Allied Blenders and Distillers IPO: Top 10 Things to Know Before You Invest

Allied Blenders and Distillers, a major player in the liquor industry, is preparing to launch its initial public offering (IPO) next week. The IPO will be available for subscription from June 25 to June 27.

Here are 10 important points about the Allied Blenders and Distillers IPO:

1. IPO Dates

• Open for Subscription: June 25
• Close for Subscription: June 27

2. IPO Structure

• Total Amount to be Raised: ₹1,500 crores
  • Fresh Issue: ₹1,000 crores
  • Offer for Sale (OFS): ₹500 crores

3. Offer for Sale (OFS)

• Sellers: Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell shares as part of the OFS.

4. Company Overview

• Business: Manufacturing, marketing, and distribution of alcoholic beverages
• Products: IMFL brands including vodka, rum, whiskey, and brandy

5. IPO Price Band

• Price Range: ₹267 to ₹281 per share

6. IPO Size

• Total Shares Offered: 5.34 crore shares
  • Fresh Issue: 3.56 crore shares (₹1,000 crores)
  • Offer for Sale: 1.78 crore shares (₹500 crores)

7. Lot Size

• Minimum Bid: 53 shares
• Minimum Investment: ₹14,893

8. Promoters

• Promoter Names: Kishore Rajaram Chhabria, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev, and related entities like Bina Chhabria Enterprises Pvt Ltd, BKC Enterprises Pvt Ltd, Oriental Radios Pvt Ltd, and Officer’s Choice Spirits Pvt Ltd.

9. IPO Dates for Allotment and Listing

• Allotment Finalisation: June 28
• Expected Listing Date: July 2 on NSE and BSE

10. Book-Running Lead Managers and Registrar

• Lead Managers: ICICI Securities Ltd, Nuvama Wealth Management Ltd, and Iti Capital Ltd
• Registrar: Link Intime India Pvt Ltd

Grey Market Premium (GMP)

• Current GMP: Shares are trading at a premium of ₹74 in the grey market.

Allied Blenders and Distillers’ IPO offers an opportunity to invest in a leading liquor company with a wide range of alcoholic beverages. The IPO aims to raise ₹1,500 crores and is set at a price band of ₹267-281 per share. Retail investors can participate with a minimum investment of ₹14,893. The shares will likely be listed on July 2, with strong interest reflected in the grey market premium of ₹74.