Allied Blenders & Distillers Limited

Allied Blenders and Distillers Limited is an Indian manufacturer and marketer of alcoholic beverages, primarily Indian Made Foreign Liquor spanning whisky, brandy, rum and vodka, alongside packaged drinking water. Its flagship label is Officer's Choice Whisky, and the group has built a portfolio of high volume brands that each sell in excess of a million cases a year. The company was incorporated in 2008, though its Officer's Choice brand dates back to 1988. It operates an integrated distillery at Rangapur in Telangana, spread across roughly 75 acres with an extra neutral alcohol production capacity of about 54.75 million litres a year, and works with a network of around 30 bottling units across the country. A pan India commercial footprint, run through a dozen regional sales offices, supports distribution into most states. The business is controlled by the Chhabria family, led by Kishore Rajaram Chhabria, together with related family members and holding entities. It competes with other listed Indian liquor makers such as United Spirits, Radico Khaitan and Globus Spirits. Its growth strategy centres on premiumising the whisky portfolio, expanding owned manufacturing to reduce reliance on third party bottlers, and widening reach in state markets where liquor sales run through government tenders.

Ahead of the issue, anchor investors were allotted shares worth approximately Rs 449 crore at the cap price of Rs 281 per share. Participants included Nippon Life India, JM Financial Mutual Fund, LIC Mutual Fund, Goldman Sachs, BNP Paribas, Societe Generale and several other domestic and overseas institutional investors.