Allied Blenders, one of the leading spirits companies in India, has made a remarkable move by mopping up a whopping ₹449 crore from anchor investors. This move has not only garnered attention in the financial market but has also raised the bar for the company’s growth and expansion plans.
The company, which is known for its popular brands like Officer’s Choice and Sterling Reserve, has successfully raised the amount through its initial public offering (IPO). The anchor investors, who are known for their strategic investments in companies, have shown immense trust and confidence in Allied Blenders by investing in its IPO.
The anchor investors include prominent names such as Goldman Sachs, Morgan Stanley, Nomura, and SBI Mutual Fund, among others. This impressive list of investors has not only added credibility to the company but has also given a strong signal to the market about the potential of Allied Blenders.
The company has allotted a total of 1.21 crore shares to the anchor investors at a price of ₹118 per share. This price is at the upper end of the price band of ₹115-118 per share, which was set by the company for its IPO. This clearly shows the demand and interest of the anchor investors in the company’s shares.
The funds raised from the anchor investors will be used by Allied Blenders to expand its production capacity, increase its distribution network, and strengthen its presence in the market. This move is in line with the company’s vision of becoming the leading spirits company in India.
The success of the IPO can also be attributed to the company’s strong financial performance and its growth trajectory. In the last fiscal year, Allied Blenders reported a revenue of ₹6,000 crore, which is a growth of 15% from the previous year. The company’s net profit also increased by 20% to ₹500 crore in the same period.
The company’s strong performance can be attributed to its focus on innovation, quality, and customer satisfaction. Allied Blenders has been constantly introducing new products and flavors to cater to the changing preferences of consumers. Its brands have also received numerous awards and accolades for their quality and taste.
Moreover, the company’s customer-centric approach has helped it to build a loyal customer base, which has been a key factor in its success. With its wide range of products and strong distribution network, Allied Blenders has been able to reach out to a large number of consumers across the country.
The success of the IPO is also a testament to the company’s strong leadership and management team. The company’s founder and chairman, Kishore Chhabria, has been instrumental in shaping Allied Blenders into a successful and trusted brand. His vision and strategic decisions have played a crucial role in the company’s growth and success.
In conclusion, Allied Blenders’ move to mop up ₹449 crore from anchor investors is a significant milestone in its journey towards becoming the leading spirits company in India. The trust and confidence shown by the anchor investors is a testament to the company’s strong financial performance, customer-centric approach, and strong leadership. With this infusion of funds, Allied Blenders is all set to take its growth and expansion plans to the next level and continue to delight its customers with its innovative and high-quality products.
