Allied Blenders and Distillers Limited IPO
Company Overview
Incorporated in 2008, Allied Blenders and Distillers is a prominent Indian-made foreign liquor (IMFL) company. The company offers a diverse portfolio of products, including whisky, brandy, rum, and vodka. In addition, they market packaged drinking water under the brands Officer's Choice, Officer's Choice Blue, and Sterling Reserve. Product Portfolio
Officer's Choice Whisky
Brandy
Rum
Vodka
Packaged Drinking Water
International Presence
As of December 31, 2023, Allied Blenders and Distillers exported their products to 14 international markets, including regions in the Middle East, North and South America, Africa, Asia, and Europe.
Manufacturing and Bottling Facilities
Distillery: Located in Rangapur, Telangana, the distillery spans 74.95 acres with a built-up area exceeding 25,000 square meters. The facility boasts an in-house distillation capacity of 54.75 million litres of extra neutral alcohol (ENA) annually.
Bottling Units: The company owns and operates nine bottling units across India and fully utilizes the licensed capacity of five third-party bottling facilities.
Objectives of the IPO
The company aims to utilize the net proceeds from the IPO for:
Prepayment or scheduled repayment of a portion of certain outstanding borrowings.
General corporate purposes.
Promoter Holding The promoters of the company include Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer's Choice Spirits Private Limited.
Pre-Issue: 96.21%
Post-Issue: 80.91%
Allied Blenders IPO: Key Information
IPO Dates: 25 to 27 June, 2024
Price Band: ₹267 to ₹281 per share
Lot Size: 53 shares
Total Issue Size: ₹1,500 crores
Retail Quota: 35%
GMP: 15% (For informational purposes only)
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