Monika Alcobev IPO: ₹166 crore issue opens for subscription; check price band, lot size, key dates and more

Monika Alcobev IPO: The BSE SME issue of liquor importer Monika Alcobev opened for subscription on Wednesday, July 16. The issue will conclude on July 18. The price band has been fixed at ₹271 to ₹286 per share.

The company seeks to raise ₹165.63 crore via fresh issuance of 47.91 lakh shares worth ₹137.03 crore and an offer for sale (OFS) valued at ₹28.60 crore.

Under the OFS, shareholders Deven Mahendrakumar Shah and Rhetan Estate Private Limited will be offloading their stake.

The net proceeds from the issue will be utilised to fund working capital requirements, repayment of certain borrowings and general corporate purposes.

On Tuesday, the luxury alcoholic beverages importer and distributor mobilised ₹46.06 crore from anchor investors, including Craft Emerging Market Fund, Pine Oak Global Fund, Vikasa India, North Star Opportunities Fund, Krushnam Nexus Capital, Viney Growth Fund, Nexus Equity Growth Fund and Century India Opportunity Fund.

Monika Alcobev IPO lot size

A lot consists of 400 shares. The minimum investment for individual investors is two lots for 800 shares. High-net-worth individuals need to apply for at least 1,200 shares.

Monika Alcobev IPO allotment and listing date

The basis of allotment of Monika Alcobev is likely to be finalised on July 21. The listing on the BSE SME platform would occur on July 23.

Marwadi Chandarana Intermediaries Brokers Pvt Ltd is the issue's book-running lead manager, while MUFG Intime India is the registrar.

Monika Alcobev IPO GMP

About Monika Alcobev

Monika Alcobev is a leading player in the imported liquor space, offering an array of premium and luxury alcoholic beverages. It holds a specialisation in importing, sales, distribution, and marketing of luxury spirits, liqueurs, and wines across India and the Indian subcontinent, including travel retail duty-free shops.

It holds a 19% share in tequila imports and a 12.3% market share in rum imports. It maintains a 7.5% share in liqueur imports and commands a 7.5% share in gin and Geneva imports.