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Allied Blenders and Distillers Limited is coming out with a public issue to raise Rs 1500 crores from the market.

Below are the details of the Allied Blenders and Distillers Limited IPO:

• Issue opens – June 25 (Tuesday)
• Issue closes – June 27 (Thursday)
• Issue size – Rs. 1500 crores
• Price band – Rs. 267 to 281 per equity share
• Bid lot – 53 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

• Allied Blenders and Distillers Limited are the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022. (Source: Technopak Report) They are one of the only four spirits companies in India with a pan-India sales and distribution footprint, and a leading exporter of IMFL, and had an estimated market share (in terms of sales volume) of 11.8% in the Indian whisky market for Fiscal 2023.
  
• Their flagship brand, Officer’s Choice Whisky was launched in 1988 with their entry into the mass premium whisky segment. Officer’s Choice Whisky has been among the top selling whisky brands globally in terms of annual sales volumes between 2016 and 2019. (Source: Technopak Report) Over the years, they have expanded and introduced products across various categories and segments. As of December 31, 2023, their product portfolio comprised 16 major brands of IMFL across whisky, brandy, rum and vodka. Certain of their brands, such as, Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue and ICONiQ Whisky, are ‘Millionaire Brands’ or brands that have sold over a million 9-litre cases in one year. (Source: Technopak Report). As on the date of this Red Herring Prospectus, their product range includes five main categories of IMFL, i.e., whisky, brandy, rum, vodka and gin. They also sell packaged drinking water under their Officer’s Choice, Officer’s Choice Blue and Sterling Reserve brands.
  
• They have over the years established market leadership in the alcoholic beverages market in India with a market share of 8.2% in IMFL market by sales volumes in Fiscal 2023 (Source: Technopak Report), with sales across 30 States and Union Territories, as of December 31, 2023. Over the years, they have developed an extensive pan-India sales footprint and as of December 31, 2023 they have 12 sales support offices, and pan-India route-to-market capabilities covering all channels and alcohol permitted States and Union Territories. Their pan-India distribution network has enabled them to support the growth in annual sales volumes of their products. As of March 31, 2023, their products were retailed across 79,329 retail outlets across 30 States and Union Territories in India (Source: Technopak Report). In addition, as of December 31, 2023, they exported their products to 14 international markets, including countries in the Middle East, North America, Africa, Asia and Europe.

Issue Size:Rs.1500 Crores

Employee Reservation: Up to Rs. 3 crores

Employee Discount: Rs. 26 per share

Issue Break-up:

QIB – 50 % of the offer – Rs. 748.50 Cr.
NIB – 15 % of the offer – Rs. 224.55 Cr.
RET – 35 % of the offer – Rs. 523.95 Cr.

Listing:BSE & NSE

Registrar: Link Intime India Private Limited

UPI:All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode.

Note:

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ? 5,00,000) shall expire at 5:00 PM on the closing day of the FPO i.e., Thursday, June 27th, 2024.

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