Monika Alcobev IPO GMP : Date, GMP, And Price

Monika Alcobev IPO - Complete Overview

Monika Alcobev IPO under the SME IPO category is a book-build issue of Rs. 153.68 Cr by Monika Alcobev Limited. The company was established in 2015 and operates as an importer and distributor of luxury alcoholic drinks, specialising in their distribution in India and the Indian Subcontinent.

Among Monika Alcobev's premium brands are Bushmills, Onegin Vodka, and Jose Cuervo. In addition, ‘more than 70 other spirits, wines, and liqueurs’ are also included in the catalogue.

The company has a presence throughout all of India as well as in Nepal, the Maldives, Sri Lanka, and Bangladesh. In these markets, Monika Alcobev’s customers include HORECA, retail, and travel retail sectors. It serves these customers through logistics, distribution, and marketing integrated for the Alcobev industry, catered by over 250 professionals for optimal customer satisfaction.

Monika Alcobev IPO Overview

The Monika Alcobev IPO date is on 16 July 2025, and its initial public offering will end on 18 July 2025. 

The Rs. 153.68 Crore new SME IPO comprises a fresh issue of 47.91 lac shares (Rs. 137.03 Cr and an offer for sale of 10 lac shares (Rs. 28.60 Cr). 

The Monika Alcobev IPO listing date (expected) might be on Wednesday, Jul 23, 2025, and listing at the BSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	323.89	216.42	128.53
Total Revenue	238.36	191.28	140.36
PAT	23.11	16.60	13.03
Net Worth	96.01	58.53	17.12
Reserves & Surplus	79.35	56.24	15.12
Borrowings	174.10	123.16	72.06

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(2,592.14)	(5,363.60)	(615.03)
Net Cash Flow Investing Activities	(2,603.16)	(1,348.67)	103.68
Net Cash Flow Financing Activities	5,201.90	6,725.60	(254.71)

 

Revenue Bifurcation

Sales-wise Revenue Bifurcation

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's operating cash needs.

• Repayment or prepayment of some outstanding loans that the company has obtained.

• General corporate purposes.

 

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Listed Peers of Monika Alcobev Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Evaluation

The Monika Alcobev Limited IPO price is Rs. 271 to Rs. 286 for each Share.

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 13.94 from the last year, the resulting P/E ratio is 20.51x.

Considering the weighted EPS of Rs. 12.38 for the last three years, the P/E ratio is 23.10x

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IPO's Strengths

• Working in a field where entry hurdles are high.

• History of around 10 years.
  
  
  

IPO’s Weaknesses

• Regulatory complexity and uncertainty.

• Foreign exchange risk. 

• Restrictions on advertisement. 

• There is a ban on mass media advertising in India. The company cannot leverage traditional means of advertising, hindering the promotion and growth of its brands.

• Pricing of products rests solely with the excise departments for each state. Any failures to or delays in setting new Maximum Retail Prices (MRPs) can severely constrict profitability.

• Revenues of the business are tied exclusively to its brand partnerships for distribution. The termination or non-renewal of these agreements will result in substantial lost revenues.

• Dependence on key management. 

• Low relational capital with listed companies.

• There is a potential issue with governance and compliance, as only the Independent Directors possess relational capital with other listed entities, due to a lack of experience as directors in other listed companies.

• Delays have been noted in lodgments with the Ministry of Corporate Affairs (MCA), which poses the risk of incurring penalties or coming under regulatory focus.

 

Monika Alcobev IPO GMP

Monika Alcobev IPO GMP is Rs. 0 as of 11 Jul 2025 at the time of writing this information. Hence, its estimated listing price might be Rs. 286, showing 0% gain/loss in the grey market.

IPO Timetable (Tentative)

The Monika IPO date of opening is from Jul 16 to Jul 18, 2025, allotment on Jul 21, refund initiation on Jul 22, and listing on Jul 23, 2025.

Events	Date
IPO Opening Date	Jul 16, 2025
IPO Closing Date	Jul 18, 2025
IPO Allotment Date	Jul 21, 2025
Refund Initiation	Jul 22, 2025
IPO Listing Date	Jul 23, 2025

 

 

 

Monika Alcobev IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 57,91,200 Shares (Rs. 153.68 Cr) with a market maker portion of 4,17,600 Shares (Rs. 11.94 Cr).

IPO Opening & Closing Date	16 Jul, 2025 to 18 Jul, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 271 to Rs. 286 per Share.
Lot Size	400 Shares
Issue Size	57,91,200 Shares (Rs. 153.68 Cr)
Offer for Sale	10,00,000 (Rs. 28.60 Cr)
Fresh Issue	43,73,600 (Rs. 125.08 Cr)
Listing at	BSE, SME
Issue Type	Book Build Issue
Registrar	MUFG Intime India Private Limited (Link Intime)

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (800 Shares) for Rs. 2,28,800 and in multiples thereof, while for HNI investors, the minimum Lot is 3 (1200 Shares) for Rs. 3,43,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	46.37%
Retail’s Portion	32.49%
Non-Institutional Portion	13.92%

 

Promoters And Management of Monika Alcobev Ltd.

• Bhimji Nanji Patel

• Kunal Bhimji Patel.
  
  

Pre-Issue Promoter Shareholding	79.96%
Post-Issue Promoter Shareholding	62.08%

 

Monika Alcobev IPO Lead Managers

• Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.

 

Dividend Policy

The company has paid a dividend of Rs. 1.40, Rs. 10, and Rs. 10 in FY25, FY24, and FY23, respectively.

 

Conclusion

The Monika Alcobev IPO offers a distinct opportunity to invest in an Alcobev distributor with a strong regional presence and impressive financial growth. Although challenges such as regulatory hurdles and foreign exchange volatility exist, the company’s decade-long track record, paired with a strong portfolio, provides some stability.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.