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Allied Blenders and Distillers Limited IPO

Allied Blenders and Distillers Limited IPO

IPO Date :
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Allotment Date :
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Listed Price: ₹ 320.00 (+13.88%)

Having completed its public offering, Allied Blenders and Distillers Limited's is now listed and trading on the NSE, BSE exchange as of 02-07-2024. The IPO raised cumulative capital of 5,33,80,783 Shares, including 3,55,87,189 Shares in primary capital infusion and ₹500.00 Cr in secondary market transactions.

The IPO was conducted with a price range of ₹267 to ₹281 and minimum investment requirement of 53 shares. subscription activity between 25-06-2024 and 27-06-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 29-06-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Allied Blenders IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Allied Blenders IPO Key Performance Indicator
Company Financials ( in Crores )

Allied Blenders IPO About Company

Allied Blenders and Distillers, incorporated in 2008, is a leading Indian-made foreign liquor company with a diverse portfolio of whisky, brandy, rum, vodka, and packaged drinking water under brands like Officer's Choice, Officer's Choice Blue, and Sterling Reserve. Officer's Choice Whisky, introduced in 1988, ranked among the world's top-selling whisky brands from 2016 to 2019. The company's products are available in 22 international markets across the Middle East, the Americas, Africa, Asia, and Europe. It operates a distillery in Rangapur, Telangana, spanning 74.95 acres with a built-up area of over 25,000 square meters, featuring an in-house distillation capacity of 54.75 million litres of extra neutral alcohol (ENA) annually. As of December 2022, Allied Blenders utilizes 30 bottling facilities across India, including both owned and contract bottling units, to support its large-scale operations.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Allied Blenders IPO Strength Factors

  1. Industry Leader with a Diverse Portfolio: Allied Blenders and Distillers is the largest Indian-owned IMFL company and ranks third in India by sales volume. Its wide range of products includes whisky, brandy, rum, and vodka, catering to various consumer preferences.
  2. Strong Brand Presence: Officer’s Choice Whisky leads the mass premium segment with a 20.9% market share (Fiscal 2023). Consistent investments in branding have reinforced its position as a market leader.
  3. Strategic Manufacturing & R&D: With a large distillery in Rangapur, Telangana, producing 600 lakh litres of extra neutral alcohol annually, and extensive bottling facilities across India, the company ensures strong nationwide distribution.

Allied Blenders IPO Risk Factors

  1. Heavy Reliance on Whisky Sales: Over 95% of the company’s revenue from Fiscal 2021 to 2023 came from whisky. Any decline in whisky demand could significantly impact financial performance.
  2. Fluctuating Profits: The company has seen ups and downs in its profit margins, making financial stability uncertain and future returns unpredictable.
  3. Regulatory Challenges: Strict government regulations at both Central and State levels could lead to higher costs or business restrictions, potentially affecting operations.

Allied Blenders IPO Lead Manager(s)

  • ICICI Securities Limited
  • Nuvama Wealth Management Limited
  • Iti Capital Limited

Allied Blenders IPO Promoter(s)

  1. Kishore Rajaram Chhabria
  2. Bina Kishore Chhabria
  3. Resham Chhabria
  4. Jeetendra Hemdev
  5. Bina Chhabria Enterprises Private Limited
  6. BKC Enterprises Private Limited
  7. Oriental Radios Private Limited
  8. Officer's Choice Spirits Private Limited

Allied Blenders IPO Company Details

Allied Blenders and Distillers Limited
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Allied Blenders IPO Registrar

Link Intime India Private Limited
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Allied Blenders IPO FAQs