Allied Blenders IPO opens: Is Officer's Choice whiskey maker worth bidding?

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Allied Blenders IPO opens: Is Officer's Choice whiskey maker worth bidding? - Business Standard

Quick Summary:

Allied Blenders & Distillers Ltd.raised Rs 449.10 crore from anchor investors on June 24.

The company has P/E ratio is 1,405 times its FY24 annualised earnings, with a market capitalization of Rs 7,859.6 crore after the issuance of equity shares and a market cap-to-sales ratio of 0.99 times its FY24 annualised earnings.

The company has allocated up to 50 per cent of the shares for Qualified Institutional Buyers (QIBs), at least 35 per cent for retail buyers, and a minimum of 15 per cent for Non-Institutional Investors (NIIs).