Investors are not paying any price for the IPO of liquor company Allied Blenders, Brij Iron got filled 3 times on the first day itself

IPO to List Next Week :Next week, 2 IPOs are going to be listed in the stock market on BSE and NSE. These include the IPOs of Allied Blenders and Vraj Iron and Steel. Today is the second day of the issue of Allied Blenders and it will be listed on July 2. Whereas today is the first day of the issue of Vraj Iron and Steel and it is to be listed on July 3. The grey market is indicating a strong listing of both the stocks, but in terms of subscription, the IPO of liquor manufacturing company Allied Blenders has lagged behind the IPO of Vraj Iron and Steel.

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Allied Blenders Subscription Status

Allied Blenders and Distillers IPO is getting a sluggish response (Allied Blenders IPO Subscription Status). This IPO has been subscribed 1.24 times till 3:30 pm on its second day. 35 percent of the IPO is reserved for retail investors and it has been filled 1.47 times so far. While 50 percent quota is reserved for qualified institutional buyers and it has been filled only 10 percent so far. At the same time, 15 percent of this IPO is reserved for non-institutional investors and it has been filled 2.14 times so far. The reserved portion for employees has been filled 4.86 times.

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Vraj Iron & Steel Subscription Status

Investors have given a good response to the IPO of Vraj Iron and Steel (Vraj Iron and Steel IPO Subscription Status). This IPO has been subscribed nearly 3 times by 3:30 pm on its first day. 35 percent of the IPO is reserved for retail investors and it has been subscribed 4.31 times so far. While 50 percent of the quota is reserved for qualified institutional buyers and it has been subscribed only 0.31 percent so far. At the same time, 15 percent of this IPO is reserved for non-institutional investors and it has been subscribed 2.22 times so far.

Allied Blenders GMP

Even though the Allied Blenders IPO is getting sluggish subscription, there is a craze in the grey market. The unlisted stock of the company is trading at a premium of Rs 85 in the grey market. This premium is 30 per cent in terms of the upper price band of Rs 281. That is, compared to the issue price of Rs 281, the stock can be listed at Rs 366.

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Vraj Iron & Steel GMP

There is a craze in the grey market (Vraj Iron and Steel IPO GMP) regarding the IPO of Vraj Iron. The unlisted stock of the company is trading at a premium of Rs 60 in the grey market. This premium is 29 per cent in terms of the upper price band of Rs 207. That is, compared to the issue price of Rs 207, the stock can be listed at Rs 267.

Advice on Allied Blenders

Shivani Nyati, Head of Wealth, Swastika Investmart has given an Avoid rating, advising to stay away from the IPO of Allied Blenders & Distillers. She says that Allied Blenders & Distillers has a strong brand presence. The company has a diversified product portfolio and an all-India distribution network. However, the financial performance has been unstable. Apart from this, the Indian Made Foreign Liquor industry is facing increasing competition, possible tax hikes and a highly regulated environment. The valuation is also high.

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Advice on Vraj Iron & Steel

Brokerage house SMIFS has given a subscribe rating on Vraj Iron & Steel. The brokerage says that Vraj Iron & Steel Limited is well positioned to capitalise on the strong growth prospects of the steel industry driven by rapid urbanisation, infrastructure development and government investments in key sectors. The steel industry is closely linked to GDP growth, with demand rising from infrastructure projects and housing development. The company’s strategic expansion plans are set to significantly increase its production capacity, which is currently at 231,600 tonnes per annum (TPA) and is expected to grow to 500,100 TPA by FY26.