The initial public offer (IPO) of Monika Alcobev received bids for 1,57,82,800 shares as against 41,80,800 shares on offer. The issue was subscribed 3.78 times.
Qualified Institutional Buyers (QIBs) bid for 27,36,000 shares, Non-Institutional Investors (NIIs) for 75,58,800 shares, while individual investors (IND category bidding for 2 lots) placed bids for 54,88,000 shares.
The issue opened for bidding on 16 July 2025 and it closed on 18 July 2025. The price band of the IPO was set at Rs 271 to 286 per share. The equity shares will list on BSE’s SME platform.
The IPO comprised 57,91,200 equity shares, including a fresh issue of 47,91,200 equity shares and offer for sale (OFS) of 10,00,000 equity shares.
The company intends to utilize the net proceeds for funding working capital requirements of the company, prepayment or repayment of certain outstanding borrowings availed by the company from banks/financials institutions and general corporate purposes.
Ahead of the Monika Alcobev on Tuesday, 15 July 2025, raised Rs 46.05 crore from anchor investors. The board has allotted 16.10 lakh shares at Rs 286 per share to 14 anchor investors.
Monika Alcobev is 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.
The company recorded revenue from operations of Rs 236.14 crore and a net profit of Rs 23.11 crore for the period ended 31 March 2025.