Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Aspri Spirits Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 11, 2025 to raise funds through Initial Public Offer (IPO).
Aspri Spirits Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹140.00 crores and an offer for sale (OFS) of upto 0.50 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Aspri Spirits IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹140 Cr) |
| Offer for Sale | 50,00,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,61,83,468 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Dec 11, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Established in 2004, ASPRI Spirits Limited functions as an integrated marketing, development, and distribution partner for global alco-beverage brands in India and South Asia. The company operates an asset-light model focused on importing, marketing, and distributing international alcoholic beverages, supported by strategic brand development initiatives.
As of September 30, 2025, ASPRI managed a diversified portfolio of 323 brands sourced from 89 suppliers across 36 countries, covering categories such as whisky, vodka, gin, tequila, rum, brandy & cognac, liqueurs, wine, and beer. Its portfolio included 835 SKUs, making it one of the largest in India by brand portfolio size. The company also emerged as the largest importer of BIO wines by volume in Fiscal 2025.
ASPRI’s distribution network extended across 28 states and union territories, reaching more than 17,000 outlets, and serving over 1,800 customers in institutional, retail, hospitality, and travel retail segments. Its customer base includes state corporations, luxury hotels, bars, restaurants, retail stores, and duty-free operators. Operations are supported by dedicated compliance teams, regional sales professionals, and four bonded warehouses located in Mumbai, Delhi, Bengaluru, and Gurugram.
The company holds exclusive import and distribution rights for several global brands, including Dalmore Single Malt Whisky, Zonin Wines, Evan Williams and Elijah Craig Bourbons, and Meukow Cognacs. ASPRI benefits from a geographically diversified supplier base spanning Europe, the Americas, Asia, Africa, and Australia.
As of September 30, 2025, the company has 287 employees.
Aspri Spirits Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 230.44 | 229.14 | 222.69 | 190.22 |
| Total Income | 119.90 | 463.07 | 420.86 | 379.47 |
| Profit After Tax | 9.84 | 17.44 | 15.54 | 19.52 |
| EBITDA | 15.44 | 37.44 | 35.27 | 37.39 |
| NET Worth | 64.66 | 73.68 | 56.56 | 42.30 |
| Reserves and Surplus | 51.56 | 73.29 | 56.17 | 41.92 |
| Total Borrowing | 93.07 | 102.25 | 102.44 | 74.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company; | 76.00 |
| 2 | Investment in the Subsidiaries namely Vinspri Distributors Private Limited, P M Marketing Private Limited, Asdis Drinks India Private Limited and Aspri Spirits FZE for repayment or pre-payment, in full or in part, of certain or all of its borrowings; and | 29.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.66% |
| ROCE | 19.61% |
| RoNW | 23.66% |
| PAT Margin | 3.78% |
| EBITDA Margin | 8.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.66 | |
| Promoter Holding | 68.55% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) | |
| 2 | Advertising and marketing expenses | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 5 | Printing and distribution of Offer stationery | |
| 6 | Others | |
| 7 | Regulatory filing fees, book building software fees, listing fees etc. | |
| 8 | Fee payable to Statutory Auditor | |
| 9 | Fees payable to other intermediaries | |
| 10 | Fee payable to legal counsel | |
| 11 | Miscellaneous |
Lead Manager Reports
Aspri Spirits IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Aspri Spirits IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aspri Spirits IPO using UPI as a payment gateway. Zerodha customers can apply in Aspri Spirits IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aspri Spirits IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aspri Spirits IPO dates are not announced. Please check back again after some time.
Aspri Spirits IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Aspri Spirits IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aspri Spirits IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aspri Spirits IPO allotment status.
The Aspri Spirits IPO listing date is not yet announced. The tentative date of listing is .
