Monika Alcobev Limited, a prominent name in the imported liquor segment, has launched its Initial Public Offering (IPO) on July 16, 2025, targeting to raise ₹165.63 crore through a Book Built Issue. The issue includes a Fresh Issue worth ₹137.02 crore and an Offer for Sale (OFS) worth ₹28.6 crore.

The IPO will remain open from July 16 to July 18, and the shares will be listed on the BSE SME platform around July 23, 2025. With a price band set between ₹271 to ₹286 per equity share, Monika Alcobev aims to attract retail and institutional investors by showcasing strong financial growth and sector dominance.

About the Company

Monika Alcobev is one of India’s leading luxury alcohol importers and distributors. It deals in premium spirits, wines, and liqueurs, catering to customers across India and the Indian Subcontinent, including Travel Retail and Duty-Free segments. The company offers complete supply chain solutions, backed by an expansive and efficient distribution network.

Their strategic positioning and premium portfolio have enabled them to become a key player in the high-end liquor market.

IPO Details at a Glance

• Issue Size: ₹165.63 crore

• Fresh Issue: 47.91 lakh shares (₹137.02 crore)

• Offer for Sale: 10.00 lakh shares (₹28.6 crore)

• Price Band: ₹271 – ₹286 per equity share

• Minimum Lot Size: 2 lots = 800 shares = ₹2,28,800

• Market Capitalisation at Upper Band: ₹613.46 crore

• Book Running Lead Manager: Marwadi Chandarana Intermediaries

• Registrar: MUFG Intime India Pvt Ltd

• Market Maker: Bhansali Value Creations Pvt Ltd

Monika Alcobev IPO GMP Today

As of the latest update, Monika Alcobev IPO’s Grey Market Premium (GMP) stands at ₹24, which indicates a potential listing price of around ₹310 — a gain of approximately 8.39% over the upper band.

⚠️ Please note: GMP is an unofficial and speculative indicator. It is influenced by demand and supply in the grey market and should not be the sole decision-making factor.

Monika Alcobev Anchor Investor Participation

The company successfully raised ₹46.05 crore from anchor investors on July 15, 2025, by allocating 16,10,400 shares at ₹286 per share. This reflects institutional confidence in the company’s business model and financial trajectory.

Utilisation of IPO Proceeds

The company intends to use the net proceeds for the following purposes:

1. ₹100.63 crore for working capital requirements

2. ₹11.45 crore for prepayment/repayment of borrowings

3. Remaining for general corporate purposes

These allocations reflect the company’s intention to grow its operations and reduce debt, thereby improving financial health.

Financial Performance Overview

Monika Alcobev has demonstrated consistent and impressive financial growth over the past three fiscal years:

This reflects stable expansion, margin improvement, and robust earnings growth.

Key Financial Ratios and Valuation Metrics

• Pre-Issue EPS (FY24): ₹13.94

• Post-Issue EPS (FY24): ₹10.78

• Pre-Issue P/E Ratio: 20.51x

• Post-Issue P/E Ratio: 26.54x

• ROCE (FY24): 16.21%

• ROE (FY24): 29.91%

• RoNW: 24.07%

These metrics show that the IPO is reasonably valued compared to sector peers and offers promising return potential for investors.

Leadership and Promoter Background

The company is spearheaded by Bhimji Nanji Patel and Kunal Bhimji Patel, who bring over 30 years of collective experience in the alcoholic beverage industry. Their leadership has been instrumental in building brand credibility and a wide-reaching distribution network across India.

Monika Alcobev IPO Live Subscription Status

As of 12:30 PM on July 17, 2025, the IPO has been subscribed 1.36 times, indicating healthy demand from both retail and institutional investors. Final subscription numbers will reveal the level of oversubscription by July 18, 2025.

How to Check IPO Allotment Status

Allotment will be finalized on July 21, 2025. Investors can check allotment status on the registrar’s website using:

• Application Number

• PAN Number

• DP/Client ID

The link will go live post 10 AM on the allotment day.

Should You Apply? Analyst Verdict

Considering the company’s:

• Strong financial growth trajectory

• Sound valuation ratios

• Reasonable GMP indicating listing gain

• Proven promoter track record

Analysts recommend subscribing to the Monika Alcobev IPO, particularly for listing gains, with a medium-to-long-term potential as well.

Final Thoughts

Monika Alcobev’s IPO presents a compelling opportunity to invest in a high-margin, premium consumer goods segment. Its strong leadership, financial track record, and clear use of funds make it an attractive pick for investors looking at both listing pop and future scalability.

While there are always risks associated with SMEs and the speculative nature of GMP, Monika Alcobev’s positioning in a growing luxury market may give it an edge. Long-term investors should track post-listing performance, debt-reduction strategy, and profit margins closely.

Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute investment advice or a solicitation to buy or sell any securities. Investors should perform their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. All data is based on information available as of the publication date and may be subject to change.

The Upcoming IPOs in this week and coming weeks are Monarch Surveyors & Engineering Consultants, TSC India, Swastika Castal, Savy Infra, NSDL.

The Current active IPO are Monika Alcobev.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.