16-07-2025
Monika Alcobev's Rs 166 cr IPO opens today. No GMP buzz ahead of launch
The IPO of luxury alcohol importer and distributor Monika Alcobev will open for subscription on Wednesday aiming to raise Rs 165.63 crore through a mix of fresh issue and offer for sale. The public offer will close on Friday with listing scheduled on the BSE SME platform on July 23.
The IPO comprises a fresh issue of 47.91 lakh shares worth Rs 137.03 crore, and an offer for sale (OFS) of 10 lakh shares aggregating Rs 28.60 crore by existing shareholders.
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The price band is set at Rs 271–286 per share, and investors can bid in lots of 400 shares, translating to a minimum investment of Rs 2.16 lakh for retail applicants. So far, there is no visible grey market premium (GMP) for the issue, indicating muted pre-listing excitement among informal investors.
Monika Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July 15.
About the Company
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Founded in 2015, Monika Alcobev is a prominent importer and distributor of premium and luxury alcoholic beverages in India and neighbouring markets. Its portfolio features over 70 international brands, including names like Jose Cuervo, Bushmills, and Onegin Vodka.
The company operates across India, Sri Lanka, Nepal, Maldives, and Bangladesh, serving hotels, restaurants, retail outlets, and airport duty-free segments. It boasts a wide distribution network and employs 191 people as of March 2025.
Monika Alcobev reported a 25% jump in revenue and 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 crore.
The proceeds from the fresh issue will be used for working capital needs, repayment of borrowings, and general corporate purposes.
MUFG Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager. Bhansali Value Creations is the market maker.
While the company operates in a niche, high-margin space, the absence of a grey market premium and relatively high investment threshold may limit early retail traction. Investors will likely track subscription data over the next two days for clearer sentiment.
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