Monika Alcobev Limited, a reputed player in the premium imported liquor segment, has launched its Initial Public Offering (IPO), opening on July 16, 2025, and closing on July 18, 2025. The IPO is a Book Built Issue worth ₹165.63 Crores, comprising a Fresh Issue of ₹137.02 Crores and an Offer for Sale worth ₹28.6 Crores. The price band is set between ₹271 to ₹286 per share, and the shares are proposed to be listed on the BSE SME platform.

This article explains in detail all aspects of the Monika Alcobev IPO, including the business profile, issue details, financial performance, GMP, anchor investors, subscription status, valuation, allotment guide, and expert opinion.

About the Company – Monika Alcobev Limited

Monika Alcobev is one of India’s leading importers and distributors of luxury alcoholic beverages. Their product range includes premium spirits, wines, and liqueurs, and they serve the Indian mainland as well as Travel Retail (Duty-Free) sectors. The company provides end-to-end supply chain and marketing support for these brands, making it a preferred partner for global liquor giants entering India.

The company’s strength lies in its robust distribution network, strategic marketing, and ability to cater to a premium customer base. The company is managed by an experienced promoter group – Bhimji Nanji Patel and Kunal Bhimji Patel, with over 30 years of domain expertise.

Monika Alcobev IPO Details

• Issue Size: ₹165.63 Crores

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

• Offer for Sale (OFS): 10 lakh shares (₹28.6 Cr)

• Price Band: ₹271 to ₹286 per share

• Lot Size: 400 shares

• Minimum Investment: 800 shares or 2 lots = ₹2,28,800

• Listing Exchange: BSE SME

• IPO Opening Date: July 16, 2025

• IPO Closing Date: July 18, 2025

• Allotment Date: July 21, 2025

• Tentative Listing Date: July 23, 2025

Lead Manager, Registrar, and Market Maker

• Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt Ltd

• Registrar: MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd)

• Market Maker: Bhansali Value Creations Pvt Ltd

Grey Market Premium (GMP) and Expected Listing Gain

As per grey market sources, Monika Alcobev’s IPO commands a GMP of ₹24, indicating potential listing gains of around 8.39% over the upper price band of ₹286. While GMP is unofficial, it is a sentiment indicator and suggests decent interest from investors.

• IPO Price: ₹286

• Expected Listing Price: ₹310

• GMP: ₹24

• Date of GMP Trend: July 14, 2025

Anchor Investment Details

Before the public offering, Monika Alcobev successfully raised ₹46.05 Crores from Anchor Investors by allocating 16,10,400 shares at ₹286 per share. These funds are drawn from the Qualified Institutional Buyers (QIBs) quota. This participation adds credibility to the IPO and reflects institutional confidence in the company.

Use of IPO Proceeds

The net proceeds of the fresh issue will be utilized for:

1. Working Capital Requirements – ₹100.64 Crores

2. Loan Repayment/Pre-payment – ₹11.45 Crores

3. General Corporate Purposes

This strategy will strengthen the company’s balance sheet, reduce debt, and enable expansion and operational efficiency.

Company Financial Performance – A Strong Growth Story

Over the last three years, Monika Alcobev has shown consistent and impressive growth in revenue and profitability:

The Profit After Tax (PAT) has grown from ₹1,302.56 Lakh in FY23 to ₹2,311.35 Lakh in FY25, indicating a CAGR of over 33% in bottom line.

Key Financial Ratios and Valuation Metrics

• Pre-Issue EPS: ₹13.94

• Post-Issue EPS: ₹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%

• Market Cap at ₹286/share: ₹613.46 Crores

These indicators show strong returns on equity and capital, implying that the IPO is fairly priced compared to peers in the luxury beverage segment.

Monika Alcobev IPO Subscription Status (Live)

As of 12:30 PM on July 17, 2025, the IPO has been subscribed 1.36 times, indicating moderate but steady interest across categories.

Investors can track live status on BSE SME portal to stay updated on subscription patterns.

How to Check IPO Allotment Status

The allotment of Monika Alcobev shares will be finalized on July 21, 2025. To check allotment status:

• Visit the Registrar’s website (MUFG Intime India)

• Select Monika Alcobev Limited IPO

• Enter Application Number / PAN / DP ID

• Submit and view status

Investors can also check via BSE IPO Allotment portal.

Promoter Background and Industry Outlook

Monika Alcobev is driven by promoters with over 30 years of experience, making them well-versed in trends, compliance, and branding strategies of the premium liquor industry.

India’s luxury alcohol market is growing fast due to rising disposable incomes, urbanisation, and changing lifestyle choices, especially in metro cities and premium retail formats like airports.

This places Monika Alcobev in a sweet spot for future growth.

Expert View – Should You Apply?

Considering:

• Consistent growth in revenue and profits

• Strong brand portfolio

• Decent GMP of ₹24

• Reasonable valuation at 26.54x P/E

• Strong Anchor Book participation

We recommend investors to Apply to Monika Alcobev IPO for listing gains and long-term portfolio diversification. While the BSE SME segment has limited liquidity, companies with strong fundamentals often deliver superior post-listing performance.

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 Indiqube Spaces, GNG Electronics, Brigade Hotel Ventures, TSC India, Patel Chem Specialities, Monarch Surveyors & Engineering Consultants, TSC India, Swastika Castal, Savy Infra, NSDL.

The Current active IPO are Monika Alcobev.

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