Allied Blenders and Distillers, the maker of Officer’s Choice whisky, is set to launch a Rs 1,500 crore IPO on Tuesday (June 25, 2024).
Investors can subscribe to the IPO till Thursday (June 27, 2024), with the anchor book opening for one day on June 24.
The IPO will consist of a fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale of shares worth Rs 500 crore by existing shareholders.
The price range for the Allied Blenders and Distillers Limited IPO is set between Rs 267 and Rs 281 per equity share, each with a face value of Rs 2.
The minimum price is set at 133.50 times the face value of the equity shares, while the maximum price is 140.50 times the face value. Investors can place bids for a minimum of 53 equity shares, each with a face value of Rs 2.
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The company has reserved shares worth Rs 3 crore for eligible employees, who will receive a discount of Rs 26 per share. Additionally, 50% of the issue is reserved for qualified institutional bidders (QIBs), 15% for non-institutional investors (NII), and the remaining 35% for retail investors.
About Allied Blenders and Distillers IPO
Founded in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor (IMFL) company. It offers a variety of products including whisky, brandy, rum, vodka, and gin.
Additionally, they sell packaged drinking water under the brands Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve.
By December 31, 2021, Allied Blenders and Distillers was exporting its goods to 22 foreign markets, such as the Middle East, Africa, Asia, South and North America, and Europe.
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Officer’s Choice Whisky, introduced in 1988, marked the company’s entry into the mass premium whisky market and has become one of the best-selling whisky brands in the world.
ICICI Securities, Nuvama Wealth Management, and ITI Capital are the lead managers for the Allied Blenders IPO, while Link Intime India will act as the registrar.
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The company’s shares are set to be listed on both BSE and NSE, with a tentative debut date of Tuesday (July 2, 2024).
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before making any investment decision.
