Monika Alcobev IPO is a book-built issue IPO, aiming to raise ₹165.63 crore. It comprises a a fresh issue of 47.91 lakh equity shares aggregating to ₹137.03 crore and an offer for sale of 10 lakh shares aggregating to ₹28.60 crore. The bidding window was open from July 16, 2025, to July 18, 2025, with the IPO allotment to be finalised on July 21, 2025. Monika Alcobev is scheduled to list on the BSE SME on July 23, 2025.
The IPO was priced at a range of ₹271-₹286 per share with a lot size of 26 shares. The public issue received bids for 1,53,65,200 shares against 37,63,200 shares available, resulting in an overall subscription of 4.08 times. NIIs led the response, subscribing 8.86 times their quota, followed by retail investors at 2.92 times.
Monika Alcobev's ₹165.63 crore IPO, priced at a range of ₹271-₹286 per share, was subscribed 4.08 times overall. The IPO is a fresh issue of 47.91 lakh equity shares aggregating to ₹137.03 crore and an offer for sale of 10 lakh shares aggregating to ₹28.60 crore. Bidding took place from July 16 to July 18, 2025, with the Monika Alcobev IPO allotment status on July 21, 2025. Retail investors subscribed 2.92 times and NIIs 8.86 times. Listing is expected on July 23, 2025.
The table below breaks down the Monika Alcobev share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| 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%) |
| − bNII > ₹10L | 5,37,600 (9.28%) |
| − sNII < ₹10L | 2,68,800 (4.64%) |
| Retail Shares Offered | 18,81,600 (32.49%) |
| Total Shares Offered | 57,91,200 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 2.54 |
| Non-Institutional Investors | 8.86 |
| Retail Individual Investors | 2.92 |
| Total shares | 4.08 |
Note: The subscription details are as of July 18, 2025
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.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 18, 2025, 6:59 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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