Mumbai Indian Made Foreign Liquor (IMFL) maker Allied Blenders & Distillers on Tuesday filed a draft prospectus for the initial public offering. 2,000 crores.
The company will sell new shares up to 1,000 crore while the promoters and some shareholders will sell the existing shares in the offer for sale (OFS) of others 1,000 crores. OFS includes sale up to Bina Kishore Chhabria 500 crore, Resham Chhabria to up Jeetendra Hemdev 250 crores, and till Neesha Kishore Chhabria 250 crores.
Out of the proceeds of the latest issue, 708.98 crore will be used for prepayment or scheduled repayment of a part of certain outstanding borrowings and balance amount for general corporate purposes.
Mumbai-based Allied Blenders is the third largest IMFL manufacturer in India and the largest Indian-owned in terms of annual sales volume. It is one of only four spirits companies in India with a pan-India sales and distribution footprint, and is a major exporter of IMFL in terms of annual sales volume between FY 2019 to FY 2021, with an estimated 20% share. Is. Fiscal 2021.
The company began its journey in 1988 with the launch of the flagship brand Officers Choice Whiskey, which forayed into the premium whiskey segment in a big way. Over the years, ABD has expanded and introduced products across various categories and segments and has established market leadership in the alcoholic beverages market in India with a market share of 8.2 per cent in the IMFL market by sales volume in FY 2021. Is. Its main competitor is United Spirits Limited. , Pernod Ricard India Pvt. Ltd. and Radico Khaitan Ltd.
As of March 31, its product portfolio included 10 major IMFL brands in Whisky, Brandy, Rum and Vodka.
The revenue of blenders and distillers associated with the operation was 6,378.78 crore for FY 2021, and profit after tax 2.51 crores. For the nine months ending December 2021, revenue from operations remained on 5,444.98 crore and profit after tax 3.30 crores.
ICICI Securities, Axis Capital, JM Financial, Kotak Mahindra Capital and Equirus Capital are advising the company on its IPO.