Monika Alcobev IPO

About Monika Alcobev IPO

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 47,91,200 equity shares of face value ₹10 each. The offer for sale portion includes up to 10,00,000 equity shares of face value ₹10 each. The total number of shares and aggregate amount are yet to be finalised.

Monika Alcobev Limited operates both domestically within India and internationally across countries in the Indian subcontinent region, including Nepal, Sri Lanka and the Maldives. Domestically, the company has an extensive reach, with distribution capabilities across more than 20 states and union territories in India. This broad distribution network allows them to cater to a diverse and expansive customer base, ensuring that premium alcoholic beverages are accessible in various markets across the country. Internationally, the company leverages its infrastructure to serve key Indian subcontinent markets, bringing world-class products to regions with rapidly growing demand for luxury spirits and wines.

Objectives of Monika Alcobev IPO

• Funding working capital requirements of the company.
• Pre-payment or repayment of certain outstanding borrowings availed by the company from banks/financial institutions.
• General corporate purposes.

Industry Outlook

The Indian alcoholic beverage industry has been one of the fastest-growing markets in the world. With an expanding population and middle class, favourable demographics, rising disposable income levels, greater preference for premium food and drink experiences, and acceptance of alcoholic beverages in social circles, the market will continue to grow. Increased liquor consumption in rural areas is going to be another major reason for growth in the market. India's high population growth rate is adding 13 million drinking-age adults every year, out of which 3-5 million people approximately end up consuming alcohol in some form. With a growing number of people joining the workforce sooner than in the past, together with changing lifestyles and dismantling of social barriers to the consumption of alcohol, this is driving growth in the alcoholic beverage market in India. Greater social acceptance for drinking among women and in Tier II and Tier III towns is expected to open newer profitable consumer segments.

The premium and luxury alcoholic beverage market in India is undergoing a transformative shift, with a growing demand for bottled-in-origin (BIO) imports alongside the steady expansion of bottled-in-India (BII) offerings. Indian consumers are increasingly prioritising authenticity, heritage, and geographical indications (GIs) that ensure quality and provenance. This evolving landscape is driven by globalisation, rising disposable incomes, and an enhanced appreciation for premium spirits and wines. Overall, India's premium and luxury alco-beverage market is being shaped by a dual trend—the growing preference for BIO imports, driven by geotagged authenticity, and the rise of high-quality BII products. As consumer preferences continue to evolve, India is witnessing a well-balanced market where globally recognised spirits and wines coexist with premium domestic offerings, reflecting a broader shift toward quality, heritage, and experiential consumption.

Company Information

Monika Alcobev Limited is a leading player in the imported liquor sector, offering a diverse portfolio of premium and luxury alcoholic beverages (Source: Technopak Report). The company specialises in importing, sales, distribution, and marketing of luxury spirits, wines, and liqueurs throughout India and the Indian subcontinent, including travel retail duty-free shops. It provides complete supply chain solutions through its robust distribution network. Founded by Bhimji Nanji Patel and under the leadership of their managing director, Kunal Bhimji Patel, they have consistently worked towards reshaping the alcoholic beverage landscape.

The company holds exclusive selling rights to more than 70 renowned global brands for India and Indian subcontinent countries and is responsible for their strategic brand development and market expansion. They offer a comprehensive operational framework to their partner brands, which includes managing the entire supply chain process, starting with import, followed by sales and distribution across the region. Additionally, the company handles pricing, strategic planning, brand development, and marketing to ensure that each brand effectively reaches its target audience and achieves growth in the Indian market and Indian subcontinent market. Their diversified product portfolio includes iconic names such as Jose Cuervo (tequila), Bushmills (Irish whisky), Rémy Martin (cognac), Cointreau (liqueur), Choya (liqueur) and Belenkaya (vodka), all brands with a legacy of excellence. The company achieved the highest realisation per case at ₹17,017 (Source: Technopak Report).

The company holds a 19.0% share in tequila imports, marking its strong position amid growing demand for premium agave-based spirits (Source: Technopak Report). They also command a 7.5% share in liqueur imports, underscoring their rising influence in niche and indulgent segments (Source: Technopak Report). Additionally, they maintain a 1.9% share in gin and Geneva imports, focusing on catering to the evolving preferences in white spirits (Source: Technopak Report). The rum segment sees them as the top importer with a commanding 12.3% market share (Source: Technopak Report).

Anchor Investor Bidding Date: 15 July 2025

Registrar: MUFG Intime India Private Limited

Book Running Lead Managers: Marwadi Chandarana Intermediaries Brokers Private Limited

Business Model

The company earns its revenue through offering a diverse portfolio of premium and luxury alcoholic beverages.

Company Growth Trajectory

The company's revenue from operations during the fiscal years that ended 2025, 2024 and 2023 was ₹236.15 crores, ₹189.20 crores and ₹139.78 crores respectively, showing a year-on-year increase of 24.81% and 35.36% respectively. Further, their profit after tax during the fiscal years ended 2025, 2024 and 2023 was ₹23.11 crores, ₹16.60 crores and ₹13.03 crores respectively, showing a year-on-year increase of 39.27% and 27.41% respectively.

How to check allotment status of Monika Alcobev IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Monika Alcobev Limited IPO, visit the official website of MUFG Intime India Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
• Choose 'Monika Alcobev Limited' in the next dropdown
• Enter your application number
• Enter your PAN
• Click 'Search'

Your Monika Alcobev Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Monika Alcobev Limited IPO allotment status.

Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:

• Application number
• PAN

Then click 'Submit'. Your Monika Alcobev Limited IPO bid and allotment details will be displayed.

How to apply for Monika Alcobev IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.