June 25, 2024 - June 27, 2024

Allied Blenders IPO Review & Recommendations

BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd and SBICAP Securities Limited have given "Apply" recommendation to Allied Blenders IPO. Anand Rathi and Indsec Securities have given "May Apply" recommendation to Allied Blenders IPO. Capital Market has "Neutral" view about the IPO. Dilip Davda and Swastika Investmart Ltd recommend to "Avoid" the IPO.Ashika Research, Axis Capital, Elara Capital Ltd and HDFC Securities Limited have "Not Rated" the IPO.

Allied Blenders IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	3	2	1	2	4
%	25.00	16.67	8.33	16.67	33.33

Allied Blenders IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	May Apply
Ashika Research	Not Rated
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	Avoid
Elara Capital Ltd	Not Rated
HDFC Securities Limited	Not Rated
Indsec Securities	May Apply
SBICAP Securities Limited	Apply
Swastika Investmart Ltd	Avoid

Allied Blenders IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Allied Blenders IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

Allied Blenders IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is one of the leading player in IMFL segment. It marked negligible profits for the reported periods and makes its IPO priced exorbitantly on P/E basis. The management is hopeful of matching the net margin levels with its listed peers in coming two years. Currently the company is posting a very thin margins. Thus it’s a pure long term story. There is no harm in skipping this pricey issue that is discounting all near term positives. Read detail review...

Allied Blenders IPO Peer Comparison

Allied Blenders and Distillers Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Allied Blenders and Distillers Limited	0.07	0.07	16.64	4,284.57	0.39	17.73	Consolidated
United Spirits Ltd.	16.01	16.01	82.48	73.16	18.76	14.20	Consolidated
Radico Khaitan Ltd.	16.48	16.48	165.13	95.87	9.98	9.57	Consolidated
Globus Spirits Ltd.	42.43	42.39	307.83	17.26	13.78	2.38	Consolidated

Sourced from the Restated Consolidated Financial Information.

Notes

Diluted EPS refers to the Diluted EPS sourced from the annual report of the peers for the year ended March 31, 2023
P/E Ratio has been computed based on the closing market price of equity shares on May 30, 2024 at NSE, divided by the Diluted EPS provided under Note 1 above.
Return on Net Worth is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth has been computed as sum of paid-up share capital and other equity, as of March 31, 2023.
Net Asset Value is computed as the closing net worth as of March 31, 2023 divided by the closing outstanding number of equity shares as of September 30, 2023.
Listed Peers are as identified by the management.
All the financial information for the listed industry peer mentioned above is on a consolidated/standalone basis and is sourced from the audited financial results of the company for the year ended March 31, 2023, available on the website of BSE.

Allied Blenders IPO Review by Members

Allied Blenders IPO Reviews, analysis and views by popular members. Read Allied Blenders and Distillers Limited IPO reviews by retail investors to find recommended ipo to buy.

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Allied Blenders IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	1	0	2
%	40.00	20.00	0.00	40.00

Member	Review
Professōr Top Contributor (500+ Posts, 100+ Likes)	Apply for Listing Gain at Upper Price Band 20-30% listing gain possible. \| June 26, 2024 8:46:28 PM
Vinaytap	Apply for Listing Gain at Upper Price Band Fully agreed \| June 24, 2024 6:47:15 PM
Dhanvantri	May Apply for Listing Gain at Upper Price Band Profit after tax for last three years 1-3 crores debt js just double to reserve.Not so attractive issue after clearing debt from ipo on long run it will make considerable profit.Presently pressure upon profit. May Apply for listing gain if any. \| June 22, 2024 12:54:24 AM
chIPOrgarh (200+ Posts)	Avoid Falling revenue. 2019 was 8934.6 cr but 2023 is 7105.7 cr. More than 50% of revenue goes to Govt. Company unlikely to give dividend on paltry profits. No guarantee that company will remain debt-free post IPO. \| June 20, 2024 10:45:06 AM
Honey Bear	Avoid Face value-Rs 2/- Profit-2.8 crore only Debt- 736 crore Liquor company with these figure?? Shakes the confidence!! \| June 19, 2024 3:14:56 PM

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