Allied Blenders and Distillers IPO Price Band; Date, GMP, Review Details Update | Allied Blenders IPO from June 25: Minimum investment of ₹ 14,893 will have to be made, the company makes 16 brands of liquor.

Allied Blenders and Distillers is coming with IPO. Its IPO will open for retail subscribers from June 25. The company has also fixed the price band of this issue, which is ₹ 267-₹ 281. Retail investors will have the opportunity to invest in the IPO till June 27.

The company aims to raise Rs 1,500 crore through this IPO. This IPO includes fresh issue as well as offer for sale (OFS). Fresh equity shares worth Rs 1,000 crore will be issued under the issue. Apart from this, shares worth Rs 500 crore of existing shareholders will be sold under OFS.

Minimum investment will be Rs 14,893
The price band of this issue has been fixed at ₹267-₹281. Retail investors can bid for a minimum of one lot i.e. 53 shares. If you apply for 1 lot as per the upper price band of IPO at ₹281, then you will have to invest ₹14,893.

At the same time, retail investors can apply for maximum 13 lots i.e. 689 shares. For this, investors will have to invest ₹ 193,609 as per the upper price band.

Will use the money to repay debt and fulfill corporate objectives
Allied Blenders and Distillers will use Rs 720 crore from the IPO to repay debt. Apart from this, the remaining money will be used to fulfill general corporate purposes. As of December 2023, the company had a debt of about Rs 808 crore.

The company’s 16 brands of liquor related products
Allied Blenders and Distillers is one of the largest companies producing Indian Made Foreign Liquor (IMFL). The company’s portfolio consists of 16 brands of whiskey, brandy, rum and vodka. These include Officers Choice Whiskey, Sterling Reserve and Officers Choice Blue, among other brands.

The company will make a profit of Rs 1.6 crore in the financial year 2022-23.
The Mumbai-based liquor company, with a pan-India distribution network, has reported a net profit of Rs 1.6 crore in FY 2022-23, an increase of 8.5% over the previous year. Revenue (except excise duty) increased by 17.2% to Rs 3,146.6 crore during the same period.