Monika Alcobev: Monika Alcobev shares get listed at 0.7% premium!Monika Alcobev: Monika Alcobev shares get listed at 0.7% premium!

Monika Alcobev shares had a flat listing on July 23 at ₹288 on BSE SME, just 0.7% above the IPO price of ₹286. The ₹165.63 crore SME IPO, open from July 16 to 18, was subscribed 4.08 times, reflecting solid investor interest.

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The IPO received bids for 1.53 crore shares against 37.63 lakh on offer. Retail investors subscribed 2.92 times, NIIs 8.86 times, while QIBs led with the highest subscription at 12.54 times.

Monika Alcobev Limited, established in 2015, imports and distributes premium alcoholic beverages across India and the subcontinent. With over 70 global brands, it serves HORECA, retail, and travel segments, backed by 250+ professionals managing logistics, distribution, and brand marketing.

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The objective of Monika Alcobev’s IPO is to fund working capital requirements, support general corporate purposes, and meet issue-related expenses, enabling the company to strengthen operations and support future growth in the alcoholic beverages distribution segment.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.