All details for Monika Alcobev IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Price Band: ₹271–286 | Allotment July 21 | Listing July 23, 2025
Monika Alcobev IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 16, 2025 |
| IPO Close Date | July 18, 2025 |
| Tentative Allotment | July 21, 2025 |
| Refunds Initiation | July 22, 2025 |
| Credit of Shares to Demat | July 22, 2025 |
| IPO Listing Date | July 23, 2025 |
Anchor Investors
| Bid Date | Shares Offered | Anchor Portion Size (₹ Cr) | Lock-in (50%) | Lock-in (90%) |
|---|---|---|---|---|
| July 15, 2025 | 16,10,400 | 46.06 | Aug 20, 2025 | Oct 19, 2025 |
IPO Price & Lot Size
| Price Band | ₹271–286 per share |
|---|---|
| Market Lot | 400 Shares |
| Retail Min | 2 lots (800 shares) – ₹2,28,800 |
| Retail Max | 2 lots (800 shares) – ₹2,28,800 |
| S-HNI Min | 3 lots (1,200 shares) – ₹3,43,200 |
| S-HNI Max | 8 lots (3,200 shares) – ₹9,15,200 |
| B-HNI Min | 9 lots (3,600 shares) – ₹10,29,600 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 323.89 | 238.36 | 23.11 | 46.19 | 96.01 | 79.35 | 174.10 |
| 31 Mar 2024 | 216.42 | 191.28 | 16.60 | 32.14 | 58.53 | 56.24 | 123.16 |
| 31 Mar 2023 | 128.53 | 140.36 | 13.03 | 24.67 | 17.12 | 15.12 | 72.06 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹613.47 Cr |
| ROE | 29.91% |
| ROCE | 16.21% |
| Debt/Equity | 1.81 |
| RoNW | 24.07% |
| PAT Margin | 9.79% |
| EBITDA Margin | 19.56% |
| Price to Book Value | 4.94 |
| EPS (Pre IPO) | 13.87 |
| EPS (Post IPO) | 10.78 |
| P/E (Pre IPO) | 20.61 |
| P/E (Post IPO) | 26.54 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Cr) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 100.64 |
| 2 | Pre-payment or repayment of certain outstanding borrowings availed by the Company | 11.45 |
| 3 | General Corporate Purposes | — |
About Monika Alcobev Ltd.
Incorporated: 2015
Business: Importer & distributor of luxury alcoholic beverages across India & Indian subcontinent.
Portfolio: 70+ premium brands incl. Jose Cuervo, Bushmills, Onegin Vodka.
Markets: India, Nepal, Maldives, Sri Lanka, Bangladesh.
Sectors: HORECA, retail, travel retail.
Employees: 191 (as of Mar 31, 2025)
Promoters: Bhimji Nanji Patel, Kunal Bhimji Patel
Strengths:
- Bonded Warehouses (supply-chain efficiency)
- Diverse high-end portfolio
- High industry entry barriers
- Long-standing customer relationships
- Experienced management & staff
Contact Details
2403, 24th Floor, Signature, Suresh Sawant Road,
Off Veera Desai Road, Andheri (West), Mumbai, Maharashtra, 400053
Phone: +91 022 6578 111
Email: investors.relation@monikaalcobev.com
Website: https://monikaalcobev.com/
Frequently Asked Questions (FAQ)
The price band for Monika Alcobev IPO is ₹271–₹286 per share, as announced in the Draft Red Herring Prospectus (DRHP).
The IPO will open for subscription on July 16, 2025, and close on July 18, 2025, as per the announced timeline.
The minimum investment for retail investors is 2 lots (800 shares), which amounts to ₹2,28,800 at the upper end of the price band (₹286 per share).
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the Red Herring Prospectus (RHP) when the IPO dates are confirmed. Note that bidding at the cut-off price is not allowed for any category.
Monika Alcobev Ltd. is an importer and distributor of luxury alcoholic beverages across India and the Indian subcontinent. Their revenue sources include:
- Distribution of 70+ premium brands, including Jose Cuervo, Bushmills, and Onegin Vodka
- Sales to HORECA (hotels, restaurants, cafes), retail, and travel retail sectors
- Operations in India, Nepal, Maldives, Sri Lanka, and Bangladesh
The company leverages bonded warehouses for supply chain efficiency and benefits from high industry entry barriers and long-standing customer relationships.
Key risks to consider include:
- Market risk: Dependence on demand for luxury alcoholic beverages, sensitive to economic and regulatory changes
- Financial risk: High debt levels with a debt-to-equity ratio of 1.81
- Regulatory risk: Stringent regulations in the alcohol industry across multiple jurisdictions
- Competition: Competition from other importers and distributors of premium alcoholic beverages
- Operational risk: Reliance on supply chain efficiency and international brand partnerships
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the IPO (₹137.03 Cr from fresh issue) will be used for:
- Funding working capital requirements (₹100.64 Cr)
- Pre-payment or repayment of certain outstanding borrowings (₹11.45 Cr)
- General corporate purposes
Specific allocations will be detailed in the RHP.
Monika Alcobev has:
- Revenue growth from ₹140.36 Cr (FY23) to ₹238.36 Cr (FY25)
- PAT growth from ₹13.03 Cr (FY23) to ₹23.11 Cr (FY25)
- Net worth growth from ₹17.12 Cr (FY23) to ₹96.01 Cr (FY25)
- EBITDA growth from ₹24.67 Cr (FY23) to ₹46.19 Cr (FY25)
- 191 employees as of March 31, 2025
- Portfolio of 70+ premium brands and operations in five countries
The company’s diverse portfolio and strong market presence drive its financial growth.
As of March 31, 2025:
- Total borrowings: ₹174.10 crore
- Debt-to-equity ratio: 1.81
- EBITDA: ₹46.19 Cr, supporting debt servicing capacity
The company’s high debt levels are offset by strong revenue and EBITDA growth, with IPO proceeds allocated for debt repayment.
The book running lead managers for Monika Alcobev IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
