Allied Blenders and Distiller files for IPO
News: Allied Blenders and Distillers has filed the draft prospectus for an initial public offering to raise Rs 2000 crore. The company will sell new shares of up to Rs 1000 crore while promoters and some shareholders will sell existing shares in an offer for sale (OFS) of another Rs1000 crore. Its 9MFY22 revenue, PAT was at Rs 5445 crore, Rs 3 crore, respectively, with market share of 8.2% by sales volume.
Views: Allied Blenders is the third-largest IMFL maker in India and the largest domestic player in terms of annual sales volumes. It is one of the only four spirits companies in India with pan-India sales and distribution footprint and leading exporter of IMFL.