Shivani Nyati, the Head of Wealth at Swastika Investmart, advised staying away from the IPO of Allied Blenders and Distillers, giving it an "Avoid" rating. She mentioned that while the company has a strong brand presence, a diversified product portfolio, and an all-India distribution network, its financial performance has been unstable. Additionally, the Indian-made foreign liquor industry is facing increasing competition, potential tax hikes, and a highly regulated environment. She also pointed out that the valuation of the company is on the higher side.
