ABD IPO: Allied Blenders and Distillers Announces Rs 2,000 Crore IPO with Fresh Issue and Offer for Sale

ABD IPO: Allied Blenders and Distillers Limited, a leading Indian-made foreign liquor company, has announced plans to launch an Initial Public Offering (IPO) worth Rs 2,000.00 crores. The IPO comprises a combination of a fresh issue of Rs 1,000.00 crores and an offer for sale of Rs 1,000.00 crores. The specific dates and price bands for the IPO are yet to be announced.

Also See: Upcoming IPO in India

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Allied Blenders and Distillers Limited, incorporated in 2008, is renowned for its extensive product portfolio, which includes whisky, brandy, rum, and vodka. The company’s flagship brand, Officer’s Choice Whisky, has consistently ranked among the world’s top-selling whisky brands in terms of annual sales volumes.

Allied Blenders and Distillers IPO

As of December 31, 2021, Allied Blenders and Distillers had a global presence, exporting its products to 22 international markets across the Middle East, North and South America, Africa, Asia, and Europe. The company owns a state-of-the-art distillery in Rangapur, Telangana, with substantial distillation capacity for extra neutral alcohol (ENA), a key ingredient in its products. Furthermore, the company leverages a wide network of 30 bottling facilities across India, including owned and contract bottling facilities.

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The funds raised through the IPO will be utilized for the following purposes:

  1. Prepayment or scheduled repayment of a portion of outstanding borrowings.
  2. General corporate purposes.

Link Intime India Private Ltd will serve as the registrar for the Allied Blenders IPO, and inquiries can be directed to [email protected]. More information about the IPO can be found on their website: Link Intime India Private Ltd.

The promoters of Allied Blenders and Distillers Limited include Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, Bina Chhabria Enterprises Private Limited, BKC Enterprises Private Limited, Oriental Radios Private Limited, and Officer’s Choice Spirits Private Limited.

Allied Blenders IPO

Some key strengths of the company include being among the largest Indian-made foreign liquor companies in India, a diverse product portfolio, strong brand recognition, advanced manufacturing facilities, a vast distribution network, and a well-positioned position to benefit from trends in the Indian IMFL industry.

Also See: Allied Blenders IPO GMP

ABD IPO financial information: Here is a snapshot of Allied Blenders and Distillers Limited’s financial information for the period ended March 31, 2021:

  • Total Assets: ₹2,298.57 crores
  • Revenue: ₹6,397.81 crores
  • Profit After Tax: ₹2.51 crores
  • Net Worth: ₹381.78 crores
  • Reserves and Surplus: ₹263.71 crores
  • Total Borrowings: ₹954.74 crores

The Allied Blenders IPO is expected to generate significant interest from investors as it offers an opportunity to invest in one of India’s prominent liquor companies with a strong track record and global reach. Investors will eagerly await the announcement of IPO dates and price bands as the company moves closer to going public.

Allied IPO

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