Allied Blenders IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 25 to Jun 27 2024
Price Band
₹267 - 281
Current GMP
₹320 (13.87%)
Subscription
24.85 times
IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹267 to ₹281 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 53,380,783 shares (aggregating up to ₹1,500.00 Cr) |
| Fresh Issue | 35,587,189 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 17,793,594 shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Employee Discount | Rs 26 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 244,113,665 |
| Share holding post issue | 279,700,854 |
IPO Date
June 25, 2024 to June 27, 2024
Listing Date
Tuesday, July 2, 2024
Face Value
₹2 per share
Price Band
₹267 to ₹281 per share
Lot Size
53 Shares
Total Issue Size
53,380,783 shares (aggregating up to ₹1,500.00 Cr)
Fresh Issue
35,587,189 shares (aggregating up to ₹1,000.00 Cr)
Offer for Sale
17,793,594 shares of ₹2 (aggregating up to ₹500.00 Cr)
Employee Discount
Rs 26 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
244,113,665
Share holding post issue
279,700,854
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 53.01 |
| Non-Institutional Buyers | 34.09 |
| bNII (bids above ₹10L) | 39.76 |
| sNII (bids below ₹10L) | 22.75 |
| Retail Investors | 4.73 |
| Employees | 10.44 |
| Total ** | 24.85 |
Anchor Investors
1
Qualified Institutions
53.01
Non-Institutional Buyers
34.09
bNII (bids above ₹10L)
39.76
sNII (bids below ₹10L)
22.75
Retail Investors
4.73
Employees
10.44
Total **
24.85
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 Jun 25, 2024 | 0.02 | 0.93 | 0.73 | 2.44 | 0.58 |
| Day 2 Jun 26, 2024 | 0.15 | 3.14 | 1.75 | 5.48 | 1.61 |
| Day 3 Jun 27, 2024 | 53.01 | 34.09 | 4.73 | 10.44 | 24.85 |
DayDay 1
Jun 25, 2024
QIB0.02
NII0.93
Retail0.73
EMP2.44
Total0.58
DayDay 2
Jun 26, 2024
QIB0.15
NII3.14
Retail1.75
EMP5.48
Total1.61
DayDay 3
Jun 27, 2024
QIB53.01
NII34.09
Retail4.73
EMP10.44
Total24.85
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-07-2024 | 281.00 | 59(21.0%) | 340 |
| 01-07-2024 | 281.00 | 59(21.0%) | 340 |
| 30-06-2024 | 281.00 | 41.50(14.77%) | 322.5 |
| 29-06-2024 | 281.00 | 40(14.23%) | 321 |
| 28-06-2024 | 281.00 | 50(17.79%) | 331 |
| 27-06-2024 | 281.00 | 57(20.28%) | 338 |
| 26-06-2024 | 281.00 | 77(27.4%) | 358 |
| 25-06-2024 | 281.00 | 87(30.96%) | 368 |
| 24-06-2024 | 281.00 | 82(29.18%) | 363 |
| 23-06-2024 | 281.00 | 74(26.33%) | 355 |
| 22-06-2024 | 281.00 | 75(26.69%) | 356 |
| 21-06-2024 | 281.00 | 69(24.56%) | 350 |
Date02-07-2024
Price281.00
GMP59(21.0%)
Estimate List Price340
Date01-07-2024
Price281.00
GMP59(21.0%)
Estimate List Price340
Date30-06-2024
Price281.00
GMP41.50(14.77%)
Estimate List Price322.5
Date29-06-2024
Price281.00
GMP40(14.23%)
Estimate List Price321
Date28-06-2024
Price281.00
GMP50(17.79%)
Estimate List Price331
Date27-06-2024
Price281.00
GMP57(20.28%)
Estimate List Price338
Date26-06-2024
Price281.00
GMP77(27.4%)
Estimate List Price358
Date25-06-2024
Price281.00
GMP87(30.96%)
Estimate List Price368
Date24-06-2024
Price281.00
GMP82(29.18%)
Estimate List Price363
Date23-06-2024
Price281.00
GMP74(26.33%)
Estimate List Price355
Date22-06-2024
Price281.00
GMP75(26.69%)
Estimate List Price356
Date21-06-2024
Price281.00
GMP69(24.56%)
Estimate List Price350
IPO Important Dates
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
IPO Open Date
Tuesday, June 25, 2024
IPO Close Date
Thursday, June 27, 2024
Basis of Allotment
Friday, June 28, 2024
Initiation of Refunds
Monday, July 1, 2024
Credit of Shares to Demat
Monday, July 1, 2024
Listing Date
Tuesday, July 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 27, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,893 |
| Retail (Max) | 13 | 689 | ₹193,609 |
| S-HNI (Min) | 14 | 742 | ₹208,502 |
| S-HNI (Max) | 67 | 3,551 | ₹997,831 |
| B-HNI (Min) | 68 | 3,604 | ₹1,012,724 |
ApplicationRetail (Min)
Lots1
Shares53
Amount₹14,893
ApplicationRetail (Max)
Lots13
Shares689
Amount₹193,609
ApplicationS-HNI (Min)
Lots14
Shares742
Amount₹208,502
ApplicationS-HNI (Max)
Lots67
Shares3,551
Amount₹997,831
ApplicationB-HNI (Min)
Lots68
Shares3,604
Amount₹1,012,724
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,741.39 | 2,487.70 | 2,248.35 |
| Revenue | 5,914.98 | 7,116.75 | 7,208.17 |
| Profit After Tax | 4.23 | 1.60 | 1.48 |
| Net Worth | 409.26 | 406.10 | 404.10 |
| Reserves and Surplus | 360.43 | 357.28 | 356.99 |
| Total Borrowing | 798.11 | 780.82 | 846.91 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20232,741.39
31 Mar 20232,487.70
31 Mar 20222,248.35
Period EndedRevenue
31 Dec 20235,914.98
31 Mar 20237,116.75
31 Mar 20227,208.17
Period EndedProfit After Tax
31 Dec 20234.23
31 Mar 20231.60
31 Mar 20221.48
Period EndedNet Worth
31 Dec 2023409.26
31 Mar 2023406.10
31 Mar 2022404.10
Period EndedReserves and Surplus
31 Dec 2023360.43
31 Mar 2023357.28
31 Mar 2022356.99
Period EndedTotal Borrowing
31 Dec 2023798.11
31 Mar 2023780.82
31 Mar 2022846.91
Key Performance Indicator
| ROE | 1.03% |
| ROCE | 24.35% |
| Debt/Equity | 1.88 |
| RoNW | 1.03% |
| P/BV | 16.77 |
| PAT Margin (%) | 0.17 |
| EPS (Rs) | 0.07 |
ROE
1.03%
ROCE
24.35%
Debt/Equity
1.88
RoNW
1.03%
P/BV
16.77
PAT Margin (%)
0.17
EPS (Rs)
0.07
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,982,206 (30.00%) | NA |
| QIB Shares Offered | 10,654,804 (20.00%) | NA |
| NII (HNI) Shares Offered | 7,991,103 (15.00%) | |
| bNII > ₹10L | 5,327,402 (10.00%) | 7,179 |
| sNII < ₹10L | 2,663,701 (5.00%) | 3,589 |
| Retail Shares Offered | 18,645,907 (35.00%) | 351,809 |
| Employee Shares Offered | 117,647 (0.22%) | NA |
| Total Shares Offered | 53,274,020 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered15,982,206 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered10,654,804 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered7,991,103 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered5,327,402 (10.00%)
Maximum Allottees7,179
Investor CategorysNII < ₹10L
Shares Offered2,663,701 (5.00%)
Maximum Allottees3,589
Investor CategoryRetail Shares Offered
Shares Offered18,645,907 (35.00%)
Maximum Allottees351,809
Investor CategoryEmployee Shares Offered
Shares Offered117,647 (0.22%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered53,274,020 (100%)
Maximum Allottees
Information about company
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, 2023, the company's products were exported to 14 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 31, 2023, the company owned and operated nine bottling units and utilized the entire licensed capacity of five third-party bottling facilities.
As of March 31, 2023, the products were sold in 79,329 retail outlets across 30 states and union territories in India.
Objectives of IPO
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
General corporate purposes.
Disclaimer
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