1.Company Information
Incorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.
The Officer's Choice Whisky was introduced in 1988 as the company's foray into the mass premium whisky market. It is one of the most-selling whisky brands in the world in terms of annual sales volumes from 2016 to 2019As of December 31, 2021, the company's products were exported to 22 international markets, including the Middle East, North and South America, Africa, Asia, and Europe.
The company owns and operates a distillery in Rangapur, Telangana, which is spread over 74.95 acres and has a built-up area of over 25,000 square meters. The company's in-house distillation capacity of extra neutral alcohol (ENA), the key material used in manufacturing its products, is 54.75 million litres annually. The company also have extensive bottling capabilities across India. As of December 2022, Allied Blenders relied on 30 bottling facilities, including those owned and operated by them, and contract bottling facilities, both exclusive and non-exclusive, for bottling its products.
2. Objects of the Issue (Allied Blenders IPO Objectives)
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. 1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company and
2.General corporate purposes.
3.Allied Blenders IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email:abdl.ipo@linkintime.co.in
Website:https://linkintime.co.in/initial_offer/public-issues.html