Allied Blenders IPO opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Allied Blenders IPO is expected to be finalized on Thursday, June 27, 2024. Allied Blenders IPO will list on BSE, NSE with tentative listing date fixed as Monday, July 1, 2024.
Subscription Dates: June 24, 2024 to June 26, 2024 Expected Allotment: Thursday, June 27, 2024 Listing Date (Tentative): July 1, 2024
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | July 1, 2024 |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | Shares |
| Listing At | BSE, NSE |
| Share holding pre issue | 244,113,665 |
| Share holding post issue | 278,011,970 |
| Investor Category | Shares Offered |
|---|
Allied Blenders and Distillers Limited IPO opens on June 24, 2024 and closes on June 26, 2024.
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment* | Thursday, June 27, 2024 |
| Initiation of Refunds* | Friday, June 28, 2024 |
| Credit of Shares to Demat* | Friday, June 28, 2024 |
| Listing Date* | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, June 26, 2024 |
Investors can bid for a minimum of shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
The promoters of the company are 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.
| Share Holding Pre Issue | 96.21% |
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, 2021, the company's products were exported to 22 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 2022, Allied Blenders relied on 30 bottling facilities, including those owned and operated by them, and contract bottling facilities, both exclusive and non-exclusive, for bottling its products.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Allied Blenders and Distillers Limited
394-C Lamington Chambers,
Lamington Road,
Mumbai– 400 004,
Phone: +91 22 43001111
Email: complianceofficer@abdindia.com
Website: https://www.abdindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abdl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | July 1, 2024 |
| Final Issue Price | ₹ per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ | ₹ |
Allied Blenders and Distillers Limited IPO is a main-board IPO of equity shares of the face value of ₹ 2 aggregating up to ₹ Crores. The issue is priced at . The minimum order quantity is Shares.
The Allied Blenders and Distillers Limited IPO opens on June 24, 2024 and closes on June 26, 2024.
The finalization of Basis of Allotment for Allied Blenders and Distillers Limited IPO will be done on Thursday, June 27, 2024, and the allotted shares will be credited to your demat account by Friday, June 28, 2024. Check the Allied Blenders and Distillers Limited IPO allotment status.