Allied Blenders IPO: Key Details and Overview

June 25th, 2024 IPO

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)

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 2,741.39 2,487.70 2,248.35 2,298.57
Revenue 5,914.98 7,116.75 7,208.17 6,397.81
Profit After Tax 4.23 1.60 1.48 2.51
Net Worth 409.26 406.10 404.10 381.78
Reserves and Surplus 360.43 357.28 356.99 327.85
Total Borrowing 798.11 780.82 846.91 954.74


📈 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.

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