Monika Alcobev IPO

 

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IPO GMP 
IPO Allotment

 

Objective of the Issue

  1. Funding working capital requirements of our Company.
  2. Pre-payment or repayment of certain outstanding borrowings availed by our Company from Banks/ Financial Institutions.
  3. General Corporate Purposes.

IPO Details, Price, Market Lot

Monika Alcobev IPO Details
IPO Open Date 16 July 2025
IPO Close Date 18 July 2025
IPO Issue Size 57,91,200 Shares (Aggregating up to ₹153.68 Cr)
Fresh Issue 43,73,600 Shares (Aggregating up to ₹125.08 Cr)
Offer for Sale 10,00,000 Shares (Aggregating up to ₹28.60 Cr)
Retail Portion Not less than 35% of the offer
NII Portion Not less than 15% of the offer
QIB Portion Not more than 50% of the offer
Listing At BSE SME
Monika Alcobev IPO Price
Face Value ₹10 Per share
IPO Price Band ₹271 to ₹286 Per share
IPO Issue Type Book Built Issue
Monika Alcobev IPO Time Table (Tentative)
IPO Open Date 16 July 2025
IPO Close Date 18 July 2025
Basis of Allotment Date 21 July 2025
Initiation of Refunds 22 July 2025
Credit of Share to Demat Account 22 July 2025
IPO Listing Date 23 July 2025
Company Promotor & Promotor’s Holding
Kunal Bhimji Patel and Bhimji Nanji Patel are promoters of the company
Pre Issue Promotor Holding 79.96%
Post Issue Promotor Holding 62.08%
Company’s Contact & Address
Monika Alcobev Ltd.
2403, 24th Floor, Signature, Suresh Sawant Road, Off Veera Desai Road, Andheri (West), Mumbai, Maharashtra, 400053
Phone: +91 022 6578 111
Email: investors.relation@monikaalcobev.com
Website: https://monikaalcobev.com/
Monika Alcobev IPO Registrar, Lead Manager, Prospectus
IPO Prospectus
IPO Registrar
MUFG Intime India Private Limited
IPO Lead Manager
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.

Monika Alcobev IPO Lot Size

Number of Shares Per Lot = 400 Shares
Application Lot(s) Shares Amount
Retail (Minimum) 2 800 ₹2,28,800
Retail (Maximum) 2 800 ₹2,28,800
HNI (Minimum) 3 1200 ₹3,43,200
Number of Shares Per Lot = 400 Shares
Application Lot(s) Shares Amount
Retail (Min) 2 800 ₹2,28,800
Retail (Max) 2 800 ₹2,28,800
HNI (Mini) 3 1200 ₹3,43,200

Monika Alcobev Financial Report (Restated)

Period Ended Assets
(₹ in Lakh)		 Revenue
(₹ in Lakh)		 P A T
(₹ in Lakh)		 Net Worth
(₹ in Lakh)		 Borrowings
(₹ in Lakh)
31 March 2025 32389.47 23835.61 2311.35 9600.92 17409.64
31 March 2024 21642.35 19127.64 1659.63 5853.04 12315.72
31 March 2023 12852.81 14035.84 1302.56 1712.19 7205.74
Period Ended 31 March 2025 31 March 2024 31 March 2023
Assets 32389.47 21642.35 12852.81
Revenue 23835.61 19127.64 14035.84
P A T 2311.35 1659.63 1302.56
Net Worth 9600.92 5853.04 1712.19
Borrowings 17409.64 12315.72 7205.74
Amount in ₹ Lakh

About Company

Monika Alcobev Limited is a leading importer, distributor, and marketer of premium and luxury alcoholic beverages in India and the broader South Asian region. The company is headquartered in Mumbai, Maharashtra, and employs over 250 professionals. It has built a strong presence across major Indian cities, including Mumbai, Delhi, Bangalore, Hyderabad, and Goa. It operates in more than 20 Indian states as well as neighbouring countries such as Nepal, Sri Lanka, and the Maldives.

Company Evolution and Leadership

    • Founded: The business originated as Monika Enterprises in 2013, became a partnership in 2015, and rebranded as Monika Alcobev Limited in 2022 to reflect its growth and expanded vision.
    • Founders and Key People: The company was founded by Bhimji Nanji Patel, with Kunal Bhimji Patel serving as CEO and Managing Director. Other key directors include Dhara Kunal Patel, Prasannakumar Baliram Gawde, and Nayan Jagdishchandra Rawal.
    • Workforce: Over 250 employees work across importation, logistics, sales, and marketing functions
    • Warehousing: The company operates six strategically located warehouses, including a major facility at Nhava Sheva, Mumbai, supporting its robust distribution network

Business Operations

  • Core Activities: Monika Alcobev specialises in importing, distributing, and marketing a wide range of global spirit brands, wines, and liqueurs. The company serves retail outlets, the HORECA sector (hotels, restaurants, cafes), embassies, ship stores, and travel retail (duty-free) markets.
  • Brand Portfolio: The company represents more than 70 globally renowned brands, including:
    1. Jose Cuervo (Tequila)
    2. Rémy Martin (Cognac)
    3. Bushmills (Irish Whiskey)
    4. Cointreau (Liqueur)
    5. Choya (Liqueur)
    6. Belenkaya (Vodka)
  • Product Range: Their offerings span tequila, mezcal, whiskey, rum, brandy, cognac, gin, vodka, pisco, and liqueurs

Market Position

  • Market Share: Monika Alcobev holds significant shares in various imported liquor segments within India:
    1. 19% of tequila imports
    2. 12.3% of rum imports
    3. 7.5% of liqueurs
    4. 1.9% of gin and geneva

 

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