28 Jun 2024

Allied Blenders - IPO Analysis

5 Things to know about: 1. IPO is open from 25th June to 27th June with the Price band of 267-281 per share. With the Issue size of 1500 crores out of which 1000 is for the fresh issue and 500 will be for Offer for sale and it will be listed on both NSE & BSE 2. It is the 3rd largest, Indian-owned Indian-made foreign liquor (“IMFL”) company in terms of annual sales volume with the market share of 11.8% in the indian whisky market. 3. There are 2 main reasons for this Issue, a) Prepayment and scheduled repayment of outstanding borrowings b) For General Corporate Purposes. 4. Company's financials are average and with stable growth rate and less Profit margin due to high expenses. however, company is profitable with an EPS of 0.07Rs per share. 5. Company Major competitor's are United Spirits, Radico Khaitan, Globus Spirits Limited, which are well postioned in the market, In terms of both, Market share and Financials. Source - ipowatch