1) What is the business overview of Allied Blenders and Distillers?
With a market share of over 8% in the Indian Made Foreign Liquor (IMFL) market by sales volume in FY 2023, Allied Blenders & Distillers is engaged in the manufacturing, marketing and sale of alcoholic beverages in India and abroad. The firm’s product portfolio includes several brands of IMFL in whisky, brandy, rum and vodka.
2) What is the industry overview of Allied Blenders and Distillers?
India is primarily a distilled alcohol market with over 92% of pure alcohol consumed in the form of distilled spirits. The country has one of the fastest growing alcoholic beverage markets in the world, growing from a reported per capita consumption of 1.3 liters of pure alcohol in 2005 to 2.7 liters per capita in 2010 and further to an estimated 3.12 liters per capita. Consumption in 2023.
3) What is the size of Allied Blenders and Distillers IPO?
The issue is Rs. 1,000 crore is a combination of new equity sale and offer for sale (OFS) of 1.77 crore shares.
4) What is the price band for Allied Blenders and Distillers IPO?
The IPO price per share is Rs. 267-281 range, where investors can bid for 53 shares in one lot. At the upper end, companies issue Rs. 1,500 crore planned to be raised.
5) What is the structure of Allied Blenders and Distillers IPO?
About 50% of the public offering is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
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6) How is the financial performance of Allied Blenders and Distillers?
For the nine months ended December 2023, the company posted revenue growth of 9% year-on-year to Rs. 5,915 crores. Meanwhile, profit after tax in the same period grew by 50% year-on-year to Rs. 4.2 crores.
7) What are the objects of Allied Blenders and Distillers IPO?
The company paid Rs. 720 crore from the fresh issue is proposed to be used for debt repayment and the rest for general corporate purposes.
8) What is the current GMP of Allied Blenders and Distillers?
According to market analysts, the current GMP of Allied Blenders and Distillers in the unlisted market is Rs. is 50.
9) Who is the book running lead manager for Allied Blenders and Distillers IPO?
ICICI Securities, Nuwama Wealth Management and ITI Capital are acting as book running lead managers to the issue.
10) When is the share allotment and listing date of Allied Blenders and Distillers IPO?
The allotment of shares for the IPO will be finalized on June 28 and the company is expected to be listed on the stock exchange on July 2.
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