Monika Alcobev Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Monika Alcobev Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹286
Per ShareLot Size
400 Shares
Minimum Investment
₹1,14,400
Issue Size
₹165.63 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Monika Alcobev Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
79.96%
Promoter Holding (Post-Issue)
62.1%
Issue Type
Book Building - SME
ISIN
INE0LCG01010
About the Company
The Company is a leading player in the imported liquor sector, offering a diverse portfolio of premium and luxury alcoholic beverages. The Company specialises on importing, sales, distribution, and marketing for luxury spirits, wines, and liqueurs throughout India and the Indian Subcontinent including Travel Retail Duty Free Shop. It provides complete supply chain solution through its robust distribution network. Founded by Bhimji Nanji Patel and under the leadership of its Managing Director, Kunal Bhimji Patel, the Company has consistently worked toward reshaping the alcoholic beverage landscape.
Industry Overview
India's premium and luxury alco-beverage segment has demonstrated remarkable growth, reflecting shifting consumer preferences toward premiumization. The market has expanded from INR 12,291 Crores in 2019 to INR 28,751 Crores in 2024 and is projected to reach INR 50,000 Crores by 2029, driven by a strong CAGR of 18.5% (2019-24), followed by a sustained growth of 11.7% (2024-29). This upward trajectory has also led to a notable increase in market share, rising from 5.6% in 2019 to 8.8% in 2024 and expected to hit 10.0% by 2029.
Company History
Monika Alcobev Limited was originally formed as a partnership firm under the name `Monika Enterprise' ("Partnership Firm") pursuant to a deed of partnership dated February 12, 2015 under the Indian Partnership Act, 1932 ("Partnership Act"). Subsequently, Fresh Certificate of Registration dated May 04, 2018 bearing number MU000009640 was issued by Registrar of Firms. The partnership firm was thereafter converted from `Monika Enterprise' into Public Limited Company under Section 366 Part I of Chapter XXI of the Companies Act, 2013, as `Monika Alcobev Limited' under the erstwhile Companies Act, 2013, pursuant to a certificate of incorporation dated January 17, 2022 issued by the Registrar of Companies, Central Registration Centre.
Products & Services
- The Company is a leading player in the imported liquor sector, offering a diverse portfolio of premium and luxury alcoholic beverages. The Company specialises on importing, sales, distribution and marketing.
Growth Strategy
- Growth through entry into new categories of products.
- Growth through increasing its width & depth of distribution.
- Growth by increasing its offerings within states.
- Retain and attract the best talent and develop a performance focused culture.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 57,91,200 equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 286 per equity share (including a share premium of Rs. 276 per equity share) ("Offer Price") aggregating up to Rs. 165.63 crores (the "Offer") comprising a fresh issue of up to 47,91,200 equity shares of face value Rs. 10 each aggregating up to Rs. 137.03 crores by the company (the "Fresh Issue") and offer for sale of up to 10,00,000 equity shares (the "Offered Shares") aggregating up to Rs. 28.60 crores comprising offer for sale of 5,45,600 equity shares by Deven Mahendrakumar shah aggregating to Rs. 15.60 crores and upto 4,54,400 equity shares by Rhetan Estate Private Limited aggregating to Rs. 13.00 crores (collectively "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by selling shareholders, the "Offer for Sale" and together with the fresh issue, "the Offer"). The offer includes up to 4,17,600 equity shares of face value of Rs. 10 each at an offer price of Rs. 286 per equity share for cash, aggregating Rs. 11.94 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of upto 53,73,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 286 per equity share for cash, aggregating up to Rs. 153.69 crores is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute 27.00 % and 25.05% respectively of the post-issue paid up capital of the company .
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Bonded Warehouses ensuring Supply-Chain Efficiencies.
- One of the leading player in the imported liquor sector, offering a diverse portfolio of premium and luxury alcoholic beverages.
- Operating in Industry having high barriers to entry.
- Long Standing Relationships with customers.
- Experienced management team and qualified personnel with significant industry experience.
- The company industry operates under a complex licensing and excise framework, which is subject to evolving laws, rules, and regulations, as well as legal uncertainties, including potential unfavorable interpretations of corporate and tax laws.
- Dependence on exclusive selling rights and potential changes in market rights of the Company may adversely affect its business.
- The company has long-standing relationship with its suppliers for the spirits and wines that the company distribute and market. An increase in the cost of, or a shortfall in the availability of such spirits and wines or its inability to leverage existing or new relationships with the company suppliers could have an adverse effect on its business and results of operations.
- The company is substantially dependent on the sales of its whisky and tequila which generated 72.39%, 65.77%, 59.33% and 49.58% of its revenue from operations from nine month period ended December 31, 2024, Fiscals 2024, 2023 and 2022. Any reduction in sales of these products could have material adverse effect on its business, financial condition, results of operations and prospects.
- Our success relies on our ability to strengthen and grow our brand portfolio, which is key to driving consumer recognition and business growth.