ABDL

** Shares of Allied Blenders ALLE.NS rise 3.75% to 332 rupees

** The liquor maker gets approval from the state of Telangana to increase its production capacity by 1.5 million bulk litres

** The production increase will add to the existing capacity of 60 million bulk litres and will not require additional investment since the requisite infrastructure is in place, says ALLE

** Shares of ALLE are down 23% in 2025 so far and are just 3.75% above the listing price of 320 rupees on July 2, 2024, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 21 (Reuters) - Allied Blenders and Distillers Ltd ALLE.NS:

• ALLIED BLENDERS AND DISTILLERS - GETS NOD TO INCREASE PRODUCTION CAPACITY BY 1.5 MILLION BULK LITRES

Source text: ID:nBSE7ljqrg

Further company coverage: ALLE.NS

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Jan 29 (Reuters) - Allied Blenders and Distillers Ltd ALLE.NS:

• APPROVES ACQUISITION OF 51% STAKE IN GOOD BARREL DISTILLERY

• COST OF ACQUISITION IS 90 MILLION RUPEES

Source text: ID:nNSE4F9yhs

Further company coverage: ALLE.NS

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** Whisky maker Allied Blenders and Distillers ALLE.NS gains 2.8% to 404.4 rupees

** Systematix Institutional Equities initiates with "buy"; sets TP of 502 rupees, a 27.6% premium to last close

** Says ALLE's strong manufacturing and distribution supported by backward integration and premiumisation of products to drive strong growth and profitability

** Estimates 12.6% rev CAGR over FY24-27

** Adds ALLE's ICONIQ White spirit brand set to achieve annual run rate of 4.5 mln-5 mln cases in FY25 vs year-ago 2.3 mln cases

** Systematix second brokerage to cover stock; ICICI Securities ICCI.NS has "buy", TP of 500 rupees - LSEG

** ALLE gains 26.4% since debut on July 2, 2024

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Indian whisky maker Allied Blenders and Distillers ALLE.NS rise as much as 3.8% to hit record high of 422.4 rupees; last up 2.4%

** Over 1 mln shares changed hands in a block deal at 412 rupees apiece - LSEG data

** Deal at premium on last closing price of 406.8 rupees

** Overall 2.7 mln shares traded, 3.4x the 30-day avg

** ALLE up ~30% since trading debut on July 2

(Reporting by Manvi Pant in Bengaluru)

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** Allied Blenders and Distillers ALLE.NS is well-positioned to capture the premiumisation trend in the alcohol-beverages sector by launching new luxury products, ICICI Securities says

** Stock last up 2% to 329.5 rupees

** Brokerage initiates coverage on the liquor-maker with a "buy" rating at TP of 400 rupees

** ABD working to drive market share gains for the 'Officer's Choice Whisky' brand in affordable premium category, brokerage says

** Co is boosting profitability by focusing on states with higher margins and reducing efforts in less profitable ones - ICICI

** Says ABD's strong distribution network, manufacturing capabilities allowed it to garner significant share of mass premium market

** ABD operates in a highly regulated market with pricing and cost challenges but leverages its premiumisation strategy to drive net sales value per case and margin growth - ICICI

(Reporting by Aleef Jahan in Bengaluru)

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Nov 20 (Reuters) - Allied Blenders and Distillers Ltd ALLE.NS:

• GOT DEMAND FOR EXCISE DUTY AMOUNTING TO 52.3 MILLION RUPEES

Further company coverage: ALLE.NS

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Oct 29 (Reuters) - Allied Blenders and Distillers Ltd ALLE.NS:

• ALLIED BLENDERS AND DISTILLERS - SETTING UP PLANT IN TELANGANA FOR 750 MILLION RUPEES

• ALLIED BLENDERS AND DISTILLERS - APPROVED CAPACITY EXPANSION PLAN AT AURANGABAD FOR 2.4 BILLION RUPEES

Source text: ID:nNSE8qg8Lw

Further company coverage: ALLE.NS

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Sept 4 (Reuters) - Allied Blenders and Distillers Ltd ALLE.NS:

• ALLIED BLENDERS AND DISTILLERS - ACQUISITION OF MAJORITY STAKE OF A NEW COMPANY

• ALLIED BLENDERS AND DISTILLERS - MAJORITY STAKE ACQUIRED IN COLLABORATION WITH OH FIVE OH TALENT

• ALLIED BLENDERS AND DISTILLERS - COST OF ACQUISITION 700 MILLION RUPEES

• ALLIED BLENDERS AND DISTILLERS - NEW ENTITY WILL BE A PART OF ALCOHOLIC BEVERAGES INDUSTRY

Source text for Eikon: ID:nBSE7jy9np

Further company coverage: ALLE.NS

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** Shares of Vraj Iron and SteelVRAJ.NS jump 21.7% at 252 rupees on first day of trading

** VRAJ, which makes sponge iron and TMT bars, opened at 240 rupees, a near 16% premium to IPO price of 207 rupees

** VRAJ's IPO -- of fresh shares worth 1.71 bln rupees ($20.5 mln) -- was oversubscribed 119x, per exchange data

** VRAJ to use proceeds for plant expansion, other general costs

** Co's profit jumped nearly 90%, while its rev rose 24.5% in year-ended March, 2023

** Allied Blenders and Distillers ALLE.NS rose nearly 13% in its debut on Tuesday


($1 = 83.5025 Indian rupees)

(Reporitng by Nishit Navin)

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BENGALURU, July 2 (Reuters) - Shares of Indian whisky maker Allied Blenders and Distillers ALLE.NS climbed 13.9% in pre-open debut trade on Tuesday, valuing the company - which makes the 'Officer's Choice' and 'Sterling Reserve' brands of whiskies - at 78.12 billion rupees ($935.2 million).

The stock listed at 320 rupees on the National Stock Exchange, compared with its offer price of 281 rupees.

($1 = 83.5370 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Janane Venkatraman )

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** Shares of Stanley Lifestyles STAY.NS rise 31.6% in market debut to 485.55 rupees

** The luxury furniture co opened at 494.95 rupees, a 34% premium to IPO price of 369 rupees

** Co raised 2 bln rupees ($24 mln) in IPO via fresh issue of shares and 18.3 bln rupees from offer for sale of shares - prospectus

** STAY's IPO was subscribed 97x, per exchange data

** Co to utilise IPO proceeds for investment to open new stores and to purchase new machinery and equipment

** This week, DEE Development Engineers DEEV.NS, Akme Fintrade AKMF.NS surged 66% and 11% in debut trade, respectively

($1 = 83.4600 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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By Kashish Tandon

BENGALURU, June 27 (Reuters) - Indian whisky maker Allied Blenders and Distillers' ALLE.NS $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market.

The IPO, the first by an alcohol company since Sula Vineyards' SULA.NS in 2022, received bids for 924.9 million shares, worth up to $3.12 billion and about 23 times the 39.4 million shares on offer, exchange data showed.

In contrast, all the four previous IPOs on the main exchange this month, including engineering firm DEE Development Engineers DEEV.NS, were oversubscribed by around hundred times.

Most of the bids came in the final hours of bidding on Thursday, with institutional buyers bidding for 50 times the shares allotted, while retail investors bid for about four times the allotment.

Allied Blenders, which sells 'Officer's Choice' and 'Sterling Reserve' whisky, is going public in a booming Indian IPO market.

A total of 129 companies have raised $4.32 billion in IPOs so far this year, more than double the amount raised by this time last year, per LSEG data, with the domestic equity market at an all-time high on the prospect of healthy economic growth.

Allied Blenders faces stiff competition in India's $33 billion spirits market, including from Radico Khaitan's RADC.NS 'Rampur Whisky' and Diageo-owned United Spirits' UNSP.NS 'Johnnie Walker' and 'Black Dog'.

The company's share of the premium portfolio is relatively lower than its peers, meaning its growth rates may not be that strong, said Karan Taurani, an analyst at Elara Capital.

Taurani does not expect the stock to rise much when it makes its market debut.

Allied Blenders ranked third in terms of whisky sales in India in fiscal 2023, according to its prospectus, trailing United Spirits and 'Chivas Regal'-maker Pernod Ricard PERP.PA.

Its core profit (EBITDA) margin is also less peers', Taurani noted.

Anchor investors, including domestic mutual funds, had already subscribed to shares worth 4.5 billion rupees.

The offer included a fresh issue worth 10 billion rupees, while co-chairperson Bina Chhabria and vice chairperson Resham Chhabria Hemdev were seeking to up to 5 billion rupees in stock.

($1 = 83.5850 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)

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BENGALURU, June 21 (Reuters) - Indian education loan financier Avanse Financial Services (AFS) filed draft papers on Friday with the country's markets regulator for an initial public offering (IPO) worth 35 billion rupees ($419 million).

The Warburg Pincus-backed non-banking financial services provider is raising up to 10 billion rupees by issuing new shares, while existing shareholders are offloading shares worth 25 billion rupees in the float, its prospectus showed.

Olive Vine Investment is selling shares worth up to 17.58 billion rupees, while International Finance Corporation and Kedaara Capital Growth Fund III will sell shares worth 3.42 billion rupees and 4 billion rupees, respectively.

Avanse, which provides products like education loans and growth capital for education institutions, said it aimed to use the net proceeds to meet its future capital requirements for the growth of its business and assets.

AFS competes with HDFC Credila Financial Services, which plans to raise 27 billion rupees via fresh issue, as per reports.

India's HDFC Bank HDBK.NS completed the sale of its stake in HDFC Credila for 95.53 billion rupees to private equity firms BPEA EQT and ChrysCapital in March.

Kotak Mahindra, Avendus Capital, J.P. Morgan, Nomura Financial Advisory and Securities, Nuvama Wealth Management and SBI Capital Markets are the book-running lead managers to the issue, Avanse said.

India has smashed records at home and globally with the number of IPOs filed in recent months, with South Korean carmaker Hyundai Motor's 005380.KS India unit and liquor company Allied Blenders and Distillers making public offerings earlier this month.

($1 = 83.6070 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Sohini Goswami)

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