Allied Blenders and Distillers IPO

Allied Blenders and Distillers Limited is a the biggest Indian-owned Indian-made Foreign Liquor (“IMFL”) company and the third largest IMFL firm in the country, In terms of annual sales volumes between Fiscal 2014 and Fiscal 2021. (Referring to Technopak Report). Allied Blenders and Distillers IPO will hit the stock market in September 2022.

About Allied Blenders and Distillers

They are a prominent exporter of IMFL in terms of annual sales volumes between Fiscal 2019 and Fiscal 2021, with a projected peak share of 20% in Fiscal 2021, and one of only four spirits firms in India with a pan-India sales and distribution footprint.

Officer’s Choice Whisky, their flagship brand, was introduced in 1988 along with their foray into the mass premium whisky category. Between the years 2016 and 2019, Officer’s Choice Whisky ranked among the top-selling whisky brands internationally in terms of annual sales volumes.

They have added new goods and increased our offerings across a number of categories and market groups over the years. As of March 31, 2022, they have 10 key IMFL brands in our product portfolio, including rum, whisky, brandy, and vodka.

Footprints

With sales across 30 States & Union Territories as of December 31, 2021, they have throughout the years built market leadership in India’s alcoholic beverage sector, with a market share of 8.2% in the IMFL market by sales volumes (Source: Technopak Report).

As of December 31, 2021, they will have 12 regional sales support offices, a pan-India route-to-market capability that covers all channels as well as alcohol-permitted States & Union Territories. Over the years, they have established a significant pan-India sales presence.

They have been able to handle the increase in our products’ yearly sales volumes thanks to their extensive distribution network throughout India. In India, their products were sold in 64,001 retail locations as of March 31, 2021. (Source: Technopak Report).

Recognition

They have made investments over the years to boost our brand recognition and the reputation of their own businesses. The Design and Packaging Masters, The Spirits Business London, Monde Selection Bruxelles, International Taste Institute- ITQI Brussels, DMAasia ECHO, Adgully Digixx, and Afaqs Marketers Xcellence are just a few of the reputable award ceremonies where their key brands have received recognition.

They have taken a lifestyle approach to brand positioning, concentrating on raising awareness, improving the appeal of their items marketed under numerous names, guaranteeing product affordability, upholding the quality of their supplied products, and increasing consumer interaction.

Additionally, they shipped their goods to 22 other countries around the world, including the Middle East, North and South America, Africa, Asia, & Europe.

Allied Blenders and Distillers IPO

Allied Blenders and Distillers Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 2,000 Crore on 27 June 2022.

The offer includes a fresh issue of INR 1,000 Crore and there is offer for sale (OFS) of INR 1,000 Crore by the promoters mentioned in the DRHP. They are not looking for a Pre-IPO placement in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	31-Dec-22	31-Mar-22	31-Mar-21	31-Mar-20
Total Assets	2,460.19	2,298.57	2,400.37	2,631.59
Total Revenue	5,452.57	6,397.81	8,135.61	8,946.86
Profit After Tax	4.04	2.16	12.80	15.42

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	0.11	0.10	3
Financial Year 2020	0.54	0.53	2
Financial Year 2019	0.65	0.65	1
Weighted Average	0.34	0.34
31 Dec 2021	0.14	0.14

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the offer price:

• among the biggest IMFL companies in India, offering a wide range of modern products.
• High brand awareness.
• With a comprehensive research and development center, large-scale production facilities that are strategically positioned.
• Access to a vast distribution network that spans all of India.
• Ideally situated to benefit from industry tailwinds in India for IMFL.

Allied Blenders and Distillers Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	United Spirits Limited	142.62
2	2	Radico Khaitan Limited	39.20
3	10	Globus Spirits Limited	19.37

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on June 8, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

Allied Blenders and Distillers IPO Details

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Issue Type	Book Building
Face Value	02 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	2,000 Crore
Fresh Issue	1,000 Crore
Offer for Sale	1,000 Crore

Allied Blenders and Distillers IPO Date

Allied Blenders and Distillers Limited IPO opening date is September 2022, and the closing date is September 2022. The Allied Blenders and Distillers issue may list in September 2022.

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Basis of Allotment Date	September 2022
Initiation of Refunds	September 2022
Credit of Shares to Demat Account	September 2022
IPO Listing Date	September 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum 1 lot based on availability

Allied Blenders and Distillers India Limited IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Allied Blenders and Distillers IPO.

Allied Blenders and Distillers IPO GMP

Allied Blenders and Distillers Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Allied Blenders and Distillers Limited IPO Review

Allied Blenders and Distillers Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Allied Blenders and Distillers IPO is good or bad.

Allied Blenders and Distillers Limited IPO Risk

• Allied Blenders and Distillers is reliant on the sales of their whisky products, and any decline in those sales could have a negative impact on their Business, operations, finances, and future prospects.
• Their economic prospects and financial performance may suffer if they are unable to retain or grow the popularity of their brands, particularly their Officer’s Choice brand.
• They rely on the sales of their products in a few crucial Indian States, and any decline in those sales could have a materially negative impact on their operations, financial standing, operational performance, and prospects.
• They might not be able to raise the price at which their products are sold, which would be detrimental to their business, financial situation, operational performance, & prospects.

Other Threats

1. Their business depends on the sale of their products to their most important clients, and the loss of one or more of these clients or a drop in demand for their products could have a negative impact on their operations, results, financial situation, & cash flows.
2. The COVID-19 pandemic’s current & ongoing effects on their operations, particularly how it may affect customers’ willingness or ability to buy their goods, may be detrimental to their company’s bottom line.
3. Involvement in public sector operations exposes them to additional risks that could considerably and negatively impact their business.
4. Their operations and financial success could be negatively impacted by an inadequate or interrupted supply of their raw materials & packaging materials, as well as by price fluctuations.

Allied Blenders and Distillers Limited IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Allied Blenders and Distillers IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Allied Blenders and Distillers Limited IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
September 2022	1
September 2022	2
September 2022	3

Allied Blenders and Distillers Limited Management

Their skilled and professional board of directors has assisted in the expansion of their business and offers them strategic leadership and direction. Professional management has been used to run their operations.

Their Whole-Time Director (Executive Deputy Chairman), Shekhar Ramamurthy, has played a key role in putting strategic business objectives into action and concentrating on finding possibilities to spur development and value.

Their Chief Financial Officer, Ramakrishnan Ramaswamy, has worked for their company since May 2010 and has a wealth of financial experience.

Their senior management team is made up of professionals with extensive business knowledge in consumer goods, sales and marketing, production, and financial matters.

Allied Blenders and Distillers Limited‘ Promoters

• Kishore Rajaram Chhabria
• Bina Kishore Chhabria
• Resham Chhabria Jeetendra Hemdev
• Bina Chhabria Enterprises Private Limited
• BKC Enterprises Private Limited
• Oriental Radios Private Limited
• Officer’s Choice Spirits Private Limited

Promoter’s Holding

Pre Issue Share Holding	80.04%
Post Issue Share Holding

Allied Blenders and Distillers Limited Prospectus