Allied Blenders & Distillers IPO
The initial public offering (IPO) of Allied Blenders & Distillers will open for subscription on June 25 and close on June 27, comprising fresh issues and an Offer for Sale (OFS) of Rs.1,500 crore. An investor can apply for the issue for a minimum of 53 shares and the listing will happen on July 02, 2024
About Allied Blenders & Distillers Company
Allied Blenders & Distillers (2008) is the 3rd largest Indian-owned Indian-made foreign liquor. The Company engaged in this business since 1988 starting with the mass premium segment “Officer’s Choice whisky”. The company products have received various recognitions over the years. The company has in-house distillation located at Rangapur, Telangangna, and also exports its products to the international market.
Company popular brands:
- Officer’s Choice whisky
- Startling Rerseve whisky
- Officer’s Choice Blue whisky
Allied Blenders & Distillers IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Prepayment or repayment of certain outstanding borrowing
- General corporate purposes
Allied Blenders & Distillers Strength
- Among the largest IMFL companies in India with a diversified product portfolio
- Strong brand recognition
- Strategically located, large-scale, advanced manufacturing facilities
- Access to an extensive pan-India distribution network
- Experienced promoters and management team
Allied Blenders & Distillers Risk Factor
- It highly depends on the sale of whisky products
- Inability to maintain or enhance the popularity of brands
- Depend on sale of products in certain key states in India
- Unable to increase the selling price of products
Allied Blenders & Distillers IPO Review & Rating
| Issue Size | Rs.1500 Crore |
| Issue Price | Rs.267-281 per share |
| Minimum Lot Size | 53 Shares |
| Total Profit (Latest) | Rs.4.32 Crore |
| ROE | 1.03% |
| RONW (%) | 24.35% |
| Listing on | NSE BSE |
| IPO Deliver Rating | Three |
Allied Blenders & Distillers IPO Dates, Price Band & Details
Durlax Top Surface IPO will open on June 25, 2024, and close on June 27, 2024. The IPO is to be listed on July 02, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.1,500 Crore |
| Price Brand | Rs.267-281 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | June 25, 2024 |
| IPO Close Date | June 27, 2024 |
| IPO Allotment Date | June 28, 2024 |
| Refund Date | July 01, 2024 |
| Share Credit Date | July 01, 2024 |
| Listing Date | July 02, 2024 |
Allied Blenders & Distillers IPO Offer
Durlax Top Surface IPO’s total issue size is 53,380,783 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 35,587,189 | 1,000 |
| Offer for Sale (OFS) | 17,793,594 | 500 |
Allied Blenders & Distillers Financials Review (Cr.)
The following table sets forth the summary of financial information of the company for the financial year ending Dec 31, 2023, March 2023, and March 2022.
| Category (Rs.) | Dec 31, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 5,914.98 | 7,116.75 | 7,208.17 |
| Net Worth | 409.26 | 406.10 | 404.10 |
| Profit | 4.23 | 1.60 | 1.48 |
| Borrowings | 798.11 | 780.82 | 846.91 |
Allied Blenders & Distillers IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| United Spirits | 5.41 | 8.92 | 55.86 |
| Radico Khaitan | 50 | 24.48 | 134.23 |
Allied Blenders & Distillers Company Promoters
As per the DRHP and RHP, the company has seven promoters.
| Serial No. | Name |
| 01. | Kishore Rajaram Chhabria |
| 02. | Bina Kishore Chhabria |
| 03. | Resham Chhabria Jeetendra Hemdev |
| 04. | Bina Chhabria Enterprises Private Limited |
| 05. | BKC Enterprises Private Limited |
| 06. | Oriental Radios Private Limited |
| 07. | Officer’s Choice Spirits Private Limited |
Allied Blenders & Distillers Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 96.21 |
| Post- Issue | 80..91 |
Allied Blenders & Distillers IPO Reservation
Allied Blenders & Distillers IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | Not more than 50% of the issue size |
| RII Share Offered | Not less than 35% of the issue size |
| NII Share Offered | Not less than 15% of the issue size |
Allied Blenders & Distillers IPO – Market Lot Size
An investor can apply for a minimum of 53 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 53 | 14,893 |
| Retail (Max.) | 13 | 689 | 1,93,609 |
| HNI (Min.) | 14 | 742 | 2,08,502 |
Allied Blenders & Distillers IPO – Prospectus
An investor can download/view the Allied Blenders & Distillers prospectus copy, which was filed by the company to SEBI, details are as follows.
| Allied Blenders & Distillers IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Allied Blenders & Distillers IPO Registrar
Link Intime India Private Limited
Tel No.: +91-22 49186200
E-Mail: abdl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Allied Blenders & Distillers IPO lead manager
#1. Axis Capital Limited
#2. JM Finance Limited
#3. Kotak Mahindra Capital Company Limited
#4. Equirus Capital Private Limited
Allied Blenders & Distillers IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Allied Blenders & Distillers IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Allied Blenders & Distillers Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Allied Blenders & Distillers Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Allied Blenders & Distillers Company Details
Allied Blenders & Distillers Limited
Registered Office: 394-C, Lamington Chambers, Lamington Road, Mumbai – 400004
Tel. No: +91-224300 1111
Email: complianceofficer@abdindia.com
Website: www.abdindiacom
Investor Grievances/Compliance Officer: Mr. Ritesh Ramnikal Shah
Allied Blenders & Distillers Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | ABD Dwelling Private Limite |
| 02. | Madanlal Estate Private Limited |
Allied Blenders & Distillers Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Kishore Rajaram Chhabria |
| 02. | Resham Chhabria |
Allied Blenders & Distillers IPO – Frequently Asked Questions (FAQ’s)
| #1. What is an Allied Blenders & Distillers IPO?
Allied Blenders & Distillers brings its IPO of Rs. 1500 Crore, on June 25, 2024, with a price band of Rs.267-281 per share. |
| #2. What is the Allied Blenders & Distillers IPO Open date?
Allied Blenders & Distillers IPO’s opening date is June 25, 2024. |
| #3. What is the Allied Blenders & Distillers IPO Close Date?
Allied Blenders & Distillers IPO’s closing date is June 27, 2024. |
| #4. What is the Allied Blenders & Distillers IPO Listing date?
Allied Blenders & Distillers’s IPO listing date is July 02, 2024. |
| #5. What is the Allied Blenders & Distillers IPO Minimum investment amount?
Allied Blenders & Distillers IPO’s minimum investment amount is Rs. 14,893. |
| #6. What is the Allied Blenders & Distillers IPO offer issue Size?
Allied Blenders & Distillers offers an issue size of Rs. 1500 Crore. |
| #7. What is the Allied Blenders & Distillers IPO Price Band?
Allied Blenders & Distillers’s IPO price band is Rs.267-281 per share. |
| #8. Is Allied Blenders & Distillers IPO mainboard IPO or SME IPO?
Allied Blenders & Distillers IPO is a Mainboard IPO. |
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