White & Blue whisky producer Alcobrew Distilleries files IPO papers with Rs 258-crore fresh issue

The liquor producer may also consider raising funds up to Rs 51.65 crore via pre-IPO placement before the public issue launch

Gurugram-based White & Blue and Golfer’s Shot whisky producer Alcobrew Distilleries India has filed draft papers with the SEBI to raise funds via initial public offering.

The company plans to raise Rs 258.3 crore by issuing fresh shares, while promoter Romesh Pandita will be selling 1.8 crore shares via offer-for-sale route.

The liquor producer may also consider raising funds up to Rs 51.65 crore via pre-IPO placement before the public issue launch. If it mobilises funds through pre-IPO found the said amount will be reduced from the fresh component.

Alcobrew Distilleries, the official licensee for manufacturing and sales of David Campari's Old Smuggler Scotch and Old Smuggler Rum brands, will utilise Rs 140 crore of fresh issue proceeds for repayment of certain borrowings.

Further, Rs 28.9 crore will be spent for construction of visitor centre and new maturation hall in Gamber Valley (Himachal Pradesh), Rs 24.78 crore for market expenses for new product launches, and the remaining amount for general corporate purposes.

Incorporated in 2002, the company, which enjoys 3.79 percent market share of the North India whisky market and a 11.02 percent in Delhi, manufactures over 13 different brands of whisky, vodka, rum, brandy and scotch with total bottling capacity of 6.40 million cases.

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Alcobrew Distilleries has recorded net profit at Rs 69.5 crore for the fiscal 2025, growing by 11 percent compared to Rs 62.6 crore in previous year, but revenue during the same period fell by 1.5 percent to Rs 1,615 crore, down from Rs 1,640.1 crore.

The company that competes with listed peers like United Spirits, Radico Khaitan, Allied Blenders & Distillers, Tilaknagar Industries, and Piccadily Agro Industries earned more than 70 percent of its business from White & Blue, and Golfer’s Shot whisky brands, while One More Vodka contributed over 10.5 percent to the topline.

Motilal Oswal Investment Advisors is appointed as the sole book running lead manager for the Alcobrew Distilleries IPO.