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TCS, HDFCBANK, SBI Liquid Fund (G)
Allied Blenders And Distillers Ltd.

ABDL

Equity

BSE,NSE

Min. Investment

2,67,000.00

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IPO Details

Bidding Dates

25 Jun 24 - 27 Jun 24

Price Range ₹

267 - 281

Total Equity

1106.34Cr

Lot Size

53

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

4.51×

Qualified Institutional Buyers

50.37×

Employees

9.89×

Retail Investors

4.51×

Total subscription Rate

23.55×

IPO Timeline

Offer start

25 Jun 2024

Offer end

27 Jun 2024

Allotment

27 Jun 2024

Refund initiation

28 Jun 2024

Demat transfer

28 Jun 2024

Listing

02 Jul 2024

About Company

Established in 2008, Allied Blenders and Distillers is an Indian company specializing in Indian-made foreign liquor. The company's product portfolio includes whisky, brandy, rum, and vodka, alongside packaged drinking water sold under brands like Officer's Choice, Officer's Choice Blue, and Sterling Reserve. Officer's Choice Whisky, launched in 1988, marked the company's entry into the mass premium whisky market and has since become one of the world's top-selling whisky brands in terms of annual sales volumes from 2016 to 2019. By December 31, 2021, the company had expanded its product reach to 22 international markets spanning the Middle East, North and South America, Africa, Asia, and Europe. Allied Blenders operates a distillery in Rangapur, Telangana, covering 74.95 acres with a built-up area exceeding 25,000 square meters. The distillery boasts an annual capacity of 54.75 million litres of extra neutral alcohol (ENA), crucial for its product manufacturing. The company utilizes a network of 30 bottling facilities across India, including owned, operated, and contract bottling facilities (both exclusive and non-exclusive), ensuring extensive bottling capabilities as of December 2022.

Year Founded

-

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage96.2180.91
Share Capital234857290226320072

Offer to Public

3,93,71,669.00 Cr

Project Details

  • Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed - 7200cr

Objectives

  • Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
  • andGeneral corporate purposes

Highlights

  • Allied Blenders has a widespread sales network across India, with 12 sales support offices, ensuring robust market coverage.
  • The company’s route-to-market capabilities cover all channels and regions where alcohol is permitted, enhancing distribution efficiency.
  • Allied Blenders exports to 14 international markets, including key regions such as the Middle East, North America, Africa, Asia, and Europe, demonstrating global reach.
  • The company has shown a steady increase in sales, with cases sold in India rising from 25.52 million in 2021 to 32.24 million in 2023.
  • With presence in multiple international markets, Allied Blenders can diversify risk and capitalize on various market opportunities.

Challenges

  • A significant portion of sales is concentrated in India, making the company vulnerable to regional market fluctuations and regulatory changes.
  • The alcohol industry is heavily regulated, and changes in laws and regulations can impact operations and profitability.
  • Maintaining a widespread sales network and export operations may incur high operational costs, impacting margins.
  • The company faces intense competition from both domestic and international alcohol brands, which could affect market share.
  • Sales of alcohol products can be sensitive to economic conditions, with downturns potentially reducing consumer spending on discretionary items like alcohol.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20232,54,414.024,882.27182.89182.890.0749
202123,467.86539.31678.08678.080.2879
20202,43,988.175,393.151,563.821,563.820.6639
202223,001.83471.131,279.551,279.550.5432
20242,69,897.904,882.27182.89182.890.0749
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