The Allied Blenders IPO is generating significant interest among investors. Set to hit the market on June 24, 2024, and closing on June 26, 2024, this IPO aims to raise Rs. 1500 crores. With a mix of fresh issues worth Rs. 1000 crores and an offer for sale up to Rs. 500 crores, the Allied Blenders IPO is set to attract retail and institutional investors.
The Allied Blenders IPO Details are crucial for potential investors. Here is a comprehensive look:
| Detail | Information |
|---|---|
| IPO Open | June 25, 2024 |
| IPO Close | June 27, 2024 |
| IPO Size | Rs. 1500 Crores |
| Fresh Issue | Rs. 1000 Crores |
| Offer for Sale | Rs. 500 Crores |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹267 to ₹281 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | Not less than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not less than 15% |
Checkout the List of Upcoming IPO.
Allied Blenders and Distillers Limited is the largest Indian-owned, Indian-made foreign liquor (IMFL) company and the third-largest IMFL company in India, based on annual sales volumes between Fiscal 2014 and Fiscal 2022. The company has a significant presence in the Indian whisky market, with an estimated market share of 11.8% for Fiscal 2023.
Their flagship brand, Officer’s Choice Whisky, launched in 1988, has been one of the top-selling whisky brands globally in terms of annual sales volumes between 2016 and 2019. Allied Blenders has a diverse product portfolio with 17 major brands across whisky, brandy, rum, and vodka. Notable brands include Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky, considered 'Millionaire Brands' for selling over a million 9-litre cases in one year.
The company's business model is robust, with a pan-India sales and distribution footprint, making it a leading exporter of IMFL. Their product offerings cater to various segments, ensuring a wide customer base and market reach.
Understanding the financial health of Allied Blenders and Distillers is crucial for investors. Here are the key financial highlights:
| Year | Revenue (Crores) | Expense (Crores) | PAT (Crores) |
|---|---|---|---|
| 2021 | Rs. 6398 Crores | Rs. 6185 Crores | Rs. 2.51 Crores |
| 2022 | Rs. 7208 Crores | Rs. 7001 Crores | Rs. 1.48 Crores |
| 2023 | Rs. 7117 Crores | Rs. 6921 Crores | Rs. 1.60 Crores |
| Dec 2023 | Rs. 5915 Crores | Rs. 5729 Crores | Rs. 4.23 Crores |
Allied Blenders and Distillers have shown a consistent revenue stream with a significant increase in profit after tax (PAT) in December 2023, indicating a positive financial trajectory.
Assessing the strengths and weaknesses of Allied Blenders and Distillers provides a clearer picture of the company's potential.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Largest Indian-owned IMFL company | Dependent on a few key brands for major sales | ||
| Strong pan-India distribution network | Fluctuations in raw material prices | ||
| Diverse product portfolio | Regulatory challenges in different states | ||
| High brand recognition | Limited geographical presence outside India | ||
| Consistent revenue growth | Vulnerability to economic downturns affecting discretionary spending | ||
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The price band for the Allied Blenders IPO is set between Rs. 267 to Rs. 281 per share.
The Allied Blenders IPO Size is Rs. 1500 crores, with a fresh issue of Rs. 1000 crores and an offer for sale up to Rs. 500 crores.
The minimum lot size for the Allied Blenders IPO is 53 shares.
The minimum investment required for the Allied Blenders IPO is Rs. 14,893 for one lot of 53 shares.
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