IPO Details

Bidding Dates

16 Jul '25 - 18 Jul '25

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Monika Alcobev IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 16, 25

IPO Closing Date

Jul 18, 25

Basis of Allotment

Jul 21, 25

Initiation of Refunds

Jul 22, 25

IPO Listing Date

Jul 23, 25

About Monika Alcobev IPO

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

  1. 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%.
  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.
  3. 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:

  1. A part of the funds will be used to meet the working capital needs of the company for smooth operations.
  2. Part of the proceeds will be used to pre-pay or repay certain outstanding loans taken from banks and financial institutions.
  3. 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:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Monika Alcobev IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Monika Alcobev IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. 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)

Monika Alcobev IPO Registrar

Financial Performance of Monika Alcobev Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 23,614.87 18,920.00 13,977.98
Profit/ (loss) for the year (in ₹ lakh) 2,311.35 1,659.63 1,302.56
Net Worth (in ₹ lakh) 9,600.92 5,853.04 1,712.19
PAT Margin (%) 9.79 8.77 9.32
Earnings per Share (in ₹) 13.94 11.58 9.30
Return on Net Worth (RoNW) (%) 24.07 28.35 76.08
EBITDA (in ₹ lakh) 4,619.49 3,214.43 2,467.48

Know before investing

Strengths

5

  1. Holds exclusive selling rights for over 70 premium global liquor brands in India.

  2. Leads tequila and rum imports in India with 19% and 12.3% market shares, respectively.

  3. Operates six bonded warehouses across India for efficient customs clearance and product distribution.

  4. Executes over 372 brand activations annually, building strong visibility and consumer engagement.

  5. Manages a vast distribution network with 4,500+ touchpoints across India and subcontinent.

Risks

5

  1. Regulatory changes in alcohol laws may disrupt operations and hurt revenue or growth prospects.

  2. Losing exclusive rights for 70+ brands can severely impact sales and market position.

  3. Absence of fixed-price contracts with suppliers increases risk of price volatility and shortages.

  4. Whisky and tequila contribute over 71% revenue in FY25, posing a major dependency risk.

  5. Rising marketing costs and weak branding may affect consumer engagement and brand visibility.

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Monika Alcobev IPO FAQs

What is the Monika Alcobev IPO?

Monika Alcobev IPO is a book-built issue IPO. It runs from July 16, 2025, to July 18, 2025.

When will the Monika Alcobev IPO be allotted?

The Basis of Allotment will happen on Monday, July 21, 2025.

When will the Monika Alcobev IPO open for subscription?

The IPO subscription window will open on July 16, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, however the lot size is not announced yet.

When will the Monika Alcobev IPO list on exchanges?

The listing date for Monika Alcobev IPO is Wednesday, July 23, 2025.

What is the issue size of the Monika Alcobev IPO?

The issue size of the Monika Alcobev IPO is not announced yet.

What are the open and close dates of the Monika Alcobev IPO?

The open and close dates for Monika Alcobev IPO are from July 16, 2025, to July 18, 2025.

What would be the listing gains on the Monika Alcobev IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Monika Alcobev IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Monika Alcobev IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Monika Alcobev IPO using one PAN?

You can submit only one application using your PAN card.

How to read Monika Alcobev Limited's financial statements?

To read Monika Alcobev Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Monika Alcobev IPO?

Pre-apply allows investors to apply for the  Monika Alcobev IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Monika Alcobev IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Monika Alcobev IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Monika Alcobev IPO?

MUFG Intime India Private Limited (Link Intime) is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Monika Alcobev IPO getting listed?

Monika Alcobev IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).