Largest Indian Owned IMFL Co, Allied Blenders and Distillers gets SEBI nod for Rs 2000 crore IPO

ABD India (Allied Blenders and Distillers)

MUMBAI, 19 DECEMBER, 2022 (GPN): ABDs sales and distribution footprint spans across 25 states and union territories. Its products are retailed across 64,000 outlets as stated in the DRHP.

Allied Blenders and Distillers’ revenue from operations stood at Rs 6378.78 crore for Fiscal 2021, and profit after tax at Rs 2.51 crore. For nine month ending December 2021, revenue from operations stood at Rs 5444.98 crore and profit after tax at Rs 3.30 crore.

For Fiscal 2021, and in the nine months ended December 31, 2021, its revenues from export sales were ₹ 133.55 crore and ₹ 113.24 crore, respectively.

IMFL is the largest segment of Indian alco-beverage market both in volume and value terms.  IMFL sales by value is estimated at ₹ 1.74 trillion in Fiscal 2022 and projected to reach ₹ 2.4 trillion by Fiscal 2025 and in terms of sales volume it is estimated to reach 425 cases. During the period between Fiscal 2022 and Fiscal 2025, IMFL sales value is expected to grow at a CAGR of 11.3% and sales volume at a CAGR of 6.2%.

ICICI Securities Limited, Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Equirus Capital Private Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.Ends

Sebi Link: https://www.sebi.gov.in/filings/processing-status/dec-2022/processing-status-issues_59558.html

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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