Monika Alcobev is a major player in India’s premium and luxury liquor market. The company has filed its issue papers with SEBI for an Initial Public Offering (IPO). Monika Alcobev IPO consists of fresh issue of up to 48,00,000 equity shares and an offer for sale (OFS) of up to 10,00,000 equity shares aggregating to a total public offer of up to 58,00,000 equity shares of face value INR 10 each.
Monika Alcobev IPO will be listed on the BSE SME Platform. Marwadi Chandarana Intermediaries Brokers is acting as the Book Running Lead Manager (BRLM) to the issue, while MUFG Intime India is the registrar.
Monika Alcobev IPO Details
Out of the total offer, the OFS component includes sale of up to 5,45,600 equity shares by Deven Mahendrakumar Shah and up to 4,54,400 equity shares by Rhetan Estate. Monika Alcobev plans to utilize the net proceeds from the fresh issue for working capital requirements (up to INR 100.41 crores), repayment of certain outstanding borrowings (up to INR 11.78 crores) and general corporate purposes.
Monika Alcobev IPO – Overview
Founded by Bhimji Nanji Patel and led by Managing Director Kunal Bhimji Patel, Monika Alcobev is a leading importer and distributor of luxury spirits, wines and liqueurs across India and the Indian Subcontinent. The company has exclusive rights to over 70 global brands including Jose Cuervo (Tequila), Bushmills (Irish Whiskey), Rémy Martin (Cognac), Cointreau (Liqueur), Choya (Liqueur), and Belenkaya (Vodka).
The company has a strong supply chain with six warehouses in Maharashtra, Karnataka, Delhi and Haryana including a master warehouse at Nhava-Sheva in Mumbai. This infrastructure underpins Monika Alcobev’s efficient import-to-distribution logistics model.
Financial Performance
Monika Alcobev has demonstrated strong financial performance in recent years. As per restated financials the company’s revenue from operations was INR 189.20 crores in FY 2024, up 35.36% from INR 139.78 crores in FY 2022–23. Profit after tax was up 27.41% to INR 16.60 crores in FY 2023–24.
Other key metrics include:
- EBITDA of INR 32.14 crores in FY 2024
- EBITDA Margin at 16.99 percent
- Return on Net Worth (RoNW) at 28.35 percent
- Return on Capital Employed (RoCE) at 16.19 percent
- Net Worth grew from INR 17.12 crores in FY 2023 to INR 58.53 crores in FY 2024
Market Opportunity and Industry Trends
As per Technopak Report in DRHP, Monika Alcobev has 19.0% share in tequila imports, 12.3% in rum, 7.5% in liqueurs and 1.9% in gin and geneva making it a major player in imported spirits.
India’s beverage industry is expected to grow further driven by increasing disposable income, growing legal drinking age (LDA) population and increasing social acceptance of alcohol consumption. The industry is also witnessing a shift towards premiumisation with demand rising for high quality and imported spirits especially Bottled-in-Origin (BIO) offerings. Monika Alcobev is well placed to benefit from these trends with its global tie-ups and strong domestic distribution network.
Monika Alcobev IPO – Growth Outlook
The company will continue to use its brand partnerships and distribution network to grow in domestic and sub continental markets including Nepal, Sri Lanka and Maldives. Its client base includes HORECA (hotels, restaurants and catering), embassies, retail outlets, ship stores and duty free shops which shows the wide reach of the company.
The DRHP notes Monika Alcobev’s strategic focus on brand development, market adaptation, and consumer targeting—key drivers of its past and future success.
Bottom Line
With a strong presence in India’s premium and luxury segment Monika Alcobev IPO will scale up the business, strengthen supply chain and increase market share. Backed by global brand tie ups, growing portfolio and strong financials the company is betting big on the growing demand for good spirits in India and the Indian subcontinent. As the alco-bev industry continues to premiumise Monika Alcobev’s IPO could be a toast to long term growth in a rapidly changing market.
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