Allied Blenders and Distillers Limited IPO
- IPO Date25 Jun, 2024 to 27 Jun, 2024
- Listing Date02 Jul, 2024
- Face Value₹2 per share
- Issue Price₹267 to ₹281 per share
- Lot Size53 Shares
- Minimum Investment₹14,893
- Listing AtBSE, NSE
- Total Issue Size5,33,80,783 Shares
(aggregating up to ₹1500.00 Cr) - Fresh Issue3,55,87,189 Shares
(aggregating up to ₹1000.00 Cr)
- Offer for Sale1,77,93,594 Shares
(aggregating up to ₹500.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue24,41,13,665
- Shareholding post issue27,97,00,854
IPO Dates
Closing Date
27 Jun, 2024
Initiation of Refunds
01 Jul, 2024
Listing Date
02 Jul, 2024
25 Jun, 2024
Opening Date
28 Jun, 2024
Basis of Allotment
01 Jul, 2024
Credit of Shares
Allied Blenders and Distillers Limited Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 689 | ₹1,93,609 |
| Retail (Min) | 1 | 53 | ₹14,893 |
| B-HNI (Min) | 68 | 3604 | ₹10,12,724 |
| S-HNI (Min) | 14 | 742 | ₹2,08,502 |
| S-HNI (Max) | 67 | 3551 | ₹9,97,831 |
Allied Blenders and Distillers Limited Promoter Holding
The Promoters of the company are 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.21% | 80.91% |
Allied Blenders and Distillers Limited COMPANY INFORMATION
Allied Blenders IPO is a book built issue of Rs 1,500.00 crores. The issue is a combination of fresh issue of 3.56 crore shares aggregating to Rs 1,000.00 crores and offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores. Allied Blenders IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the Allied Blenders IPO is expected to be finalized on Friday, June 28, 2024. Allied Blenders IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, July 2, 2024. Allied Blenders IPO price band is set at ₹267 to ₹281 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,893. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹208,502, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,012,724. ICICI Securities Limited, Nuvama Wealth Management Limited and Iti Capital Ltd are the book running lead managers of the Allied Blenders IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Allied Blenders IPO RHP for detailed information.
Incorporated in 2008, Allied Blenders and Distillers is an 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.
The Officer's Choice Whisky was introduced in 1988 as the company's foray into the mass premium whisky market. It is one of the most-selling whisky brands in the world in terms of annual sales volumes from 2016 to 2019.
As of December 31, 2021, the company's products were exported to 22 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.
FAQs About Allied Blenders And Distillers Limited Ipo
Allied Blenders and Distillers Limited IPO will open on 25 Jun, 2024 and close on 27 Jun, 2024. Investors must apply within this period to participate.
The Allied Blenders and Distillers Limited IPO price band is set between ₹267.00 and ₹281.00 per share. The minimum lot size is 53, requiring an investment of at least ₹14893.00.
The Allied Blenders and Distillers Limited IPO shares are expected to be listed on 02 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Allied Blenders and Distillers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Allied Blenders and Distillers Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.