Monika Alcobev was incorporated on February 12, 2015. The company is a leading importer and distributor of premium and luxury alcoholic beverages across India and the subcontinent, including duty-free retail. Backed by a strong supply chain and leadership, it continues to reshape the liquor market
| Bidding Dates |
|---|
| 16 Jul 2025 - 18 Jul 2025 |
| Subscription |
|---|
| 3.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,16,800 | 2 | 2 | 400 | 5.8 M | ₹271 - ₹286 | 62.1 % | ₹1569.4 M - ₹1656.3 M | RHP DOC |
Monika Alcobev IPO SUBSCRIPTION STATUS
18 Jul '25Monika Alcobev IPO overall subscription rate was 3.78 times the total available shares
Monika Alcobev IPO retail subscription rate was 3.75 times in the retail segment
Monika Alcobev IPO non-institutional investor subscription rate was 12.05 times in the non-institutional investor category
Monika Alcobev IPO Qualified Institutional Bidder subscription rate was 1.31 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Jul 2025 (Day 3) | 3.75x | 12.05x | 1.31x |
17 Jul 2025 (Day 2) | 0.72x | 5.47x | 0.56x |
16 Jul 2025 (Day 1) | 0.39x | 5.29x | 0.56x |
Monika Alcobev FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 23.1 | 236.1 | -25.9 | -39.5 | 19.6% |
| FY24 | 16.6 | 189.2 | -53.6 | -54.6 | 17.0% |
| FY23 | 13.0 | 139.8 | -6.2 | -6.7 | 17.7% |
Monika Alcobev IPO SUBSCRIPTION STATUS DETAILS
Monika Alcobev had 5.8 M shares on offer
Monika Alcobev IPO offer price was in the range ₹271 - ₹286
Monika Alcobev IPO minimum Investment was ₹216800
Monika Alcobev IPO issue size was ₹ 1569.4 M - ₹ 1656.3 M
Monika Alcobev had a minimum lot size of 400 Shares per application
Monika Alcobev NUMBER OF SHARES ON OFFER
Monika Alcobev IPO IMPORTANT DATES
| Issue Open Date | 16 Jul 2025 |
| Issue close Date | 18 Jul 2025 |
| Allotment Date | 21 Jul 2025 |
| Refund Date | 22 Jul 2025 |
| Demat Account Credit Date | 22 Jul 2025 |
| Listing Date | 23 Jul 2025 |
| Listing on Exchange(s) | BSE |
| Monika Alcobev Allotment Status | Exchange/ Registrar |
Monika Alcobev IPO subscription opened on 16 Jul 2025, and closed on 18 Jul 2025
IPO allotment for Monika Alcobev was finalized on Monday, 21 Jul 2025
IPO listing for Monika Alcobev was on BSE on Wednesday, 23 Jul 2025
Monika Alcobev IPO LISTING GAINS
| Issue Price (adjusted) | 286.0 |
| Listing Open Price | 288.0 |
| Listing Close Price | 288.0 |
| Listing Gain% | 0.7% |
| Current Gain% | -33.8% |
Monika Alcobev Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Monika Alcobev Ltd. | 189.4 | 406.3 | 12.6 | 0.3 | 1.3 | 13.2 | 6.5 | 310.4 | 30.2 | 32.1 | 39.1 | 15 | 39.1 |
| United Spirits Ltd. | 1512.4 | 110004.6 | 58.4 | 2.4 | 8.7 | 20.5 | 12.7 | 12945 | 4.4 | 1838 | 16.2 | 25.9 | 24.5 |
| Radico Khaitan Ltd. | 4499 | 60278.7 | 85.7 | 1.1 | 9.7 | 18.2 | 12.2 | 6062.3 | 24.8 | 604.5 | 74.9 | 52.5 | 76.4 |
| United Breweries Ltd. | 1400.3 | 37024.6 | 93.6 | -7.5 | 3.9 | 9.1 | 4.3 | 9285.1 | 3.7 | 413.2 | -6.5 | 15 | -12.5 |
| Allied Blenders & Distillers Ltd. | 599.2 | 16761.6 | 75.9 | -9.5 | 3.5 | 13.7 | 5.5 | 3948.8 | 11.5 | 228.3 | 17.2 | 7.9 | -8 |
| Tilaknagar Industries Ltd. | 490.8 | 12144.8 | -336.9 | 3 | 4 | 0.7 | 0.3 | 2371.7 | 63.4 | 20.9 | -90.9 | -1.5 | -113 |
Monika Alcobev INFORMATION ON IPO ISSUE
About Monika Alcobev
Monika Alcobev was incorporated on February 12, 2015. The company is a leading importer and distributor of premium and luxury alcoholic beverages across India and the subcontinent, including duty-free retail. Backed by a strong supply chain and leadership, it continues to reshape the liquor market
Object of the Issue
- Funding working capital requirements of the company
- Pre-payment or repayment of certain outstanding borrowings availed by the company from Banks/ Financial Institutions
- General corporate purposes
Monika Alcobev - PROMOTERS
| Name |
|---|
| Bhimji Nanji Patel |
| Kunal Bhimji Patel |
Monika Alcobev Book Running Lead Manager
Marwadi Chandarana Intermediaries Brokers Private Limited
mb@marwadichandarana.com
Monika Alcobev Registrar to the issue
MUFG Intime India Private Limited
monikaalcobev.smeipo@in.mpms.mufg.com
Monika Alcobev Strengths
Diverse product portfolio
The company offers a curated portfolio of 70+ alcoholic beverage brands across categories, including global icons like Jose Cuervo, Rémy Martin, and Laurent-Perrier, known for their rich heritage and quality
Global liquor brands rights
The company is a leading player in imported liquor, holding exclusive rights for 70+ global brands across India and the subcontinent. It offers end-to-end services including import, distribution, sales, and strategic brand development
High entry barriers
The company benefits from high entry barriers in the alcoholic beverage industry, including strict regulations, complex licensing, efficient distribution, and a strong brand-focused approach
Monika Alcobev Risks
Regulatory risks
The company operates in a dynamic regulatory environment, and changes in laws such as those on prohibition, licensing, labeling, or advertising could adversely affect its business and financial performance
Depend on supplier
The company relies on long-standing supplier relationships for its spirits and wines. Any cost increases, supply shortages, or challenges in maintaining or building supplier ties may impact its business and operations
Brand & reputation
The company’s brand and reputation are key to attracting consumers and standing out from competitors. Expanding into new markets may require higher marketing spend to build brand awareness and compete with established players
IPO FAQs
This IPO consists of an offer for sale of up to Rs 28.6 crore, of 1,000,000 shares. It also consists of a fresh issue of Rs 137.0 crore.
The promoters of the company are Bhimji Nanji Patel and Kunal Bhimji Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 271.0 - 286.0.
The IPO application opens on Jul 16, 2025 and closes on Jul 18, 2025.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 216,800.0, the maximum value for this IPO is Rs 228,800.0.
This IPO will be allotted on Jul 21, 2025.
The refund will be credited to your account on Jul 22, 2025.
The allotted shares will be credited to your demat on Jul 22, 2025.
Monika Alcobev Ltd.’s shares listed on the stock exchanges on Jul 23, 2025.