Introduction

Allied Blenders and Distillers Limited, an Indian-made foreign liquor company, is set to launch its IPO to raise ₹1,500 crore. The issue consists of a fresh issue of 3.56 crore shares aggregating to ₹1,000 crore and an offer for sale (OFS) of 1.78 crore shares aggregating to ₹500 crore.

🗓️ IPO Schedule

• Opens: June 25, 2024
• Closes: June 27, 2024
• Basis of Allotment: June 28, 2024
• Listing Date: July 2, 2024
• Price Band: ₹267 to ₹281 per share
• Lot Size: 53 Shares

📊 Issue Breakdown

• Total Issue Size: ₹1,500 crore
• Fresh Issue: ₹1,000 crore
• Offer for Sale: ₹500 crore

Promoter Holding

• Pre Issue: 96.21%
• Post Issue: 80.91%

Company Overview

Founded in 2008, Allied Blenders and Distillers offers a range of Indian-made foreign liquor categories including whisky, brandy, rum, and vodka. The company is known for its popular brand, Officer's Choice Whisky, one of the best-selling whisky brands globally in terms of annual sales volumes from 2016 to 2019.

🌐 Key Features

• Distillery: Rangapur, Telangana, spanning over 74.95 acres with an annual distillation capacity of 54.75 million litres.
• Bottling Units: Nine owned and operated units and five third-party facilities across India.
• Retail Presence: Products sold in 79,329 retail outlets across 30 states and union territories as of March 31, 2023.
• International Reach: Exporting to 14 international markets including the Middle East, North and South America, Africa, Asia, and Europe.

💹 Financial Performance

Key Financial Metrics (₹ in Crore)

📈 Key Performance Indicators (KPI)

• Market Capitalization: ₹7,859.59 crore
• ROE: 1.03%
• ROCE: 24.35%
• Debt/Equity: 1.88
• RoNW: 1.03%
• P/BV: 16.77
• PAT Margin: 0.17%
• Pre IPO EPS: ₹0.07
• Post IPO EPS: ₹0.2
• Pre IPO P/E: 4284.57
• Post IPO P/E: 1393.87

🏢 Book Running Lead Managers

• ICICI Securities Limited
• Nuvama Wealth Management Limited
• Iti Capital Ltd

📋 Registrar

• Link Intime India Private Ltd

Objects of the Issue

The net proceeds from the fresh issue will be utilized for:

• Prepayment or scheduled repayment of a portion of certain outstanding borrowings.
• General corporate purposes.