Allied Blenders and Distillers IPO opens on June 25: check full details

Allied Blenders and Distillers IPO price band sets at ₹267 to ₹281 per equity shares with a Face Value of ₹2. The IPO is a book-built issue of ₹1500 crores, which compromises fresh issue size of ₹1000 crores and an offer for sale of ₹500 crores. The bids of the IPO starts from Tuesday, June 25 and ends on Thursday, June 27. Bids for Anchor Investor will be happen on Monday, June 24. The issue shall be listed on both NSE & BSE with tempting date fixed as Tuesday, July 2.

The minimum lot size of the issue is 53 equity shares and its multiples thereafter. The company gave discount of ₹26 per equity shares for its Eligible Employees. The minimum amount of investment required for Retails is ₹14,893. The minimum bid size for HNI’s is 14 lots, aggregating to ₹2,08,502. The company has reserved shares worth of ₹3 crores for its Eligible employees, 50% of the issue is reserved for QIB’s, 15% for NIB’s (Non Institutional Bidders) and 35% for Retail Individual Bidders.

Amara Raja invests 20mn Euro in European Tech Company “InoBat”

ICICI Securities Limited

Financials

The company had a Total Debt of ₹798 crores, out of which ₹557 crores are Short-term debt and ₹240 crores is Long-term debt.

Risk Factors

• The Company’s whisky product generate the majority (94.33%) of it’s revenue.
• Company’s PAT & PAT Margins are very low.
• The Company has a total debt of ₹798 crores as compared to it’s ₹4.2 crores Profit (PAT).
• Increasing competition in the IMFL Industry.
• Certain of company’s subsidiaries have incurred losses in the past.

Objects of the Issue

• Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company.
• General corporate purposes.

About Allied Blenders and Distillers Limited

Incorporated in 2008, Allied Blenders and Distillers Limited is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories- whisky, brand, rum and vodka.