The Initial Public Offering (IPO) of Monika Alcobev, a luxury alcohol importer and distributor, has garnered significant attention as it approaches its closing date today, July 18, 2025. The IPO has seen moderate investor interest, with the issue already subscribed 1.66 times so far.
Subscription Status
As of July 17, 2025, the IPO was subscribed 1.57 times. The non-institutional investor (NII) segment has exhibited the most substantial interest, with a subscription of 3.96 times their allocated quota. Qualified institutional buyers (QIBs) have subscribed 1.09 times their portion, while retail investors have subscribed 0.82 times. Investors have placed bids for 58,97,200 shares, exceeding the 37,63,200 shares on offer.
IPO Details
Monika Alcobev's IPO is a book-building issue aiming to raise ₹165.63 crore. The issue comprises a fresh issue of 47.91 lakh shares, amounting to ₹137.03 crore, and an offer for sale (OFS) of 10 lakh shares aggregating to ₹28.60 crore by existing shareholders. The price band is set at ₹271 to ₹286 per share, with a face value of ₹10. Investors can apply in lots of 400 shares, requiring a minimum investment of ₹2,16,800 for retail investors. High Net-Worth Individuals (HNIs) need to apply for a minimum of three lots, with a minimum investment of ₹3,43,200.
Grey Market Premium (GMP)
The grey market premium (GMP) for Monika Alcobev's IPO is around ₹10 per share. This suggests that the stock may list at approximately ₹296, or 3.5% above the upper issue price of ₹286. However, it's important to note that the GMP is an unofficial indicator and should not be the sole basis for investment decisions.
** utilization**
The company intends to utilize the fresh proceeds from the IPO to fund its working capital requirements, repay certain outstanding borrowings, and for other general corporate purposes.
Key Dates
The IPO opened on July 16, 2025, and closes today, July 18, 2025. The allotment of shares is expected to be finalized on July 21, 2025. Successful applicants will have shares credited to their Demat accounts on July 22, 2025, and refunds for unallotted shares will be processed on the same day. The shares are tentatively scheduled to be listed on the BSE SME platform on July 23, 2025.
About the Company
Incorporated in 2015, Monika Alcobev is a growing importer and distributor of luxury alcoholic beverages in India. The company offers a wide range of spirits, wines, and liqueurs, with a portfolio exceeding 70 premium brands, including renowned names like Jose Cuervo, Bushmills, and Onegin Vodka. Monika Alcobev serves various industries such as HORECA (hotels, restaurants, and catering), retail, and travel retail, with a distribution network spanning across 20+ states and neighboring countries. The company is a leading importer of tequila (19%) and rum (12.3%).
Financial Performance
Monika Alcobev has demonstrated strong financial performance, with revenue increasing by 25% and profit after tax (PAT) rising by 39% between the financial year ending March 31, 2025, and March 31, 2024. In 2025, the company reported revenue of ₹238.36 crores and a profit of ₹23.11 crores.
Conclusion
Monika Alcobev's IPO has received a moderate response, with the NII segment showing strong interest. The IPO closes today, and investors should conduct thorough research and consider their risk appetite and company fundamentals before making any investment decisions.
