Monika Alcobev IPO is a book-built issue consisting of 57.91 lakh equity shares. This public offering includes a fresh issue of 47.91 lakh shares and an offer for sale of 10.00 lakh shares by existing shareholders. The IPO is set to open for subscription on July 16, 2025, and will close on July 18, 2025.
The allotment of shares is expected to be finalised on July 21, 2025. Following the allotment, the shares are proposed to be listed on the BSE SME platform, with a tentative listing date scheduled for July 23, 2025.
As of now, the price band for the IPO has not been disclosed. Investors can apply for the issue once the price range is announced and further details are made available. Marwadi Chandarana Intermediaries Brokers Private Limited is appointed as the book-running lead manager for the issue.
MUFG Intime India Private Limited (Link Intime) is the registrar managing the IPO process. Bhansali Value Creations Private Limited has been designated as the market maker for this IPO. For complete details and risk factors, investors are advised to refer to the Monika Alcobev IPO DRHP.
Industry Outlook
- The global alcoholic beverages market is showing varied trends, with developed countries witnessing maturity in consumption, while developing nations like India are experiencing strong growth. India’s alco-beverage market stood at ₹3,25,500 crore in FY 2024 and is projected to reach ₹5,04,900 crore by FY 2029, growing at a CAGR of 9.2%.
- Undistilled alco-beverages, including wine and beer, are gaining popularity in India, with the segment expected to grow at a CAGR of 12.6%—rising from ₹58,590 crore in FY 2024 to ₹1,06,029 crore by FY 2029.
- Premium and luxury segments are expanding fast, projected to grow at CAGRs of 16.7% and 11.5%, respectively, driven by rising disposable incomes, urbanisation, and changing lifestyle choices.
Monika Alcobev IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- A part of the funds will be used to meet the working capital needs of the company for smooth operations.
- Part of the proceeds will be used to pre-pay or repay certain outstanding loans taken from banks and financial institutions.
- Any remaining funds will be allocated toward general corporate purposes to strengthen overall business growth.
About Monika Alcobev Limited
Monika Alcobev Limited is a prominent name in the imported liquor industry, offering a wide range of premium and luxury alcoholic beverages across India and the Indian Subcontinent. The company specialises in the import, sales, distribution, and marketing of global spirit brands and operates in both domestic and travel retail duty-free segments. Founded by Bhimji Nanji Patel and led by Managing Director Kunal Bhimji Patel, the company has built a strong presence through exclusive partnerships with over 70 internationally acclaimed brands.
With a 19% share in tequila imports, 12.3% in rum, 7.5% in liqueurs, and 1.9% in gin and geneva, Monika Alcobev holds a significant position in the Indian alco-beverage market. The brand portfolio includes renowned names like Jose Cuervo, Rémy Martin, Bushmills, Cointreau, Choya, and Belenkaya.
The company serves the HORECA sector, retail outlets, embassies, ship stores, and travel retail markets across more than 20 Indian states and regions such as Nepal, Sri Lanka, and the Maldives. Monika Alcobev’s distribution strength is backed by six strategically located warehouses, including a master facility in Nhava Sheva, Mumbai.
Its efficient supply chain and ability to manage complex logistics give it an edge in meeting market demands swiftly. The company’s strong client relationships are reflected in the significant revenue share from its top 10 customers, contributing over 60% of revenue in the last 3 fiscal years. Monika Alcobev continues to grow by aligning premium global brands with evolving consumer tastes across diverse markets.
How To Check the Allotment Status of Monika Alcobev IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Monika Alcobev IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Monika Alcobev IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Monika Alcobev IPO
Registered office: 2403, 24th Floor, Signature, Suresh Sawant Road, Off
Veera Desai Road, Andheri (West), Mumbai – 400 053, Maharashtra, India.
Phone: : +91 022 6578 1111/ 6236 3155
E-mail:investors.relation@monikaalcobev.com
Monika Alcobev IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
4,17,600 (7.21%) |
|
QIB Shares Offered |
26,85,600 (46.37%) |
|
− Anchor Investor Shares Offered |
16,10,400 (27.81%) |
|
− QIB (Ex. Anchor) Shares Offered |
10,75,200 (18.57%) |
|
NII (HNI) Shares Offered |
8,06,400 (13.92%) |
|
Retail Shares Offered |
18,81,600 (32.49%) |
|
Total Shares Offered |
57,91,200 (100.00%) |
Monika Alcobev IPO Promoter Holding
The promoters of the company include Bhimji Nanji Patel and Kunal Bhimji Patel.
|
Share Holding Pre-Issue |
79.96% |
|
Share Holding Post Issue |
62.08% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Monika Alcobev IPO
|
KPI |
Value |
|
EBITDA Margin (%) |
19.56 |
|
RoCE (%) |
16.21 |
|
RoNW (%) |
24.07 |
|
Debt/Equity |
1.81 |
|
PAT Margin (%) |
9.79 |
Monika Alcobev IPO Prospectus
Monika Alcobev IPO Registrar and Lead Managers
Monika Alcobev IPO Lead Managers
- Marwadi Chandarana Intermediaries Brokers Private Limited
Registrar for Monika Alcobev IPO
MUFG Intime India Private Limited (Link Intime)
- Contact Number: +91-22-4918 6270
- Email Address: monikaalcobev.smeipo@in.mpms.mufg.com
Monika Alcobev IPO Registrar
Financial Performance of Monika Alcobev Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 23,614.87 | 18,920.00 |
| Profit/ (loss) for the year (in ₹ lakh) | 2,311.35 | 1,659.63 |
| Net Worth (in ₹ lakh) | 9,600.92 | 5,853.04 |
| PAT Margin (%) | 9.79 | 8.77 |
| Earnings per Share (in ₹) | 13.94 | 11.58 |
| Return on Net Worth (RoNW) (%) | 24.07 | 28.35 |
| EBITDA (in ₹ lakh) | 4,619.49 | 3,214.43 |
Know before investing
Strengths
8Holds exclusive selling rights for over 70 premium global liquor brands in India.
Leads tequila and rum imports in India with 19% and 12.3% market shares, respectively.
Operates six bonded warehouses across India for efficient customs clearance and product distribution.
Executes over 372 brand activations annually, building strong visibility and consumer engagement.
Manages a vast distribution network with 4,500+ touchpoints across India and subcontinent.
Successfully navigates India’s complex state-wise excise laws, creating high entry barriers for rivals.
Flexible business model enables fast entry into new liquor categories and brand partnerships.
Strong growth opportunity through retail expansion in Tier 1, Tier 2 and emerging markets.
Risks
8Regulatory changes in alcohol laws may disrupt operations and hurt revenue or growth prospects.
Losing exclusive rights for 70+ brands can severely impact sales and market position.
Absence of fixed-price contracts with suppliers increases risk of price volatility and shortages.
Whisky and tequila contribute over 71% revenue in FY25, posing a major dependency risk.
Rising marketing costs and weak branding may affect consumer engagement and brand visibility.
Supply chain disruptions from geopolitical or logistics issues may hurt inventory and customer satisfaction.
Shifting consumer preferences can reduce demand for premium imported spirits and affect overall sales.
₹66,703.57 lakh insurance cover may not fully protect against unforeseen warehouse or asset losses.
