Allied Blenders IPO to raise Rs 250 cr.

by khalid on 29/08/2009 · 0 comments

Allied Blenders

Kishore Chhabria’s Allied Blenders & Distillers (ABD) will finally go ahead with its IPO to raise about Rs 250 crore for funding a part of its Rs 350 crore expansion plan which includes setting up of distilleries and launch of new brands. Besides this IPO the company will take bank loans for rest of the money.

ABD’s Officer’s Choice whisky is expected to sell about 12 million cases by the end of the current fiscal, which will make it part of the elite club of 11 other whisky brands which sell 12 million or more cases every year. Officer’s Choice whisky posted a growth of about 41 per cent last fiscal which was higher than the industry growth rate of about 18 per cent.

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