Allied Blenders to raise $300 mn via IPO next year

Allied Blenders sells spirits ranging from whiskey and rum to brandy and vodka across 29 countries.
  • Nusra Deputy Features Editor
Officers Choice Whisky

Owners of Officer’s Choice Whisky, Allied Blenders & Distillers Pvt., is planning to raise $300 million next year.

The Mumbai-based spirits manufacturer has initiated talks with advisers and is seeking a valuation of at least $2.5 billion, shares a report published in Bloomberg.

The company is planning to file preliminary documents as soon as the first quarter of 2022, the people aware of the matter said.

No final decision has been reached regarding the valuation or timing of the potential IPO, and Allied Blenders could still decide against proceeding with the plan, they said.

Allied Blenders sells spirits ranging from whiskey and rum to brandy and vodka across 29 countries.

It owns nine bottling units, one distilling facility and over 20 outsourced manufacturing sites, added the company website.

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