Monika Alcobev Limited IPO

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Monika Alcobev Limited is a leading player in India’s imported liquor sector, offering a premium and luxury portfolio of over 70 globally renowned alcoholic beverage brands. The company holds exclusive selling rights for India and the Indian Subcontinent, including Nepal, Sri Lanka, and the Maldives. It specializes in importing, distributing, and marketing spirits, wines, and liqueurs and operates across multiple channels including retail, HORECA, embassies, and duty-free shops.

Product Portfolio

Company has exclusive selling rights for global brands such as Jose Cuervo (Tequila), Bushmills (Irish Whisky), Rémy Martin (Cognac), Cointreau, Choya, Belenkaya, Laurent-Perrier, and more

Geographic Reach

a) India: Distribution across 20+ states & UTs

b) International: Serves markets in Nepal, Sri Lanka, and the Maldives

As of FY25, the company has established a strong presence with over 5,000 customer touchpoints across retail shops, hotels, restaurants, clubs, and other distribution channels. Compny Served 69 to 77 key customers annually in FY23–FY25

Infrastructure & Supply Chain

i) The company operates 6 strategically located warehouses across Maharashtra, Delhi, Haryana, and Karnataka to support its nationwide distribution network.

ii) A dedicated master warehouse at Nhava-Sheva (Mumbai) facilitates efficient import handling and central inventory management.

Competitive Advantages

i) High Entry Barriers: Complex state-wise licensing and GST exclusion make compliance tough; Monika Alcobev’s regulatory expertise offers a clear edge.

ii) Strong Distribution Network: Trusted ties with distributors and retailers ensure premium shelf space across on-trade and off-trade channels.

iii) Focused Brand Marketing: Over 372 activations in FY24 supported by digital, influencer, and on-ground campaigns boost brand visibility.

Objects of the Monika Alcobev Limited IPO:

The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner: 1. Funding working capital requirements of the Company (₹100.63 crore) 2. Pre-payment or repayment of certain outstanding borrowings availed by Company from Banks/ Financial Institutions (₹11.45 crore) 3. General Corporate Purposes
DRHP of Monika Alcobev Limited IPO
RHP of Monika Alcobev Limited IPO

Monika Alcobev Limited IPO Details:

Open Date: Jul 16 2025
Close Date: Jul 18 2025
Total Shares: 57,91,200
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 153.68 Cr.
Lot Size: 400 Shares
Issue Price: ₹ 271-286 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Bhimji Nanji Patel is the Promoter, Chairman, and Whole-Time Director of the Company. He has been associated with the Company since its incorporation. Although he does not hold formal educational qualifications, he is a highly skilled professional with a strong background in management. In the past, he has served as Karta of Bhimji Nanji Patel HUF, and as a Partner in both Infinity and Monika Enterprises. With over 18 years of experience in the clothing and alcoholic beverage industries. 2. Kunal Bhimji Patel is the Promoter and Managing Director of the Company and has been associated with it since its inception. He holds a Bachelor of Commerce degree from the University of Mumbai. He was previously associated with Monika Enterprises as a Partner. With over 10 years of experience in the alcoholic beverage industry, he is presently responsible for managing the Company’s sales, marketing, and operations. 3. Prasannakumar Baliram Gawde is an Independent Director of the Company, having joined the Board in January 2024. He is a qualified Chartered Accountant and holds a Certificate of Practice from the Institute of Chartered Accountants of India (ICAI).

Financials of Monika Alcobev Limited IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Monika Alcobev Limited IPO:

  1. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.

Registrar of Monika Alcobev Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Monika Alcobev Limited IPO:

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