₹ 14893 / 53 shares
IPO Details
Issue Date
25 Jun - 27 Jun'24
Investment/lot
₹ 14893
Price Range
267 - 281
Lot Size
53
IPO Size
₹ 1500.26 Cr
IPO Listing Details
Listing On
2 Jul'24
Issue Price
281
Listed Price
₹ 318.1
Retail Gain/Listing Gain
▲13.88%
IPO Timeline
Allied Blenders IPO Review | Issue details, financials, products | Alcohol Manufacturer
Kotak Securities
•4m 41s
Allied Blenders & Distillers Company Background
Allied Blenders and Distillers is the largest Indian-owned and Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and 2022 (Source: Technopak Report).
The company is one of the only four spirits companies in India with a pan-India sales and distribution footprint and has an estimated market share (in terms of sales volume) of 11.8% in the Indian whisky market for Fiscal 2023.
With that, let's take a look at the competitive strength and risk factors for Allied Blenders and Distillers Limited:
Allied Blenders & Distillers Competitive Strengths
Among the largest IMFL companies in India with a diversified and contemporary product portfolio.
While being the largest Indian-owned IMFL company and the third-largest IMFL company in India in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022 (Source: Technopak Report), four of the company’s brands are ‘Millionaire Brands’ (Source: Technopak Report).
Strong brand recognition
Over the years, the company has developed a well-recognised product portfolio and transformed from a single-brand company to a multi-product and multi-brand company with a presence across various categories and segments of the IMFL industry in India. The company also entered the premium and semi-premium whisky segments with the launch of Sterling Reserve Blend 10 and Sterling Reserve Blend 7 in Fiscal 2018 and these brands have been recognised as Brand Champion (Indian Whisky) for four years in a row between 2019 and 2022 by The Spirits Business, London.
Access to an extensive pan-India distribution network with the ability to scale
Having a pan-India multi-channel distribution network and being one of only four spirits companies in India with a pan-India sales and distribution footprint serves as an advantage to the company (Source: Technopak Report). Further, The Indian alco-beverage industry has high barriers to entry, due to it being highly regulated with State-specific policies. This is advantageous for the company to keep new competition at bay.
Allied Blenders & Distillers Risk Factors
- Any reduction in the sales of whisky products could adversely affect the business.
- An inability to maintain or enhance the popularity of the brands could adversely affect the business.
- The company’s sales are dependent on a few States in particular, and any reduction in sales in such key States could adversely affect the business.
Key Strategies
- Increase market share of Officer’s Choice Whisky across regions.
- Introduce new products within the premium, semi-premium and deluxe segments to strengthen presence in other categories.
- Continue to focus on improving operating efficiencies.
Allied Blenders & Distillers Ltd Key Financials
Here are the key financials for Allied Blenders and Distillers Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Allied Blenders & Distillers Ltd IPO?
Here are the steps to apply for Allied Blenders & Distillers Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Allied Blenders & Distillers IPO FAQs
When is Allied Blenders & Distillers IPO listing date?
Allied Blenders & Distillers IPO will list on 2024-07-02.
What is the issue size of Allied Blenders & Distillers IPO?
1500.26 is the issue size of Allied Blenders & Distillers IPO.
What is the minimum lot size required for Allied Blenders & Distillers IPO?
The minimum lot size is 53 shares and the investment required is ₹14893.
What is the price band of the Allied Blenders & Distillers IPO?
The price band of Allied Blenders & Distillers IPO is ₹267 to ₹281.
What is the Allied Blenders and Distillers Limited IPO?
The Allied Blenders and Distillers Limited IPO has an issue size of Rs. 1500 crores. The IPO opens for subscription on 25th June 2024 and closes on 27th June 2024
Who is the Registrar for Allied Blenders and Distillers Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
