Allied Blenders & Distillers is India’s third largest Indian Made Foreign Liquor (IMFL) manufacturer. Officers’ Choice Whiskey is its flagship brand.
Allied Blenders & Distillers IPO: Allied Blenders & Distillers Ltd., the maker of Officer’s Choice whiskey, is going to bring its IPO. The company has filed a draft paper with the market regulator SEBI for this. The company wants to raise Rs 2000 crore through this IPO. According to the draft Red Herring Prospectus (DRHP), fresh shares worth Rs 1,000 crore will be issued under this IPO. In addition, shares worth Rs 1,000 crore will be sold under an offer for sale (OFS) by the promoter and promoter group entity of the company.
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As part of the OFS, Bina Kishore Chhabria will sell shares worth up to Rs 500 crore, while Resham Chhabria, Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares worth up to Rs 250 crore. At present, Bina holds 52.2 per cent, Neesha 19.96 per cent and Resham 24.05 per cent in the company. In addition, the company may consider pre-IPO placement of equity shares up to Rs 200 crore. If this placement is completed, the size of the new issue will be reduced. Funds raised through the IPO will be used for debt repayment and for general corporate purposes.
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Know about the company
- Allied Blenders and Distillers Limited is India’s third largest Indian Made Foreign Liquor (IMFL) manufacturer. Officers’ Choice Whiskey is its flagship brand, which is one of the best-selling brands worldwide.
- As of March 31, the company’s product portfolio includes 10 brands of Indian Made Foreign Liquor (IMFL) including Whisky, Brandy, Rum and Vodka.
- Some of the company’s leading brands include Officers’ Choice Whiskey, Sterling Reserve Whiskey, Jolly Roger Rum and Class 21 Vodka.
- ICICI Securities, Axis Capital, JM Financial, Kotak Mahindra Capital Company and Equirus Capital have been appointed as merchant bankers to manage the company’s IPO.