Allied Blenders IPO vs Flair Writing IPO

Comparision between Allied Blenders IPO and Flair Writing IPO.

IPO Details

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

	Allied Blenders IPO	Flair Writing 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	Nuvama Wealth Management Limited Axis Capital Limited
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 Flair Writing IPO is up to ₹593.00 Cr. The final issue price of Allied Blenders IPO is ₹281.00 per share and of Flair Writing IPO is ₹304.00 per share.

	Allied Blenders IPO	Flair Writing IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹267.00 per share	₹288.00 per share
Issue Price (Upper)	₹281.00 per share	₹304.00 per share
Issue Price (Final)	₹281.00 per share	₹304.00 per share
Discount (Retail)
Discount (Employee)	₹26.00 per share
Market Lot Size	53 shares	49 shares
Fresh Issue Size	3,55,87,189 shares	96,05,263 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹292.00 Cr
OFS Issue Size	1,77,93,594 shares	99,01,315 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹301.00 Cr
Issue Size Total	5,33,80,783 shares	1,95,06,578 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹593.00 Cr

IPO Timetable

Allied Blenders IPO opens on Jun 25, 2024, while Flair Writing IPO opens on Nov 22, 2023. The closing date of Allied Blenders IPO and Flair Writing IPO is Jun 27, 2024, and Nov 24, 2023, respectively.

	Allied Blenders IPO	Flair Writing IPO
Anchor Bid Date	Jun 24, 2024	Nov 21, 2023
Issue Open	Jun 25, 2024	Nov 22, 2023
Issue Close	Jun 27, 2024	Nov 24, 2023
Basis Of Allotment (Tentative)	Jun 28, 2024	Nov 29, 2023
Initiation of Refunds (Tentative)	Jul 01, 2024	Nov 30, 2023
Credit of Share (Tentative)	Jul 01, 2024	Nov 30, 2023
Listing date (Tentative)	Jul 02, 2024	Dec 01, 2023
Anchor Lockin End date 1	Jul 28, 2024	Dec 29, 2023
Anchor Lockin End date 2	Sep 26, 2024	Feb 27, 2024

Financials

Allied Blenders IPO P/E ratio is 4284.57, as compared to Flair Writing IPO P/E ratio of 23.36.

Allied Blenders IPO

Flair Writing 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

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% 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	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.21%

97.49%

Promoter Shareholding (Post-Issue)

80.91%

79.21%

P/E Ratio

4284.57

23.36

Market Cap

₹7859.59 Cr.

₹3204.00 Cr.

ROE

1.03%%

31.17%%

ROCE

24.35%%

31.24%%

Debt/Equity

1.88

0.26

EPS

₹0.07

₹12.33

RoNW

1.03%%

31.17%%

Shares Offered

In the Allied Blenders IPO retail investors (RII) are offered 1,86,45,907 shares while in Flair Writing 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 39,01,316 shares in Flair Writing IPO.

	Allied Blenders IPO	Flair Writing IPO
Anchor Investor Reserveration	1,59,82,206 shares	58,51,972 shares
Market Maker Reserveration
QIB	1,06,54,804 shares	39,01,316 shares
NII	79,91,103 shares	29,25,987 shares
RII	1,86,45,907 shares	68,27,302 shares
Employee	1,17,647 shares	0 shares
Others
Total	3,72,91,814 shares	1,36,54,605 shares

Bids Received (Subscription)

Allied Blenders IPO subscribed 24.85x in total, whereas Flair Writing IPO subscribed 49.28x.

	Allied Blenders IPO	Flair Writing IPO
QIB (times)	53.01x	122.02x
NII (times)	34.09x	35.23x
Big NII (times)	39.76x	36.53x
Small NII (times)	22.75x	32.61x
RII (times)	4.73x	13.73x
Employee (times)	10.44x
Other (times)
Total (times)	24.85x	49.28x

Compare with others

Allied Blenders IPO	Flair Writing IPO
Motisons Jewellers IPO	Mukka Proteins IPO
Mukka Proteins IPO	Happy Forgings IPO
Happy Forgings IPO	Muthoot Microfin IPO
Muthoot Microfin IPO	DOMS IPO
DOMS IPO	Allied Blenders IPO
Flair Writing IPO	IREDA IPO
IREDA IPO	Fedbank Financial Services IPO
Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Gandhar Oil Refinery India IPO	ASK Automotive IPO
ASK Automotive IPO	ESAF Small Finance Bank IPO

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