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To apply for the IPO, click here: https://upstox.com/ipo-initial-public-offering/employee-allied-blenders-and-distillers-ipo
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Before you decide whether to subscribe to this IPO, here are 10 important points to consider.
Allied Blenders and Distillers, established in 2008, is a prominent player in the alcoholic beverage market with a market share of around 12% as of FY23.
- Popular brands include Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue, and ICONiQ Whisky. These are known as ‘Millionaire Brands’ because they have sold over a million 9-litre cases in a year.
ABD has a vast distribution network across India with 79,000 retail outlets in 30 states and UTs and exports to 14 international markets including the Middle East, North America, Africa, Asia, and Europe.
The company owns a distillery in Rangapur, Telangana with an in-house distillation capacity of 60 million litres per year. It also has 9 bottling units and arrangements with 23 bottling facilities.
Between FY21 and FY23, ABD’s revenue grew at a CAGR of 3%. However, profits fluctuated due to COVID-19 and increased expenses. Revenue increased by 9% YoY and profit by 46% YoY in Q3FY24.
From FY23 to FY28, the IMFL market in India is expected to grow at a CAGR of 9% in sales value and around 6% in volume, benefiting ABD.
Per capita alcohol consumption in India increased from 1.3 litres in 2005 to 3.2 litres in 2023. Additionally, 1.3 crore people are added to India’s drinking population annually, making it an attractive market.
The total IPO size is ₹1,500 crore, with ₹1,000 crore as a fresh issue and ₹500 crore as an offer for sale. Proceeds will primarily be used for debt repayment. Shares will be listed on NSE and BSE.
You can apply for the IPO from June 25 to June 27, 2024. The lot size is 53 shares, and the price band is ₹267 – ₹281 per share.
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