Liquor importer Monika Alcobev's SME IPO, the third largest of 2025, to hit Dalal Street next week

Monika Alcobev IPO

Mumbai-based liquor importer Monika Alcobev is set to launch its Rs 165.6-crore initial public offering (IPO) for the public next week. This would be the second SME IPO hitting next week after Spunweb Nonwoven.

All investors can bid for the public issue during July 16-18, while the anchor book for institutional investors will be launched on July 15.

The company will finalise IPO share allotment by July 21 and the trading in Monika Alcobev shares will commence on the BSE SME effective July 23.

The Monika Alcobev IPO comprises of fresh issuance of 47.91 lakh shares worth Rs 137.03 crore, and an offer-for-sale of 10 lakh shares worth Rs 28.6 crore by existing shareholders Deven Mahendrakumar Shah, and Rhetan Estate.

This would be the third largest SME IPO in terms of size in the current year, after Safe Enterprises Retail Fixtures, and Capital Numbers which launched IPOs worth over Rs 169 crore.

The price band for the Monika Alcobev IPO has been fixed at Rs 271-286 per share.

Click Here To Read All IPO News

Monika Alcobev offers premium and luxury alcoholic beverages (like Jose Cuervo-Tequila, Bushmills-Irish Whisky, Rémy Martin-Cognac, Cointreau-Liqueur, Choya-Liqueur and Belenkaya-Vodka), holding exclusive selling rights for more than 70 renowned global brands for India and Indian subcontinent countries.

The company claims to be having a 19 percent share in tequila imports, and commanding a 7.5% share in liqueurs imports.

The Rs 100.6 crore out of the fresh issue proceeds will be utilised for the working capital requirements, and Rs 11.45 crore for repaying debt. It had outstanding borrowings of Rs 174 crore as of March 2025.

Promoters Bhimji Patel and Kunal Patel hold 79.96 percent stake in Monika Alcobev. And the remainder 20.04 percent shares are owned by public shareholders including private equity firm Minerva Ventures-owned Minerva Ventures Fund (2.13 percent stake), and Karthik Sundar Iyer (1.07 percent).

The financial performance of the company has been strong in the past years. Profit in the year ended March 2025 grew by 39.3 percent to Rs 23.1 crore, up from Rs 16.6 crore in the previous financial year, and the revenue increased by 24.8 percent to Rs 236.1 crore, up from Rs 189.2 crore during the same period.

Marwadi Chandarana Intermediaries Brokers is the sole merchant banker handling the Monika Alcobev IPO.