Key Points
The shares of Allied Blenders and Distillers listed on the exchanges on Tuesday with a premium of 14%..
The IPO, which was a combination of fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares, was subscribed over 20 times at close...
With a market share of over 8% in India made foreign liquor market by sales volumes in fiscal 2023, Allied Blenders and Distillers is engaged in the manufacturing, marketing and sale of alcoholic beverages in India and abroad..
While Allied Blenders boasts a strong brand presence, a diverse product portfolio, and an extensive panIndia distribution network, the company's financial performance has been volatile, characterized by low-profit margins and high debt levels, according to analysts...
"Additionally, the Indian Made Foreign Liquor (IMFL) industry faces intensifying competition, potential tax hikes, and a highly regulated environment," said Swastika Investmart...
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