Allied Blenders IPO review: Should you apply? Here's what Anil Singhvi suggests

Allied Blenders IPO review: The IPO of Allied Blenders and Distillers opened for subscription on June 25. The issue will be open for subscription for three trading days, i.e., until Thursday, June 27 from 10 am to 5 pm. Allied Blenders IPO is a book-built issue of Rs 1,500 crores and the issue is a combination of a fresh issue of 3.56 crore.

Allied Blenders IPO review: Avoid or Subscribe?

Zee Business Managing Editor Anil Singhvi suggested risk-taking investors apply with a long-term view minimum of two years in the issue. The market guru highlighted the following key points:

Positives:

• Experienced promoters & professionally managed company
• Strong leadership in IMFL business with strong brands
• Proceeds will fund debt repayment
• Premiumization may drive improved margins

Negatives:

• 96% reveneue comes from Wiskey segement
• Financial standards are not very impressive; EBITA and PAT are lower than industry standards
• Uncertainty due to different policies and taxes of states
• Valuation expensive

Here are important things to know about the Allied Blenders IPO

Allied Blenders IPO allotment date

The basis of the allotment of shares under the IPO of Allied Blenders is set to be finalised on Friday, June 28. 

Allied Blenders IPO listing date

The Allied Blenders IPO stock is likely to be listed in the secondary market on Tuesday, July 2. The stock will be traded on the bourses, BSE and NSE. Read more 

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