Allied Blenders and Distillers Limited IPO: Comprehensive Guide and Analysis, GMP & Subscription Status

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Allied Blenders and Distillers Limited IPO Review

Overview

Allied Blenders and Distillers Limited (ABD) is set to launch its Initial Public Offering (IPO) with a combination of a fresh issue and an offer for sale. Established in 2008, ABD is a significant player in the alcoholic beverages industry, primarily known for its flagship brand "Officer's Choice". The IPO will provide investors an opportunity to be part of this established company.

IPO Dates

Event Date
IPO Open Date June 25, 2024
IPO Close Date June 27, 2024
Basis of Allotment June 28, 2024
Initiation of Refunds July 1, 2024
Credit of Shares to Demat July 1, 2024
Listing Date July 2, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 27, 2024

Allied Blenders IPO Details

Particulars Details
Face Value ₹2 per share
Price Band ₹267 to ₹281 per share
Lot Size 53 shares
Total Issue Size 53,380,783 shares 
Fresh Issue 35,587,189 shares 
Offer for Sale 17,793,594 shares 
Employee Discount ₹26 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

GMP (Grey Market Premium) Live Rates

Date GMP
Today ₹55
27 June ₹75
26 June ₹85
25 June ₹80
24 June ₹75
23 June ₹50
21 June ₹50
20 June ₹50

Company Background

Allied Blenders and Distillers Limited, headquartered in Mumbai, Maharashtra, is renowned for its production and distribution of alcoholic beverages. The company's flagship brand, "Officer's Choice", is one of the leading brands in India. The promoters of the company include Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, and entities like Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer’s Choice Spirits Private Limited.

Allied Blenders Financial Highlights

The company's financial health is pivotal for potential investors. Below is a summary of the restated consolidated financial statements for ABD for the period ended December 31, 2023, and the financial years ended March 31, 2023, 2022, and 2021:

Particulars December 31, 2023 March 31, 2023 March 31, 2022 March 31, 2021
Assets  2,741.39 2,487.70 2,248.35 2,298.57
Revenue  5,914.98 7,116.75 7,208.17 6,397.81
Profit After Tax  4.23 1.60 1.48 2.51
Net Worth  409.26 406.10 404.10 381.78
Reserves and Surplus 360.43 357.28 356.99 327.85
Total Borrowing  798.11 780.82 846.91 954.74

Allied Blenders IPO Lot Size and Investment

Investors can bid for a minimum of 53 shares and in multiples thereof. The minimum and maximum investment by retail investors and HNIs are as follows:

Application Lots Shares Amount
Retail (Min) 1 53 ₹14,893
Retail (Max) 13 689 ₹193,609
S-HNI (Min) 14 742 ₹208,502
S-HNI (Max) 67 3,551 ₹997,831
B-HNI (Min) 68 3,604 ₹1,012,724

Key Strengths

  1. Established Brand: ABD's flagship brand "Officer's Choice" is highly recognized in the market.
  2. Strong Distribution Network: Extensive distribution channels across India.
  3. Experienced Management: The promoters and management team have extensive industry experience.
  4. Financial Resilience: Consistent revenue generation and profitability.

Risks and Concerns

  1. Market Competition: The alcoholic beverages industry is highly competitive.
  2. Regulatory Risks: Changes in regulations can impact operations and profitability.
  3. Economic Factors: Economic downturns can affect consumer spending on alcoholic beverages.

Use of IPO Proceeds

The funds raised through the IPO will primarily be used for:

  1. Debt Repayment: Reducing the company's debt burden.
  2. Business Expansion: Financing growth and expansion plans.
  3. General Corporate Purposes: Supporting overall business operations and strategic initiatives.

Allied Blenders IPO Subscription Stats

QIB: 53.01 times
NII: 34.09
Retail: 4.73
Employe: 10.44
Total: 24.85


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Conclusion

Allied Blenders and Distillers Limited's IPO presents a compelling investment opportunity for those looking to invest in a well-established company in the alcoholic beverages industry. The company's strong brand presence, extensive distribution network, and experienced management team are key strengths. However, investors must consider the associated risks and the company's financial health. The IPO's success will depend on market conditions and investor sentiment during the subscription period.

Subscription Recommendation

Given the current GMP rates and the company's potential, investors are advised to:

  • Evaluate Financial Metrics: Analyze the company's financial statements and growth prospects.
  • Consider Risk Factors: Assess market risks, competition, and economic conditions.
  • Stay Informed: Monitor daily subscription rates and market news related to the IPO.

Investing in Allied Blenders and Distillers Limited's IPO could be a valuable addition to a diversified investment portfolio, particularly for those with an interest in the alcoholic beverages sector.

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