{"id":38962,"date":"2024-06-24T10:33:38","date_gmt":"2024-06-24T05:03:38","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=38962"},"modified":"2024-06-24T10:42:53","modified_gmt":"2024-06-24T05:12:53","slug":"allied-blenders-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/allied-blenders-ipo\/","title":{"rendered":"Allied Blenders IPO"},"content":{"rendered":"\t\t
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Allied Blenders IPO is a book-built issue of Rs 1,500.00 crores. The issue is a combination of a fresh issue of 3.56 crore shares aggregating to Rs 1,000.00 crores and an offer for sale of 1.78 crore shares aggregating to Rs 500.00 crores.<\/span><\/p>

The IPO opens for subscription on June 25, 2024, and closes on June 27, 2024. The price band for the IPO is set at \u20b9267 to \u20b9281 per share and the minimum lot size for an application is 53 Shares.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Summary<\/strong><\/span><\/p>

They are the largest Indian-owned Indian-made foreign liquor (\u201cIMFL\u201d) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022.<\/span><\/p>

Their flagship brand, Officer\u2019s Choice Whisky has been among the top-selling whisky brands globally in terms of annual sales volumes between 2016 and 2019.<\/span><\/p>

As of December 31, 2023, their product portfolio comprised 16 major brands of IMFL across whisky, brandy, rum, and vodka. Certain of their brands, such as Officer\u2019s Choice Whisky, Sterling Reserve, Officer\u2019s Choice Blue, and ICONiQ Whisky, are \u2018Millionaire Brands\u2019 or brands that have sold over a million 9-litre cases in one year.<\/span><\/p>

Their net cash generated from operating activities was \u20b9 2,466.18 million, \u20b9 1,787.60 million, \u20b9 2,298.55 million, \u20b9 1,729.85 million, and \u20b9 1,439.12 million in Fiscal 2021, 2022, and 2023, and in the nine months ended December 31, 2022, and December 31, 2023, respectively<\/span><\/p>

Their restated profit for the period\/year was \u20b9 25.08 million, \u20b914.76 million, \u20b9 16.01 million, \u20b9 28.81 million, and \u20b9 42.29 million in Fiscal 2021, 2022, and 2023, and in nine months ended December 31, 2022, and December 31, 2023, respectively<\/span><\/p>

Their Net Worth was \u20b9 3,817.82 million, \u20b9 4,040.98 million, \u20b9 4,060.99 million, \u20b9 4,070.84 million, and \u20b94,092.56 million, as of March 31, 2021, 2022 and 2023, and as of December 31, 2022, and December 31, 2023, respectively.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company strengths<\/strong><\/span><\/p>

Their products have received various recognitions over the years. For example, Officer\u2019s Choice Whisky received the Wines Beers and Drinks Awards in 2018 for the world\u2019s largest-selling whisky. Sterling Reserve Premium Whisky received the Spiritz Award in 2019 for the fastest-growing whisky brand and the Wines Beers and Drinks Award in 2018 for the fastest-growing brand.<\/span><\/p>

In Fiscal 2021, 2022, and 2023 and in the nine months ended December 31, 2022, and December 31, 2023, their sales and business promotion expenses were \u20b9 906.63 million, \u20b9 938.56 million, \u20b9 1,304.02 million, \u20b9 1,070.14 million and \u20b9 942.45 million, respectively, which represented 3.86%, 3.49%, 4.14%, 4.50% and 3.68%, respectively, of their total Net Revenue from Operations in Fiscal 2021, 2022 and 2023 and in the nine months ended December 31, 2022 and December 31, 2023.<\/span><\/p>

As of December 31, 2023, their products were exported to 14 countries. Their export markets include countries such as the United Arab Emirates, Haiti, Oman, Hong Kong, and Qatar.<\/span><\/p>

They have 3,627 employees which includes 67 production workers, one (1) sales consultant, and 2,690 contract workers, as of December 31, 2023.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Financials<\/strong><\/span><\/p>
Period Ended<\/b><\/strong><\/span><\/td>31 Dec 2023<\/b><\/strong><\/span><\/td>31 Mar 2023<\/b><\/strong><\/span><\/td>31 Mar 2022<\/b><\/strong><\/span><\/td>31 Mar 2021<\/b><\/strong><\/span><\/td><\/tr>
Assets<\/b><\/strong><\/span><\/td>2,741.39<\/span><\/td>2,487.70<\/span><\/td>2,248.35<\/span><\/td>2,298.57<\/span><\/td><\/tr>
Revenue<\/b><\/strong><\/span><\/td>5,914.98<\/span><\/td>7,116.75<\/span><\/td>7,208.17<\/span><\/td>6,397.81<\/span><\/td><\/tr>
Profit After Tax<\/b><\/strong><\/span><\/td>4.23<\/span><\/td>1.60<\/span><\/td>1.48<\/span><\/td>2.51<\/span><\/td><\/tr>
Net Worth<\/b><\/strong><\/span><\/td>409.26<\/span><\/td>406.10<\/span><\/td>404.10<\/span><\/td>381.78<\/span><\/td><\/tr>
Reserves and Surplus<\/b><\/strong><\/span><\/td>360.43<\/span><\/td>357.28<\/span><\/td>356.99<\/span><\/td>327.85<\/span><\/td><\/tr>
Total Borrowing<\/b><\/strong><\/span><\/td>798.11<\/span><\/td>780.82<\/span><\/td>846.91<\/span><\/td>954.74<\/span><\/td><\/tr>

Amount in \u20b9 Crore<\/span><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Objectives of the IPO<\/b><\/strong><\/span><\/p>

The company proposes to utilize the Net Proceeds towards funding the following objects:<\/span><\/p>