Allied Blenders IPO GMP, Price, Date, Allotment
Allied Blenders IPO Description: Allied Blenders and Distillers is the largest Indian-made foreign liquor (IMFL) company. The company product range includes four main categories of Indian-made foreign liquor, i.e., whisky, brandy, rum, and vodka. It also sells packaged drinking water under its Officer’s Choice, Blue, and Sterling Reserve brands.
As of 31 December 2023, the company had a pan-India sales footprint, including 12 regional sales support offices and nearly 79,329 outlets. The company also exported its products to 14 international markets, including countries in the Middle East, North America, Africa, Asia, and Europe.
Allied Blenders and Distillers owns and operates a distillery in Rangapur, Telangana spread over 74.95 acres with 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 the manufacture of the products, is 6 crore liters per year. It also has extensive bottling capabilities across India. As of 31 December 2023, the company relied on 18 bottling facilities, including bottling facilities owned and operated by them and contract bottling facilities both on an exclusive and non-exclusive basis, for bottling the products.
Promoters of Allied Blenders – 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
Table of Contents
Allied Blenders IPO Details
| Allied Blenders IPO Dates | 25 – 27 June 2024 |
| Allied Blenders IPO Price | INR 267 – 281 per share |
| Employee Discount | INR 26 per share |
| Fresh issue | INR 1,000 crore |
| Offer For Sale | INR 500 crore |
| Total IPO size | INR 1,500 crore |
| Minimum bid (lot size) | 53 shares (INR 14,893) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Allied Blenders Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 6,378.78 | 7,196.92 | 7,105.68 | 5,911.14 |
| Expenses | 6,184.82 | 7,000.61 | 6,920.69 | 5,728.78 |
| Net income | 2.51 | 1.48 | 1.60 | 4.23 |
| Margin (%) | 0.04 | 0.02 | 0.02 | 0.07 |
Allied Blenders Offer News
- Allied Blenders RHP
- Allied Blenders DRHP
- Upcoming IPOs in June 2024
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Allied Blenders Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Post-Issue)* | |
| EPS | 0.10 | 0.06 | 0.07 | 0.20 |
| PE Ratio | – | – | 4,073.42 – 4,287.01 | 1,324.11 – 1,393.54 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 0.66 | 0.37 | 0.39 |
| NAV | 15.64 | 16.55 | 16.64 |
| ROCE (%) | 26.45 | 25.13 | 25.87 |
| EBITDA (%) | 9.07 | 7.73 | 6.23 |
| Debt/Equity | 2.39 | 2.05 | 1.85 |
Allied Blenders IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 22 June 2024 | 57 | – | 2,400 |
Allied Blenders IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company – INR 720 crore
- General corporate purposes
Allied Blenders – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Allied Blenders and Distillers | 4,287.01 | 0.07 | 0.39 | 16.64 | 7,116.75 |
| United Spirits | 73.16 | 16.01 | 18.76 | 82.48 | 27,888.50 |
| Radico Khaitan | 95.87 | 16.48 | 9.98 | 165.13 | 12,753.32 |
| Globus Spirits | 17.26 | 42.39 | 13.78 | 307.83 | 2,830.30 |
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