Allied Blenders and Distillers IPO: Allied Blenders and Distillers Ltd is all set to hit the primary market next week. The firm is the third largest Indian-Made Foreign Liquor (IMFL) company in India, in terms of annual sales volumes between fiscal 2014 and fiscal 2022. It is a leading exporter of IMFL, with an estimated market share of 11.8 per cent in the Indian whisky market for fiscal 2023.
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Allied Blenders IPO Price Band
The maker of Officer’s Choice whisky has fixed a price band of Rs 267 to Rs 281 per share for its Rs 1,500-crore initial public offering (IPO).
Allied Blenders IPO Issue Date
The initial share-sale will open for the public subscription during June 25-27 and the bidding for anchor investors will open for a day on June 24.
Allied Blenders IPO GMP Price
As per multiple websites that track the grey market premium activities, the shares of Allied Blenders and Distillers Ltd are commanding a GMP in the price range of Rs 45 – 50 in the unregulated market.
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Allied Blenders IPO Listing Details
The equity shares of the company are proposed to be listed on the BSE and NSE.
Allied Blenders IPO Details
The Mumbai-based company’s initial share-sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, and Neesha Kishore Chhabria will sell shares.
Allied Blenders IPO Objective
Proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt. Besides, a portion will be used for general corporate purposes. The total debt on the company’s books was around Rs 808 crore as of December 2023.
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Allied Blenders
Allied Blenders and Distillers started its journey in 1988 with the launch of flagship brand Officer’s Choice Whisky which marked its entry into the mass premium whisky segment. It is engaged in the manufacturing, marketing and sale of alcoholic beverages in India and abroad. The product portfolio of the firm comprises several brands of IMFL across whisky, brandy, rum and vodka. Some of the major brands of the company include Officer’s Choice whisky, Sterling Reserve whisky, Jolly Roger rum and Class 21 vodka.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
