Monika Alcobev IPO Details

Bookbuilding IPO | ₹166 Cr | Listed at BSE SME | Wed, Jul 16, 2025 - Fri, Jul 18, 2025

Monika Alcobev IPO Logo

Monika Alcobev IPO is a book build issue of ₹165.63 crores. The issue is a combination of fresh issue of 0.48 crore shares aggregating to ₹137.03 crores and offer for sale of 0.10 crore shares aggregating to ₹28.60 crores.

Monika Alcobev IPO bidding started from Jul 16, 2025 and ended on Jul 18, 2025. The allotment for Monika Alcobev IPO was finalized on Jul 21, 2025. The shares got listed on BSE SME on Jul 23, 2025.

Monika Alcobev IPO price band is set at ₹286 per share. The lot size for an application is 400. The minimum amount of investment required by an individual investor (retail) is ₹2,28,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,200 shares), amounting to ₹3,43,200.

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Bhansali Value Creations Pvt.Ltd..

Refer to Monika Alcobev IPO RHP for detailed Information.

IPO Open

Wed, Jul 16, 2025

IPO Close

Fri, Jul 18, 2025

Issue Price

₹286 per share

Market Cap (Pre-IPO)

₹613.47 Cr

IPO Details

IPO Date16 to 18 Jul, 2025
Listed onWed, Jul 23, 2025
Face Value10 per share
Price Band₹271 to ₹286
Issue Price₹286 per share
Lot Size400 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size57,91,200 shares
(agg. up to ₹166 Cr)
Reserved for Market Maker
4,17,600 shares
(agg. up to ₹12 Cr)
Bhansali Value Creations Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
43,73,600 shares
(agg. up to ₹125 Cr)
Offer for Sale10,00,000 shares of ₹10
(agg. up to ₹29 Cr)
Net Offered to Public53,73,600 shares
(agg. up to ₹154 Cr)
Share Holding Pre Issue1,66,58,761 shares
Share Holding Post Issue2,14,49,961 shares
BSE Script Code 544451
ISININE0LCG01010

IPO Timetable

Issue Reservation

Monika Alcobev IPO comprises a total issue size of 57,91,200 shares. The net offer to the public is 53,73,600 shares, after excluding 4,17,600 shares allotted on a firm basis. Of the Net offer 26,85,600 (49.98%) are allocated to QIB, 8,06,400 (15.01%) allocated to NII 18,81,600 (35.02%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 26,85,60049.98%46.37%
  − Anchor Investor Shares Offered 16,10,40027.81%
  − QIB (Ex. Anchor) Shares Offered 10,75,20018.57%
NII (HNI) Shares Offered 8,06,40015.01%13.92%
  − bNII > ₹10L 5,37,6009.28%
  − sNII < ₹10L 2,68,8004.64%
Retail Shares Offered 18,81,60035.02%32.49%
Firm Reservations
Market Maker Shares Offered 4,17,6007.21%
Total Shares Offered 57,91,200100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples of 400 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 800 ₹2,28,800
Individual investors (Retail) (Max) 2 800 ₹2,28,800
S-HNI (Min) 3 1,200 ₹3,43,200
S-HNI (Max) 8 3,200 ₹9,15,200
B-HNI (Min) 9 3,600 ₹10,29,600
IPO Subscription Details

IPO Anchor Investors

Monika Alcobev IPO raises ₹46.06 crore from anchor investors. Monika Alcobev IPO Anchor bid date is July 15, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateTue, Jul 15, 2025
Shares Offered16,10,400
Anchor Portion (₹ Cr.)46.06
Anchor lock-in period end date for 50% shares (30 Days)Wed, Aug 20, 2025
Anchor lock-in period end date for remaining shares (90 Days)Sun, Oct 19, 2025

About Monika Alcobev Ltd.

Incorporated in 2015, Monika Alcobev Limited is an importer and distributor of luxury alcoholic beverages in India and the Indian Subcontinent.

With a portfolio exceeding 70 premium brands, Monika Alcobev offers a comprehensive range of spirits, wines, and liqueurs, including renowned names like Jose Cuervo, Bushmills, and Onegin Vodka.

The company operates across India, Nepal, Maldives, Sri Lanka, and Bangladesh, serving sectors such as HORECA, retail, and travel retail. With a dedicated team of over 250 professionals, Monika Alcobev ensures seamless logistics, distribution, and marketing to deliver exceptional alcobev experiences.

As on March 31, 2025, the company had 191 full-time employees.

Competitive Strengths:

  • Bonded Warehouses ensuring Supply-Chain Efficiencies
  • One of the leading player in the imported liquor sector, offering a diverse portfolio of premium and luxury alcoholic beverages.
  • Operating in Industry having high barriers to entry
  • Long Standing Relationships with customers
  • Experienced management team and qualified personnel with significant industry experience

Company Financials (Restated)

Monika Alcobev Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets323.89216.42128.53
Total Income238.36191.28140.36
Profit After Tax23.1116.6013.03
EBITDA46.1932.1424.67
NET Worth96.0158.5317.12
Reserves and Surplus79.3556.2415.12
Total Borrowing174.10123.1672.06
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding working capital requirements of the Company 100.64
2 Pre-payment or repayment of certain outstanding borrowings availed by the Company 11.45
3 General Corporate Purposes 7.77

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE29.91%
ROCE16.21%
Debt/Equity1.81
RoNW24.07%
PAT Margin9.79%
EBITDA Margin19.56%
Price to Book Value4.94
Pre IPOPost IPO
EPS (₹)13.8710.78
P/E (x)20.6126.54
Promoter Holding79.96%62.08%
Market Cap613.47 Cr.
Bhimji Nanji Patel and Kunal Bhimji Patel are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
MAL leads the pack of imported liquor sector with wide portfolio of products. It specializes in importing and marketing of luxury spirits, wines in and around Indian subcontinents, including India. The company posted steady growth in its top and bottom lines for the reported periods. Based on recent set of financial data, the issue appears aggressively priced. Well-informed investors may park moderate fund for medium term.
Read detail review...

Monika Alcobev IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0100
Members0000

Monika Alcobev IPO Subscription Status (Bidding Detail)

The Monika Alcobev IPO is subscribed 4.08 times on July 18, 2025 5:04:38 PM (Day 3). The public issue subscribed 2.92 times in the individual investors category, 2.54 times in the QIB category, and 8.86 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
QIB2.5410,75,20027,36,0000
NII*8.868,06,40071,41,2000
    bNII (bids above ₹10L)12.385,37,60066,53,6008,459
    sNII (bids below ₹10L)3.372,68,8009,05,2008,459
Individual Investors2.9218,81,60054,88,0000
Total4.0837,63,2001,53,65,2008,459

Total Application : 8,459

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Manager fees [including underwriting] 17.49
2 Brokerage, selling commission and other uploading fees 0.01
3 Fees payable to Registrar to the Offer 0.04
4 Fees to the legal advisor, audit / chartered accountant fees 0.04
5 Advertising and marketing expenses 0.11
6 Fees payable to regulators including stock exchange 0.18
7 Printing and distribution expenses 0.01
8 Miscellaneous 2.82

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price286.00
Open288.00
Low274.10
High289.95
Last Trade288.00

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • +91-22-4918 6270
  • monikaalcobev.smeipo@in.mpms.mufg.com
  • Visit Website

Contact Details

Monika Alcobev Ltd. Address
2403, 24th Floor,
Signature, Suresh Sawant Road,
Off Veera Desai Road, Andheri (West),
Mumbai, Maharashtra, 400053
  • +91 022 6578 111
  • investors.relation@monikaalcobev.com
  • Visit Website
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IPO FAQs

Monika Alcobev IPO is a SME IPO of 57,91,200 equity shares of the face value of ₹10 aggregating up to ₹166 Crores. The issue is priced at ₹286 per share. The minimum order quantity is 400.

The IPO opens on Wed, Jul 16, 2025, and closes on Fri, Jul 18, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Monika Alcobev IPO using UPI as a payment gateway. Zerodha customers can apply in Monika Alcobev IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Monika Alcobev IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Monika Alcobev IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Monika Alcobev IPO opens on Wed, Jul 16, 2025 and closes on Fri, Jul 18, 2025.

Monika Alcobev IPO lot size is 400, and the minimum amount required for application is ₹2,28,800, with 2 lots being the minimum application size.

You can apply in Monika Alcobev 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 Monika Alcobev IPO will be done on Monday, July 21, 2025, and the allotted shares will be credited to your demat account by Tue, Jul 22, 2025. Check the Monika Alcobev IPO allotment status.

The Monika Alcobev IPO listing date is on Wed, Jul 23, 2025.

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