Allied Blenders and Distillers Limited

CLOSED

IPO Date: 25 Jun - 27 Jun 2024

Listing Date: 2 Jul 2024

Price Range

₹267 to ₹281 per share

Issue Size

1500 Cr

Min Investment

14,151

Lot Size

53 Shares

Schedule of Allied Blenders and Distillers Limited

Issue open date

25 Jun 2024

Issue close date

27 Jun 2024

UPI mandate deadline

27 Jun 2024 (5 PM)

Allotment finalization

28 Jun 2024

Share credit

1 Jul 2024

Listing date

2 Jul 2024

Mandate end date

12 Jul 2024

Issue size

Funds Raised in the IPOAmount
Overall1500 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 Jun 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
2 Jul 202428159340 (21%)
1 Jul 202428159340 (21%)
30 Jun 202428142323 (14.77%)
29 Jun 202428140321 (14.23%)
28 Jun 202428150331 (17.79%)
27 Jun 202428157338 (20.28%)
26 Jun 202428177358 (27.4%)
25 Jun 202428187368 (30.96%)
24 Jun 202428182363 (29.18%)
23 Jun 202428174355 (26.33%)
22 Jun 202428175356 (26.69%)

Performance Allied Blenders and Distillers Limited

Issue PriceListing GainCurrent Market PriceP/L
₹267 to ₹281 per share 1172 (13%) 334.8519.16%

About Allied Blenders and Distillers Limited

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.

Founded in2008
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)53.01
      Non-Institutional Investors (NIIs)34.09
      Retail Individual Investors (RIIs)4.73
      Employee10.44
      Total24.85