Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Review –
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) is set to open from 25th June 2024 to 27th June 2024. This article will analyze the financials , strengths and weaknesses of the Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) . Keep scrolling below to read more!
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Overview –
Established in 2008, Allied Blenders and Distillers Limited is the largest Indian-owned Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve brands.
Company’s flagship brand Officer’s Choice Whisky was launched in 1988 with their entry into the mass premium whisky segment. It is among one of the most-selling whisky brands globally in terms of annual sales volumes from 2016 to 2019.
As of December 31, 2021, the company’s products were exported to 24 international markets, including the Middle East, North and South America, Africa, Asia, and Europe.
The company owns and operates a distillery in Rangapur, Telangana, which is spread over 74.95 acres and has a built-up area of over 25,000 square meters. The company’s in-house distillation capacity of extra neutral alcohol (ENA), the key material used in manufacturing its products, is 54.75 million litres annually. The company also have extensive bottling capabilities across India. As of December 2022, Allied Blenders relied on 30 bottling facilities, including those owned and operated by them, and contract bottling facilities, both exclusive and non-exclusive, for bottling its products.
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Synopsis-
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) is set to be open from 25th June 2024 to 27thJune 2024, offering fresh issue of 3.56 crore shares aggregating to Rs 1000.00 crores and offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores. This NSE,BSE IPO follows a Book Built Issue IPO.
The total issue size of this IPO amounts to Rs. 1500.00 Crores. The company has allocated shares 35% to retail investors, 50% to institutional and 15% to non institutional investors.
| Particulars | Details |
| Opening Date | 25th June 2024 |
| Closing Date | 27st June 2024 |
| Lot Size | 53 Shares |
| Face Value | Rs. 2 |
| IPO Size | Rs. 1500 Cr |
| Fresh Issue | Rs. 1000 Cr |
| IPO Price Range | Rs. 267 – 281 |
| Min. Investment | Rs. 14,893 |
| Offer for Sale (OFS) | Rs. 500 Cr |
| Basis of Allotment | 28th June 2024 |
| Refunds | 01st July 2024 |
| Listing Date | 2nd July 2024 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Book Running Lead Managers –
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- ITI Capital Limited
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Registrar to the offer –
The registrar for the Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) is Link Inktime India Private limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
The Objective Of The Issue –
The company proposes to utilize the Net Proceeds from the IPO towards the achievement of the following objects:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
Key Performance Indicator –
The market capitalization of Allied Blenders and Distillers Limited is Rs 7859.59 Cr.
KPI as of December 31, 2023.
| Earning Per Share (EPS): | ₹0.07 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 0.39% |
| PAT Margin(%) | 0.17 |
| Net Asset Value (NAV): | ₹16.64 per Equity Share |
Financial Status –
Allied Blenders and Distillers Limited’s revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.
| Particulars(in Rs. Crores) | FY 23 | FY 22 | FY 21 |
|---|---|---|---|
| Revenue From Operations | 7105.68 | 7196.92 | 6378.77 |
| EBIDTA | 196.06 | 207.55 | 212.99 |
| PAT | 1.60 | 1.47 | 2.50 |
| Total Assets | 2487.70 | 2248.34 | 2298.56 |
| Total Borrowings | 2081.60 | 1844.25 | 1916.78 |
Evaluation of P/E Ratio
The P/E Ratio of Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) is not available.
Comparative Analysis with Listed Peers
The average P/E Ratio of the industry is N/A.
Peers of Allied Blenders and Distillers Limited –
Allied Blenders and Distillers Limited peer comparison with similar listed entities. (As on March 31, 2023)
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E | RoNW (%) | P/BV | Financial statements |
|---|---|---|---|---|---|---|
| Allied Blenders & Distillers Limited | 0.07 | 16.64 | 0.39 | 17.73 | Consolidated | |
| United Spirits Limited | 16.01 | 82.48 | 73.16 | 18.76 | 14.20 | Consolidated |
| Radico Khaitan Limited | 16.48 | 165.13 | 95.87 | 9.98 | 9.57 | Consolidated |
| Globus Spirits Limited | 42.43 | 307.83 | 17.26 | 13.78 | 2.38 | Consolidated |
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Strengths –
- Company has a strong brand recognition in Indian market.
- The company offers a diversified and contemporary product portfolio.
- In-house research and development team for product innovation and quality control.
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) Weakness –
- A reduction in the sale of whisky can adversely affect business performance and financial conditions.
- Changes in customer preferences and failure to maintain the brand’s popularity can impact future performance.
- An inability to increase the selling price can affect its profit margin.
Allied Blenders and Distillers Limited IPO (Allied Blenders IPO) GMP Today –
Allied Blenders and Distillers IPO last GMP is ₹64, last updated June 22nd 2024. With the price band of 281.00, Allied Blenders and Distillers IPO’s estimated listing price is ₹345 (cap price + GMP). The expected percentage gain/loss per share is 22.78%.
Note : The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates, nor do we recommend trading in grey market.
Conclusion –
Hope the details presented in this blog will assist you in learning about the financial performance of the company. Before making an investment in the company’s upcoming initial public offering (IPO), thoroughly research the company, its finances, business prospects, and market trends.
Also, investors should consult their financial advisor, conduct further due diligence, analyze industry trends and the competitive landscape, and consider risk factors before making an investment decision.
For all such latest information on upcoming IPOs, keep visiting our website.
