Allied Blenders and Distillers Ltd IPO opens today. Check the GMP & other details.
Allied Blenders and Distillers Ltd. is an Indian-made foreign liquor company known for its whisky, brandy, rum, and vodka. They also market packaged drinking water under brands like Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve. Their products are exported to 22 international markets across the Middle East, North and South America, Africa, Asia, and Europe. The company operates a distillery in Rangapur, Telangana, covering 74.95 acres with a built-up area exceeding 25,000 square meters.
Allied Blenders and Distillers Ltd. Financials
(Amount in Crores)
| Financial Metrics | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Assets | 2,487.70 | 2,248.35 | 2,298.57 |
| Revenue | 7,116.75 | 7,208.17 | 6,397.81 |
| Profit After Tax (in billions) | 1.60 | 1.48 | 2.51 |
| Net Worth | 406.10 | 404.10 | 381.78 |
| Reserves & Surplus | 357.28 | 356.99 | 327.85 |
| Total Borrowing | 780.82 | 846.91 | 954.74 |
Allied Blenders and Distillers Limited’s revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.
Company’s 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
In total, there are 7 promoters associated with Allied Blenders and Distillers.
The shareholding before the issue stands at 96.21%, while after the issue, it reduces to 80.91%.
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Allied Blenders and Distillers IPO Issue Objectives
- Prepayment or Repayment of a portion of outstanding borrowings availed by the Company.
- General corporate purposes.
Allied Blenders and Distillers other details
Allied Blenders and Distillers is a Mainboard category IPO.
| IPO Details | Details |
|---|---|
| Open Date | 25 June, 2024 |
| Close Date | 27 June, 2024 |
| Allotment Date | 28 June, 2024 |
| Listing Date | 02 July, 2024 |
| Issue Price | ₹267-281 per equity share |
| Face Value | ₹2 per equity share |
| Market Lot | Retail: 53 Shares (₹14,893/-); S-HNI: 742 Shares (₹2,08,502/-); B-HNI: 3,604 Shares (₹10,12,724/-) |
| Listing at Group | BSE, NSE |
| Registrar | Link Intime India Private Ltd |
| Retail Portion | 35% of total (Number of Retail Applications: 3,51,810 Approx); (Number of S-HNI Applications: 3,590 Approx); (Number of B-HNI Applications: 7,180 Approx) |
| Issue Size | Total ₹1,500 Cr; Fresh Issue: 35,587,189 shares (aggregating up to ₹1,000 Cr); OFS: 17,793,594 shares of ₹2 (aggregating up to ₹500 Cr) |
Allied Blenders and Distillers GMP today-
The expected GMP of the company is around Rs. 77-80 which is around 27.4% of the Issue price . It is expected that investors can get a profit of 27.4% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Disclaimer:
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