Tag Archives: Indian IPO

Alcobrew Distilleries Files DRHP with Sebi for ₹600-Crore IPO

Leave a reply
  • Founder to offload 18 million shares in OFS
  • Fresh issue proceeds earmarked for expansion and repayment/prepayment of borrowings

With its registered office at New Delhi- Alcobrew Distilleries India Ltd, the maker of whisky brands such as White & Blue and Golfer’s Shot, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a proposed initial public offering (IPO).
The IPO consists of a fresh issue of equity shares aggregating ₹258.26 crore and an offer for sale (OFS) of up to 18 million shares by promoter Romesh Pandita, the founder and chairman of the company. The equity shares carry a face value of ₹10 each. Other promoters include Veena Pandita and the Romesh Pandita Family Trust.
According to the DRHP, Alcobrew plans to utilise the net proceeds from the fresh issue for business expansion, Repayment/prepayment of borrowings, and general corporate purposes. As per regulatory guidelines, 50% of the issue will be reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.
Founded in 2002, Alcobrew Distilleries was converted into a public limited company in 2022. The Company manufactures, markets, and sells a wide range of alcoholic beverages, including whisky, vodka, and rum. Its brand portfolio spans premium and mass-market offerings such as Golden circle, Golfer’s Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka).
The company operates manufacturing units in Solan (Himachal Pradesh) and Dera Bassi (Punjab) with integrated distillation and bottling facilities. It has also built a robust distribution network supported by contract manufacturing arrangements, giving it a strong pan-India presence.
In addition to domestic operations, Alcobrew has been expanding its global footprint. The company currently exports to countries across Africa, Asia, and the Middle East,. It continues to scout new overseas markets to strengthen its position among India’s emerging liquor exporters.
On the financial front, Alcobrew reported consolidated revenue of ₹1,615.01 crore in FY25, compared to ₹1,640.11 crore in FY24 and ₹1,216.87 crore in FY23. Its profit after tax (PAT) rose to ₹69.45 crore in FY25, up from ₹62.55 crore in FY24 and ₹52.30 crore in FY23.
India’s alcoholic beverages market has been witnessing strong growth, fuelled by rising disposable incomes, premiumisation, and evolving consumer tastes. Industry experts believe Alcobrew’s diverse brand portfolio, integrated operations, and growing international presence position it well to tap this demand.
Motilal Oswal Investment Advisors is the book-running lead manager to the issue, while KFin Technologies will act as the registrar.

Allied Blenders and Distillers Limited gets SEBI nod for Rs 1500 crore IPO

Leave a reply

Indian-made foreign liquor (IMFL) maker Allied Blenders and Distillers (ABD) has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 1500 crore through an initial public offering (IPO). The Company had refiled its IPO papers with Sebi on January 15, 2024.

The shares are offered at a face value of Rs 2 and is a mix of fresh issue of up to Rs 1000 crore and an offer for sale of up to Rs 500 crore by Promoters and Promoter Group. The offer for sale comprises up to Rs 250 crore by Bina Kishore Chhabria, Rs 125 crore by Resham Chhabria Jeetendra Hemdev and Rs 125 crore by Neesha Kishore Chhabria. It also includes a reservation for subscription by eligible employees. The proceeds from its fresh issuance to the extent of Rs 720 crore will be utilized for prepayment or scheduled re-payment of a portion of debt and for general corporate purposes. 

A press release from the company said that in consultation with the book-running lead managers, it may go for a preferential issue or any other method for a consideration aggregating up to Rs 200 crore as “Pre-IPO placement”. If such placement is completed, the issue size will be reduced.

ABD’s brand  Officer’s Choice Whisky in the mass premium segment has a market share of 11.8% in Fiscal 2023 in the Indian whisky market, highlighting their strong position as a leading exporter of IMFL.

Over the years, ABD has expanded and introduced products across various categories and segments. Allied Blenders and Distillers have successfully leveraged their strength in the popular segment to launch successful brands in both prestige and premium segments. The company has shifted its focus from mass whisky segment to premiumization, with the launch of brands like ICONiQ White Whisky, Srishti Whisky, and X&O Barrel Whisky.

ICONiQ White Whisky touched 2 million cases in its first year of launch. Additionally, in January 2024, ABD introduced Zoya Special Batch Premium Gin, further expanding their product offerings beyond whisky.

The Company has a nationwide sales and distribution network spanning 30 states and union territories, with products available in 79,329 outlets. As of August 31, 2023, their product portfolio comprised 17 major brands of IMFL across whisky, brandy, rum, and vodka.

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited, are the book-running lead managers, and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.