Allied Blenders and Distillers IPO Details, Financials, Valuation & Peers

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Get everything you need to know about the Allied Blenders and Distillers IPO. Explore Allied Blenders and Distillers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
25 Jun - 27 Jun 2024
Price Range
₹ 267 – 281
Issue Size
₹ 1500 crore
Listed Price
₹32013.88%

Overview

Allied Blenders and Distillers Limited (ABD) is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third-largest IMFL company in India based on annual sales volumes from Fiscal 2014 to Fiscal 2022. ABD is one of the few spirits companies in India with a pan-India sales and distribution network and a leading exporter of IMFL, boasting an estimated 11.8% market share in the Indian whisky market for Fiscal 2023.

Key Points:

  • Flagship Brand: Officer’s Choice Whisky launched in 1988, it has been a top-selling whisky globally in terms of annual sales volumes between 2016 and 2019.
  • Product Portfolio:
    • Diverse Range: As of August 31, 2023, the product portfolio includes 17 major IMFL brands across whisky, brandy, rum, vodka, and gin.
    • Millionaire Brands: Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky have each sold over a million 9-litre cases in a year.
  • Market Presence:
    • Market Share: Held an 8.2% market share in the IMFL market by sales volumes in Fiscal 2023.
    • Retail Outlets: Products were retailed across 79,329 outlets in India as of March 31, 2023.
    • International Markets: Exporting to 22 international markets, including regions in the Middle East, North and South America, Africa, Asia, and Europe.
  • Manufacturing:
    • Distillery: Operates a distillery in Rangapur, Telangana, with a distillation capacity of 54.75 million litres per year.
    • Bottling Facilities: Utilizes 32 bottling facilities, including nine owned and operated units and 23 third-party facilities.
    • Quality Control: Implements strict quality control measures and supports third-party bottlers by facilitating procurement of raw materials and packaging.

IPO Docs

Objects of the Issue

  • Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
  • General corporate purposes

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates25 Jun - 27 Jun 2024
IPO Price Band₹ 267 – 281 per share
Fresh Issue₹ 1000 crore
Offer For Sale₹ 500 crore
Total IPO Size₹ 1500 crore
Face Value₹ 2
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date25 Jun 2024
IPO Closing Date27 Jun 2024
Basis Of Allotment28 Jun 2024
Refunds01 Jul 2024
Demat Transfer01 Jul 2024
IPO Listing Date02 Jul 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
Total Income6,397.817,208.177,116.755,914.98
Total Expenses6,184.827,000.616,920.695,728.78
Net Profit/Loss2.511.481.604.23
NPM (*)0.110.050.050.17
Total Assets2,298.572,248.352,487.702,741.39
Total Liabilities1,916.791,844.252,081.602,332.13

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
EPS0.100.060.070.17
ROE (%)0.660.370.391.03
ROCE (%)26.4525.1325.8724.35
D/E Ratio2.392.051.851.88
Current Ratio0.840.890.940.98
EBITDA MARGIN (%)9.077.736.237.27

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Allied Blenders and Distillers Limited7,105.74,014.290.070.3916.64
United Spirits Limited27,815.468.5916.0118.7682.48
Radico Khaitan Limited12,743.9100.5116.489.98165.13
Globus Spirits Limited2,822.520.8542.3913.78307.83

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)53.01
Non-Institutional Investor (NII/HNI)34.09
Retail Individual Investor (RII)4.73
Total24.85

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/

Company Promoters

  • KISHORE RAJARAM CHHABRIA
  • BINA KISHORE CHHABRIA
  • RESHAM CHHABRIA JEETENDRA HEMDEV
  • BINA CHHABRIA ENTERPRISES PRIVATE LIMITED
  • BKC ENTERPRISES PRIVATE LIMITED
  • ORIENTAL RADIOS PRIVATE LIMITED
  • OFFICER’S CHOICE SPIRITS PRIVATE LIMITED

Lead Managers

  • ICICI Securities Limited
  • Axis Capital Limited
  • JM Financial Limited
  • Kotak Mahindra Capital Company Limited
  • Equirus Capital Private Limited

Company Address

Allied Blenders and Distillers Limited

394-C Lamington Chambers, Lamington Road, Mumbai– 400 004, Maharashtra, India

Phone: +91 22 43001111
Email: Complianceofficer@abdindia.com
Website: www.abdindia.com

FAQs

  • What is the issue size of the Allied Blenders and Distillers IPO?
    The Allied Blenders and Distillers IPO has an issue size of ₹ 1500 crore. This includes a fresh issue of ₹ 1000 crore and an offer for sale (OFS) of ₹ 500 crore.
  • What is the price band of the Allied Blenders and Distillers IPO?
    The price band for the Allied Blenders and Distillers IPO is ₹ 267 – 281 per share.
  • What are the bidding dates for the Allied Blenders and Distillers IPO?
    The Allied Blenders and Distillers IPO will open for bidding on 25 Jun 2024 and close on 27 Jun 2024.
  • What is the allotment date for the Allied Blenders and Distillers IPO?
    The allotment date for the Allied Blenders and Distillers IPO is 28 Jun 2024.
  • What is the listing date for the Allied Blenders and Distillers IPO?
    The listing date for the Allied Blenders and Distillers IPO is 02 Jul 2024.
  • What is the Allied Blenders and Distillers IPO grey market premium?
    The grey market premium (GMP) for the Allied Blenders and Distillers IPO is currently at ₹59, with an expected listing gain of approximately 21%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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