Monika Alcobev IPO Date, Review, Price, Allotment Details
Monika Alcobev IPO: Monika Alcobev Limited, a leading importer and distributor of premium and luxury alcoholic beverages in India, has launched its SME Initial Public Offering (IPO) in 2025, drawing significant interest from investors. Incorporated in 2015, the company boasts a portfolio of over 70 globally renowned brands, including Jose Cuervo, Rémy Martin, and Bushmills, and holds a strong market presence in tequila (19.0%) and rum (12.3%) imports. This IPO offers investors a chance to tap into India’s fast-growing premium liquor market, driven by rising disposable incomes and premiumization trends.
Join Telegram
Join WhatsApp
The IPO, valued at approximately ₹165.63 crore, comprises a fresh issue of 47.91 lakh shares (₹137.03 crore) and an Offer for Sale (OFS) of 10 lakh shares (₹28.60 crore), aimed at funding working capital and debt repayment. With a robust supply chain, including six strategically located warehouses, Monika Alcobev serves diverse channels like HORECA, retail, and duty-free shops across 20+ Indian states and neighboring countries. Its asset-light model and exclusive brand partnerships position it for scalable growth.
Investor sentiment is optimistic, with a pre-IPO anchor investment of ₹46.06 crore signaling strong demand. However, the aggressive pricing and regulatory complexities of the liquor industry require careful evaluation. This article provides a comprehensive overview of the Monika Alcobev IPO, covering dates, price, allotment, financials, and expert insights to guide your investment decisions.
Monika Alcobev IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | July 16, 2025 |
| IPO Close Date | July 18, 2025 |
| Allotment Date | July 21, 2025 (Tentative) |
| Listing Date | July 23, 2025 (Tentative) |
| Price Band | ₹271 – ₹286 per equity share |
| Lot Size | 800 shares (Minimum order quantity) |
| Issue Size | ₹165.63 crore (Fresh Issue: ₹137.03 crore, OFS: ₹28.60 crore) |
| Face Value | ₹10 per share |
| Investor Quotas | QIB: 50%, Retail: 35%, HNI: 15% |
| Stock Exchanges | BSE SME |
| Lead Managers | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt Ltd (Link Intime) |
Monika Alcobev IPO Market Lot
The minimum market lot for the Monika Alcobev IPO is 800 shares, requiring a retail investment of ₹216,800 to ₹228,800 at the price band of ₹271 to ₹286 per share. This lot size, higher than typical SME IPOs, reflects the company’s premium positioning, with larger lots applicable for HNIs.
| Category | Shares | Amount (₹) |
|---|---|---|
| Retail (Minimum) | 800 shares | ₹216,800 – ₹228,800 |
| Retail (Maximum) | 800 shares | ₹216,800 – ₹228,800 |
| Small HNI (Minimum) | 1,200 shares | ₹325,200 – ₹343,200 |
| Big HNI (Minimum) | 3,600 shares | ₹975,600 – ₹1,029,600 |
Monika Alcobev IPO Dates
The Monika Alcobev IPO opened for subscription on July 16, 2025, and closed on July 18, 2025. Share allotment is expected to be finalized on July 21, 2025, with refunds and demat credits on July 22, 2025, and listing on the BSE SME platform on July 23, 2025.
| Event | Date |
|---|---|
| IPO Open Date | July 16, 2025 |
| IPO Close Date | July 18, 2025 |
| Allotment Finalization | July 21, 2025 (Tentative) |
| Refund Initiation | July 22, 2025 (Tentative) |
| Demat Credit | July 22, 2025 (Tentative) |
| Listing Date | July 23, 2025 (Tentative) |
Promoters of Monika Alcobev IPO
The promoters of Monika Alcobev Limited are Bhimji Nanji Patel, the Chairman and Whole-Time Director, and Kunal Bhimji Patel, the Managing Director. With over 28 years of combined experience in the alcoholic beverage industry, they have driven the company’s growth and established its leadership in premium liquor distribution.
About Monika Alcobev IPO
Founded in 2015, Monika Alcobev Limited is a leading importer and distributor of luxury alcoholic beverages, offering over 70 premium brands like Jose Cuervo, Rémy Martin, and Cointreau. Operating across 20+ Indian states and countries like Nepal and Sri Lanka, it serves HORECA, retail, and duty-free channels, leveraging an asset-light model and six strategic warehouses, including a master facility at Nhava-Sheva, Mumbai.
Monika Alcobev IPO Company Financial Report
Monika Alcobev has shown strong financial growth, with revenue increasing by 25% to ₹238.36 crore in FY 2025 from ₹191.28 crore in FY 2024. Profit after tax rose by 39% to ₹23.11 crore in FY 2025, driven by high-margin premium brands and efficient operations.
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Revenue | ₹238.36 crore | ₹191.28 crore | ₹139.78 crore |
| Net Profit | ₹23.11 crore | ₹16.60 crore | ₹12.45 crore |
| EBITDA | ₹33.84 crore | ₹24.73 crore | ₹18.56 crore |
| Revenue CAGR (FY23-FY25) | 30.59% | – | – |
Monika Alcobev IPO Valuation FY2025
Valuation metrics highlight Monika Alcobev’s premium pricing, driven by strong profit growth and a high-margin portfolio. The high P/E ratio reflects market confidence in its growth potential, though investors should note the aggressive pricing.
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹10.78 (FY 2025) |
| Price-to-Earnings (P/E) | ~25.14 – 26.53 |
| Return on Net Worth (RoNW) | 52.88% (FY 2025) |
| Net Asset Value (NAV) | ₹20.39 per share |
| Price-to-Book Value (P/BV) | ~13.29 – 14.03 |
| Return on Capital Employed | 36.74% (FY 2025) |
Peer Group Comparison
| Company | P/E Ratio | Market Cap (₹ crore) |
|---|---|---|
| Radico Khaitan Ltd | 88.45 | 23,970 |
| Monika Alcobev | ~25.14 – 26.53 | ~613.47 (post-IPO est.) |
Objects of the Issue
- Funding working capital requirements: ₹100.63 crore.
- Pre-payment or repayment of certain outstanding borrowings: ₹11.45 crore.
- General corporate purposes: Remaining funds.
Monika Alcobev IPO Review
The Monika Alcobev IPO offers a unique opportunity to invest in India’s premium liquor market, projected to grow at a 15%+ CAGR through FY30. Its 19.0% tequila and 12.3% rum import market share, exclusive brand portfolio, and asset-light model are key strengths. The 25% revenue and 39% profit growth in FY 2025, coupled with a 52.88% RONW, signal robust financials. However, the high P/E ratio and regulatory complexities in the liquor industry pose risks. Long-term investors with risk tolerance may find it attractive, while conservative investors should assess regulatory and execution risks.
Monika Alcobev IPO Registrar
MUFG Intime India Pvt Ltd (Link Intime)
Address: C-101, 1st Floor, 247 Park, LBS Marg, Vikhroli West, Mumbai 400083, Maharashtra
Phone: +91-22-49186200
Email: monikaalcobev.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers aka Merchant Bankers
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Company Address
Monika Alcobev Limited
2403, 24th Floor, Signature, Suresh Sawant Road, Off Veera Desai Road, Andheri (West), Mumbai 400053, Maharashtra, India
Phone: +91-22-65781111
Email: info@monikaalcobev.com
Website: www.monikaalcobev.com
Monika Alcobev IPO FAQs
Q1: What is the Monika Alcobev IPO price band?
A: The price band is ₹271 to ₹286 per equity share.
Q2: When will the IPO shares list?
A: The shares are expected to list on July 23, 2025, on BSE SME.
Q3: What is the minimum lot size for application?
A: The minimum lot size is 800 shares, costing ₹216,800 to ₹228,800.
Q4: How can I check my allotment status?
A: Visit MUFG Intime India’s website or check via BSE or brokers like Zerodha.
Q5: What is the Grey Market Premium (GMP)?
A: As of July 12, 2025, the GMP is not yet available, as the grey market has not started.
Conclusion
The Monika Alcobev IPO provides a compelling entry into India’s premium liquor market, backed by a strong portfolio of global brands and a scalable, asset-light model. With 30.59% revenue CAGR (FY23-FY25) and a robust distribution network, the company is well-positioned for growth. However, investors should weigh the high valuation and regulatory risks. Review financials and consult advisors before applying.
Disclaimer: Stock market investments involve risks. Read all scheme-related documents carefully. Views are for informational purposes only and not investment advice.
Follow Finance Dada for the latest IPO and stock market updates on X, Facebook, Instagram, LinkedIn, or YouTube.
Also Read: Brigade Hotel Ventures IPO Date, Review, Price, Allotment Details
