Allied Blenders & Distillers Ltd IPO: Review & Complete Analysis

Allied Blenders and Distillers Limited IPO Overview

IPO Details

• Type: Mainboard Book Built Issue

• Issue Size: ₹1500 crores (₹1000 crores Fresh Issue, ₹500 crores Offer for Sale)

• IPO Dates: June 24, 2024 - June 26, 2024

• Listing Date: July 1, 2024

• Listing Exchanges: BSE, NSE

• Registrar: Link Intime India Private Ltd

Objectives of the IPO

• Prepay or repay a portion of existing borrowings

• General corporate purposes

Peer Comparison

• United Spirits Limited: P/E 68.59x

• Radico Khaitan Limited: P/E 100.51x

• Globus Spirits Limited: P/E 20.85x

• Industry Average P/E: 63.31x

Strengths

• Large-scale, modern product line

• Strong brand recognition

• Extensive distribution network

• Innovative manufacturing facilities

• Experienced management team

Weaknesses

• High reliance on whiskey sales

• Potential vulnerability in key markets (West Bengal, Telangana, Uttar Pradesh)

• Challenges in maintaining brand popularity

• Risks related to manufacturing disruptions and customer dependency

The IPO aims to strengthen the company's financial position and expand its operations. Allied Blenders and Distillers have shown growth in net worth and total assets, despite some financial challenges. Investors may find this IPO attractive due to the company's strong market presence and potential for future growth.

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