Allied Blenders and Distillers IPO opens this week: 10 things to know about this Rs 1,500-cr issue

economictimes.indiatimes.com:

Allied Blenders and Distillers will open for subscription on June 25. The issue closes on June 27. Through the public offer, the company plans to raise around Rs 1,500 crore. Here are 10 things to know about Allied Blenders and Distillers IPO IPO before subscribing to the issue.

1) What is the business overview of Allied Blenders and Distillers?

With a market share of over 8% in the Indian-made foreign liquor (IMFL) market by sales volumes in fiscal 2023, Allied Blenders and Distillers is engaged in the manufacturing, marketing, and sale of alcoholic beverages in India and abroad. The product portfolio of the firm comprises several brands of IMFL across whisky, brandy, rum, and vodka.

2) What is the industry overview of Allied Blenders and Distillers?

India is primarily a distilled alcohol market with more than 92% of recorded pure alcohol consumption in the form of distilled spirits. The country is one of the fastest-growing alcoholic beverage markets in the world growing from a small base of 1.3 litres per capita of recorded consumption of pure alcohol in 2005 to 2.7 litres per capita consumption in 2010 and further to an estimated 3.12 litres per capita consumption in 2023.

3) What is the size of Allied Blenders and Distillers IPO?

The issue is a combination of a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares.

4) What is the price band for Allied Blenders and Distillers IPO?

The IPO is priced in the range of Rs 267-281 per share, where investors can bid for 53 shares in one