Latest news with #MonikaAlcobev
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Business Standard
4 hours ago
- Business
- Business Standard
NIIs drive demand for Monika Alcobev IPO; grey market premium at 3.5%
Monika Alcobev IPO subscription status: Non-institutional investors (NIIs) were driving the demand for the initial public offering (IPO) of workspace solutions provider Monika Alcobev, on the second day of its subscription period. The public issue has received bids for 56,78,800 shares against 41,80,800 on offer, resulting in an oversubscription of 1.36 times till 12:25 PM on July 17, showed the NSE data. Among the individual categories, NIIs bid the highest, oversubscribing the category reserved for them by 2.81 times. This was followed by the qualified institutional buyers (QIBs), who bid 1.09 times. However, the response from the retail investors remains sluggish, as they are yet to fully subscribe to their category. They have booked 57 per cent of their reserved quota. Monika Alcobev IPO details The public offering comprises a fresh issue of 4.8 million equity shares worth ₹137.03 crore and an offer for sale (OFS) through which shareholders are divesting up to 1 million shares worth approximately ₹28.60 crore. Monika Alcobev IPO is being offered at a price band of ₹271-286 per share and a lot size of 400 shares. Investors can bid for a minimum of 2 lots or 800 shares of Monika Alcobev IPO with an investment amount of ₹2,28,800. Monika Alcobev will not receive any proceeds from the OFS, which will be given to shareholders divesting their stakes through the public issue. The company proposes to utilise the proceeds from the fresh issue for repayment and prepayment of certain outstanding borrowings, as well as to fund the working capital requirements. The company will further use the proceeds for general corporate purposes. For the public issue, the company has appointed MUFG Intime India (earlier Link Intime) as registrar, while Marwadi Chandarana Intermediaries serves as the book-running lead manager. Monika Alcobev IPO grey market premium (GMP) today The unlisted shares of Monika Alcobev were commanding a decent premium in the grey market on Thursday. Sources tracking unofficial market activity revealed that the unlisted shares of Monika Alcobev were trading at around ₹296 apiece, indicating a grey market premium (GMP) of ₹10 or 3.50 per cent over the upper end of the issue price of ₹286. Monika Alcobev IPO allotment date, listing date The public issue will remain available for subscription till Friday, July 18. Following that, the basis for allotment of company shares is set to be finalised on Monday, July 21. The company's shares will be credited into demat accounts tentatively on July 22. Shares of Monika Alcobev are slated to list on the BSE SME tentatively on July 23. About Monika Alcobev Incorporated in 2015, Monika Alcobev imports and distributes luxury alcoholic beverages in India and the Indian Subcontinent. The company offers over 70 premium brands, including Jose Cuervo and Bushmills. Monika Alcobev operates in several countries, including India, Nepal, and Sri Lanka, serving various sectors. The company has bonded warehouses, ensuring efficient supply chain management. The company boasts an experienced management team with significant industry expertise.
Economic Times
5 hours ago
- Business
- Economic Times
Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details
The BSE SME IPO of Monika Alcobev, a luxury alcohol importer and distributor, has seen moderate investor response, with the issue subscribed 1.32 times as of 11:01 AM on July 17. The public offering, which opened on July 16, will close on July 18. ADVERTISEMENT As per the latest update, investors placed bids for 55.21 lakh shares, exceeding the 41.80 lakh shares on offer. The non-institutional investor (NII) segment has shown the strongest interest, with 2.79 times subscription for their reserved quota of 12.24 lakh shares. Meanwhile, retail investors have subscribed to 50% of their allocation (18.81 lakh shares), and qualified institutional buyers (QIBs) have subscribed 1.09 times their share. In the grey market—an unofficial trading venue for IPO shares ahead of listing—Monika Alcobev was seen quoting Rs 10 premium over the issue price. Based on the upper end of the IPO price band at Rs 286, this translates to a potential listing gain of around 3.5%, assuming current market sentiment holds. Monika Alcobev aims to raise Rs 165.63 crore through a combination of fresh issue and offer for sale (OFS) in its IPO. The company's shares are expected to debut on the BSE SME platform on July just one day left for bidding, investor traction in the retail and QIB segments will be critical in determining final subscription levels and listing-day sentiment. Monika Alcobev IPO comprises a fresh issue of 47.91 lakh shares worth Rs 137.03 crore, and OFS of 10 lakh shares aggregating Rs 28.60 crore by existing shareholders. ADVERTISEMENT 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 Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July 15. ADVERTISEMENT Also read: PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project MUFG Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager for this BSE SME offer. Bhansali Value Creations is the market maker for the issue. ADVERTISEMENT Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is serving as the book-running lead manager for the Monika Alcobev IPO, with MUFG Intime India Private Limited (Link Intime) appointed as the registrar for the 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. ADVERTISEMENT The company operates across India, Sri Lanka, Nepal, the 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 a 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 hours ago
- Business
- Time of India
Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details
Live Events About the Company (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The BSE SME IPO of Monika Alcobev, a luxury alcohol importer and distributor, has seen moderate investor response, with the issue subscribed 1.32 times as of 11:01 AM on July 17. The public offering, which opened on July 16, will close on July per the latest update, investors placed bids for 55.21 lakh shares, exceeding the 41.80 lakh shares on offer. The non-institutional investor (NII) segment has shown the strongest interest, with 2.79 times subscription for their reserved quota of 12.24 lakh shares. Meanwhile, retail investors have subscribed to 50% of their allocation (18.81 lakh shares), and qualified institutional buyers (QIBs) have subscribed 1.09 times their the grey market—an unofficial trading venue for IPO shares ahead of listing—Monika Alcobev was seen quoting Rs 10 premium over the issue price. Based on the upper end of the IPO price band at Rs 286, this translates to a potential listing gain of around 3.5%, assuming current market sentiment Alcobev aims to raise Rs 165.63 crore through a combination of fresh issue and offer for sale (OFS) in its IPO. The company's shares are expected to debut on the BSE SME platform on July just one day left for bidding, investor traction in the retail and QIB segments will be critical in determining final subscription levels and listing-day sentiment. Monika Alcobev IPO comprises a fresh issue of 47.91 lakh shares worth Rs 137.03 crore, and OFS of 10 lakh shares aggregating Rs 28.60 crore by existing 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 Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager for this BSE SME offer. Bhansali Value Creations is the market maker for the Chandarana Intermediaries Brokers Pvt. Ltd. is serving as the book-running lead manager for the Monika Alcobev IPO, with MUFG Intime India Private Limited (Link Intime) appointed as the registrar for the 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 company operates across India, Sri Lanka, Nepal, the 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 Alcobev reported a 25% jump in revenue and a 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
a day ago
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Women 60+ Are Ditching Pads For A Better Alternative DryGuard Undies Order Now Undo 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 Live Events 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. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Monika Alcobev's Rs 166 cr IPO opens today. No GMP buzz ahead of launch
About the Company Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 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 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 Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July 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 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 Alcobev reported a 25% jump in revenue and 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 proceeds from the fresh issue will be used for working capital needs, repayment of borrowings, and general corporate Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager. Bhansali Value Creations is the market 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.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
