Allied Blenders IPO vs ASK Automotive IPO

Comparision between Allied Blenders IPO and ASK Automotive IPO.

IPO Details

Allied Blenders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ASK Automotive IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Allied Blenders IPO	ASK Automotive IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Nuvama Wealth Management Limited Iti Capital Ltd	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Allied Blenders IPO is up to ₹1,500.00 Cr whereas the issue size of the ASK Automotive IPO is up to ₹834.00 Cr. The final issue price of Allied Blenders IPO is ₹281.00 per share and of ASK Automotive IPO is ₹282.00 per share.

	Allied Blenders IPO	ASK Automotive IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹267.00 per share	₹268.00 per share
Issue Price (Upper)	₹281.00 per share	₹282.00 per share
Issue Price (Final)	₹281.00 per share	₹282.00 per share
Discount (Retail)
Discount (Employee)	₹26.00 per share
Market Lot Size	53 shares	53 shares
Fresh Issue Size	3,55,87,189 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr
OFS Issue Size	1,77,93,594 shares	2,95,71,390 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹834.00 Cr
Issue Size Total	5,33,80,783 shares	2,95,71,390 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹834.00 Cr

IPO Timetable

Allied Blenders IPO opens on Jun 25, 2024, while ASK Automotive IPO opens on Nov 07, 2023. The closing date of Allied Blenders IPO and ASK Automotive IPO is Jun 27, 2024, and Nov 09, 2023, respectively.

	Allied Blenders IPO	ASK Automotive IPO
Anchor Bid Date	Jun 24, 2024	Nov 06, 2023
Issue Open	Jun 25, 2024	Nov 07, 2023
Issue Close	Jun 27, 2024	Nov 09, 2023
Basis Of Allotment (Tentative)	Jun 28, 2024	Nov 10, 2023
Initiation of Refunds (Tentative)	Jul 01, 2024	Nov 10, 2023
Credit of Share (Tentative)	Jul 01, 2024	Nov 13, 2023
Listing date (Tentative)	Jul 02, 2024	Nov 15, 2023
Anchor Lockin End date 1	Jul 28, 2024	Dec 10, 2023
Anchor Lockin End date 2	Sep 26, 2024	Feb 08, 2024

Financials

Allied Blenders IPO P/E ratio is 4284.57, as compared to ASK Automotive IPO P/E ratio of 45.63.

Allied Blenders IPO

ASK Automotive IPO

Financial

Allied Blenders and Distillers Limited Financial Information (Restated Consolidated)

Allied Blenders and Distillers Limited's revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,741.39	2,487.70	2,248.35	2,298.57
Revenue	5,914.98	7,116.75	7,208.17	6,397.81
Profit After Tax	4.23	1.60	1.48	2.51
Net Worth	409.26	406.10	404.10	381.78
Reserves and Surplus	360.43	357.28	356.99	327.85
Total Borrowing	798.11	780.82	846.91	954.74
Amount in ₹ Crore

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.21%

100%

Promoter Shareholding (Post-Issue)

80.91%

P/E Ratio

4284.57

45.63

Market Cap

₹7859.59 Cr.

₹5559.00 Cr.

ROE

1.03%%

ROCE

24.35%%

Debt/Equity

1.88

0.49

EPS

₹0.07

₹6.18

RoNW

1.03%%

19.10%%

Shares Offered

In the Allied Blenders IPO retail investors (RII) are offered 1,86,45,907 shares while in ASK Automotive IPO retail investors are offered 1,86,45,907 shares. Qualified institutional buyers (QIB) are offered 1,06,54,804 shares in Allied Blenders IPO and 59,14,278 shares in ASK Automotive IPO.

	Allied Blenders IPO	ASK Automotive IPO
Anchor Investor Reserveration	1,59,82,206 shares	88,71,416 shares
Market Maker Reserveration
QIB	1,06,54,804 shares	59,14,278 shares
NII	79,91,103 shares	44,35,709 shares
RII	1,86,45,907 shares	1,03,49,987 shares
Employee	1,17,647 shares	0 shares
Others
Total	3,72,91,814 shares	2,06,99,974 shares

Bids Received (Subscription)

Allied Blenders IPO subscribed 24.85x in total, whereas ASK Automotive IPO subscribed 51.14x.

	Allied Blenders IPO	ASK Automotive IPO
QIB (times)	53.01x	142.41x
NII (times)	34.09x	35.47x
Big NII (times)	39.76x	41.13x
Small NII (times)	22.75x	24.16x
RII (times)	4.73x	5.70x
Employee (times)	10.44x
Other (times)
Total (times)	24.85x	51.14x

Compare with others

Allied Blenders IPO	ASK Automotive IPO
Motisons Jewellers IPO	Allied Blenders IPO
Mukka Proteins IPO	Flair Writing IPO
Happy Forgings IPO	IREDA IPO
Muthoot Microfin IPO	Fedbank Financial Services IPO
DOMS IPO	Gandhar Oil Refinery India IPO
Flair Writing IPO	ESAF Small Finance Bank IPO
IREDA IPO	Cello World Limited IPO
Fedbank Financial Services IPO	Mamaearth IPO
Gandhar Oil Refinery India IPO	Blue Jet Healthcare IPO
ASK Automotive IPO	Protean eGov Technologies IPO

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