Allied Blenders & Distillers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹281
Per ShareLot Size
53 Shares
Minimum Investment
₹14,893
Issue Size
₹1,500 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Allied Blenders & Distillers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Issue Type
Book Building
ISIN
INE552Z01027
About the Company
Allied Blenders & Distillers Limited is an Indian-owned Indian-made foreign liquor ("IMFL") company and as on the date of this Red Herring Prospectus, its product range includes five main categories of IMFL, i.e., whisky, brandy, rum, vodka and gin. The Company derives almost all of its revenue from contracts with customer - Sale of goods (IMFL) from the sale of its whisky products.
Industry Overview
India is primarily a distilled alcohol market with more than 92.0% of recorded pure alcohol consumption in form of distilled spirits. India is one of the fastest growing alcoholic beverage markets in the world growing from a small base of 1.3 litres per capita of recorded consumption of pure alcohol in 2005 to 2.7 litres per capita consumption in 2010 and further to estimated 3.12 litres per capita consumption in 2023.
Company History
Allied Blenders and Distillers Private Limited was incorporated as `You and Me Properties Private Limited', pursuant to a certificate of incorporation dated October 8, 2008, issued by the RoC. The name of the Company was changed to `Moonlight Blenders and Distillers Private Limited', and a fresh certificate of incorporation dated July 22, 2009 was issued by the RoC. Pursuant to a scheme of amalgamation between Allied Blenders and Distillers Private Limited, its Own Properties Private Limited and the Company, the erstwhile name of which was Moonlight Blenders and Distillers Private Limited, dated April 1, 2009, and an order of the Bombay High Court dated February 5, 2010, the entire business undertakings of Allied Blenders and Distillers Private Limited and its Own Properties Private Limited were transferred to the Company the erstwhile name of which was Moonlight Blenders and Distillers Private Limited. Consequently, the name of the Company was changed to `Allied Blenders and Distillers Private Limited', and a fresh certificate of incorporation dated April 30, 2010, was issued by the RoC. Subsequently, pursuant to a resolution of our Board dated June 2, 2022 and a resolution of its Shareholders dated June 4, 2022, the Company was converted from a private company to a public company and consequently, the name was changed from `Allied Blenders and Distillers Private Limited' to `Allied Blenders and Distillers Limited', and a fresh certificate of incorporation under the Companies Act, 2013 was issued upon a change in name by the RoC on June 8, 2022.
Products & Services
- Allied Blenders & Distillers Limited is an Indian-owned Indian-made foreign liquor ("IMFL").
Growth Strategy
- Increase market share of Officer's Choice Whisky across regions.
- Introduce new products within the premium, semi-premium and deluxe segments to strengthen presence in other categories.
- Continue to focus on improving operating efficiencies.
- Evaluate growth opportunities through selective acquisitions.
- Focus on environmental and social practices.
- Enhance brand awareness and engagement through digital marketing.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 5,33,90,079 equity shares of face value of Rs. 2 each of the company for cash at a price of Rs. 281 per equity share (including a share premium of Rs. 279 per equity share) ("Offer Price") aggregating up to Rs. 1500.00 crores ("Offer"). The offer comprises a fresh issue of up to 3,55,96,486 equity shares of face value of Rs. 2 each by the company aggregating up to Rs. 1000.00 crores ("Fresh Issue") and an offer for sale of up to 1,77,93,593 equity shares of face value of Rs. 2 each ("Offered Shares") aggregating up to Rs. 500.00 crores comprising of [*] equity shares of face value of Rs. 2 each by Bina Kishore Chhabria aggregating up to Rs. 375.00 crores and 4,448,398 equity shares of face value of Rs. 2 each by Resham Chhabria Jeetendra Hemdev aggregating up to Rs. 125.00 crores (the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer includes a reservation of up to 1,00,488 equity shares of face value of Rs. 2 each aggregating up to Rs. 2.56 crores (constituting up to 0.04% of the post-offer paid-up equity share capital), for subscription by eligible employee(s) (the "Employee Reservation Portion"). The company, in consultation with the book running lead managers ("brlms"), may offer a discount of up to Rs. 26 to the offer price to eligible employee(s) bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals, as may be required. The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 19.09% and 19.05%, respectively, of the post-offer paid-up equity share capital of the company. Issue Price is Rs. 281 per equity share of face value of Rs. 2 each. The Offer price is 140.50 times of the face value of the equity shares. A discount of Rs. 26 per equity share is being offred to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Among the largest IMFL companies in India with a diversified and contemporary product portfolio.
- Strong brand recognition.
- Strategically located, large scale and advanced manufacturing facilities with a sophisticated research and development centre.
- Access to extensive pan-India distribution network with ability to scaleAccess to extensive pan-India distribution network with ability to scale.
- Well-positioned to capture tailwinds in the Indian IMFL industry.
- The company is substantially dependent on the sales of its whisky products which generated 97.58%, 96.90%, and 95.38% its revenue from operations in Fiscal 2021, 2022 and 2023 and 95.76% and 94.33%, respectively, of its revenue from operations for the nine months ended December 31, 2022 and December 31, 2023. Any reduction in sales of these products could have a material adverse effect on its business, financial condition, results of operations and prospects.
- The company has experienced volatile fluctuations in its profit after tax for the year/period and PAT Margin in the past. There is no guarantee that these will improve in the future and the Company will be able to generate higher returns.
- The company is significantly dependent on the sale of its whisky products under the Officer's Choice brand which constituted 83.76%, 82.29%,75.85%, 76.78% and 73.02% of its total sales volume in Fiscal, 2021, 2022 and 2023 and nine months ended December 31, 2022 and December 31, 2023. An inability to maintain or enhance the popularity of its Officer's Choice brand may adversely impact the company's business prospects and financial performance.
- Increasing competition in the IMFL industry may create certain pressures that may adversely affect its business, prospects, results of operations, cash flows and financial condition.
- Any past or current actions taken by the Central Consumer Protection Authority or any other statutory or regulatory bodies, may impact its operations and financials of the Company.