each selling over a million 9litre cases annually. They have focused on building strong brand recognition and reputation over the years.
Allied Blenders IPO Overview
Allied Blenders is planning to raise ₹1,500.00 crores through IPO. The IPO comprises a fresh issue of ₹1,000.00 cr and an OFS of ₹500.00 cr. The IPO will be open for subscription from June 25 to June 27, 2024 with a price band set between ₹267 and ₹281 per share. Share allotment is expected to be completed by June 28, 2024 and the shares are scheduled to be listed on NSE and BSE by July 2, 2024.
Currently, promoters own 96.21% of the company. After the IPO, their ownership will decrease to 80.91%. Link Intime India Private is managing the registration process for Allied Blenders IPO.
Allied Blenders IPO GMP
As of June 23, Allied Blenders IPO has a Grey Market Premium of ₹74. With the upper price band set at ₹281, the estimated listing price is ₹355 (Upper price band + today’s GMP). Indicating a gain of 26.33% per share.
Stay tuned with Trade Target for daily updates on Allied Blenders IPO GMP and the expected listing price.
- Date: 26– June – 2024
- Allied Blenders GMP: ₹77 (27.7%)
- Date: 25– June – 2024
- Allied Blenders GMP: ₹87 (30.96%)
- Date: 24– June – 2024
- Allied Blenders GMP: ₹82 (29.18%)
- Date: 23– June – 2024
- Allied Blenders GMP: ₹74 (26.33%)
How can one apply for Allied Blenders IPO?
For retail investors minimum investment starts with 1 lot including 53 shares at a cost of ₹14,893.
For sHNIs minimum investment in Allied Blenders’s IPO is set at 14 lots which includes 742 shares and costs ₹208,502.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 53 | ₹14,893 |
Retail (Max) | 13 | 689 | ₹193,609 |
S-HNI (Min) | 14 | 742 | ₹208,502 |
S-HNI (Max) | 67 | 3,551 | ₹997,831 |
B-HNI (Min) | 68 | 3,604 | ₹1,012,724 |
Allied Blenders IPO Financial
The company’s PAT stood at ₹2.51 billion for the year ended March 31, 2021 which decreased to ₹1.48 billion for the year ended March 31, 2022. For the year ended March 31, 2023, Allied Blenders PAT increased to ₹1.60 billion. These figures indicate the company’s financial performance over the specified periods reflecting fluctuations in profitability.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
Assets in (₹ Crores) | 2,487.70 | 2,248.35 | 2,298.57 |
Revenue (₹ Crores) | 7,116.75 | 7,208.17 | 6,397.81 |
PAT (₹ crores) | 1.60 | 1.48 | 2.51 |
Total Borrowing (₹ crores) | 780.82 | 846.91 | 954.74 |
Allied Blenders Vs Peers
Allied Blenders has very low EPS in comparison to its peers. While its listed peers Globus Spirits Ltd has the highest EPS of 42.43 which is good, A higher EPS is better.
| Company | EPS Basic | P/E(x) |
|---|---|---|
Allied Blenders Limited | 0.07 | - |
United Spirits Ltd. | 16.01 | 73.16 |
Radico Khaitan Ltd. | 16.48 | 95.87 |
Globus Spirits Ltd. | 42.43 | 17.26 |
Allied Blenders IPO Quota allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Expected Listing Date for Allied Blenders IPO
- Subscription Period: 25 June to 27 June
- Basis of Allotment Finalization: 1 July 2024
- Initiation of Refunds: 1 July 2024
- Demat Credits: 1 July 2024
- Listing Date: 2 July 2024
- Listing on: NSE, BSE
