Investors flocked to the liquor company’s IPO, Allied Blenders subscribed 25 times, Vraj Iron also subscribed 18 times

IPO Market News :If you invest in the IPO market, then be prepared for next week’s action. Next week, 2 new stocks are going to be listed in the stock market. These include IPOs of Allied Blenders and Vraj Iron and Steel. Today is the last day of the issue of Allied Blenders and it will be listed on July 2. While today is the second day of the issue of Vraj Iron and Steel and it is to be listed on July 3. While the gray market is indicating strong listing of both the stocks, in terms of subscription, the liquor manufacturing company Allied Blenders has made a strong recovery. Vraj Iron and Steel is already getting a good response from investors.

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Allied Blenders Subscription Status

Allied Blenders and Distillers IPO is getting good response on the third and last day (Allied Blenders IPO Subscription Status). This IPO has been subscribed 25 times on its third day. 35 percent of the IPO is reserved for retail investors and it has been subscribed 4.63 times so far. While 50 percent of the quota is reserved for qualified institutional buyers and it has been subscribed 53.01 times. At the same time, 15 percent of the IPO is reserved for non-institutional investors and it has been subscribed 34.04 times. The reserved portion for employees has been subscribed 10.16 times.

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 about 17.91 times on its first and second day. 35 percent of the IPO is reserved for retail investors and it has been subscribed 20.51 times so far. While 50 percent of the quota is reserved for qualified institutional buyers and it has been subscribed only 97 percent so far. At the same time, 15 percent of this IPO is reserved for non-institutional investors and it has been subscribed 34.43 times so far.

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Allied Blenders GMP

While the subscription of Allied Blenders IPO has been strong, the price in the grey market has fallen slightly compared to a day before. The unlisted stock of the company is trading at a premium of Rs 75 in the grey market. This premium is 27 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 356.

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 75 in the grey market. This premium is 36 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 282.

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Opinion 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.

(Disclaimer: Investing or selling stocks is advised by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)