Officer’s Choice maker files for a ₹2,000 cr IPO banking on more people hitting alcohol eligible ageBusiness Insider India • over 1 year agoAllied Blenders & Distillers has filed draft papers with SEBI to raise ₹2,000 crore from the public. It consists of a fresh issue of ₹1,000 crore and an offer for sale by promoters of shares worth ₹1,000 crore. Some amount of the IPO money will be used to repay debt and rest will be for general corporate purposes.Allied Blenders and Distillers, an Indian spirits company and maker of alcohol products like Officer's Choice Whisky, Sterling Reserve, Officer’s Choice Blue and others, has filed a DRHP with the markets regulator SEBI for a ₹2,000 crore IPO. The company sells alcoholic beverages in India and abroad with a wide range like whiskey, rum, brandy and vodka across 29 countries. It owns nine bottling units, one distilling facility and over 22 outsourced manufacturing sites. It faces co
