Here are the full details of the Monika Alcobev Limited IPO (also listed as “Monica Alcobev” in some sources):
Founded: 2015 (incorporated as Pvt Ltd in 2022)
Business: Import, marketing & distribution of 70+ premium/luxury global alcohol brands (e.g., Jose Cuervo, Bushmills, Rémy Martin, Cointreau) across India & South Asia (Nepal, Sri Lanka, Maldives, Bangladesh)
Market share (Technopak): 19% tequila, 12.3% rum, 7.5% liqueurs, 1.9% gin/geneva
Infrastructure: 6 bonded warehouses across Maharashtra, Delhi, Haryana, Karnataka, including Mumbai’s Nhava-Sheva
IPO Timeline
- Open Date: July 16, 2025
- Close Date: July 18, 2025
- Basis of Allotment: Expected July 21, 2025
- Initiation of Refunds: Jul 22, 2025
- Credit of Shares to Demat: Jul 22, 2025
- Listing Date: Tentatively July 23, 2025 on BSE SME
IPO Details
- Face Value: ₹10 per share
- Price band: ₹271 – ₹286 per equity share
- Lot size: 400 shares per lot
- Total shares: 57,91,200 (₹165.6 crore approx)
- Fresh issue: 47,91,200 shares (~₹137 crore)
- Offer For Sale (OFS): 10,00,000 shares (~₹28.6 crore)
- Issue Type: Bookbuilding IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 1,66,58,761 shares
- Share Holding Post Issue: 2,14,49,961 shares
GMP of Monika Alcobev Limited IPO
The Grey Market Premium (GMP) for the Monika Alcobev Limited IPO currently stands at ₹0, meaning there’s no premium in the grey market at present.
Promoters of Monika Alcobev Limited IPO
Here are the promoter details for Monika Alcobev Limited IPO:
1. Bhimji Nanji Patel
- Role: Founder, Whole-time Director & Chairman
- Background: Established the original partnership firm “Monika Enterprises” in 2015, which evolved into Monika Alcobev Limited in 2022.
- Expertise: Spearheads company strategy, brand partnerships, and overall corporate oversight.
2. Kunal Bhimji Patel
- Role: Promoter, Managing Director & CEO
- Background: Co-founder and driving force behind operations, scaling business to manage import, marketing, distribution, logistics, and regional growth across India and subcontinent markets.
Summary
- Bhimji Nanji Patel is the company’s visionary founder and Chairman, with roots in the original 2015 partnership.
- Kunal Bhimji Patel leads daily operations and strategic business expansion as Managing Director.
- Together, they retain majority control post-IPO, ensuring stability in leadership and ongoing execution of their premium global spirits vision.
Monika Alcobev Limited IPO Lot Size
Here’s the lot size information for the Monika Alcobev Limited IPO, presented clearly in a table:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 800 | ₹2,28,800 |
| Individual investors (Retail) (Max) | 2 | 800 | ₹2,28,800 |
| S-HNI (Min) | 3 | 1,200 | ₹3,43,200 |
| S-HNI (Max) | 8 | 3,200 | ₹9,15,200 |
| B-HNI (Min) | 9 | 3,600 | ₹10,29,600 |
Summary:
You must apply in multiples of 400 shares (1 lot), with a minimum investment of ₹114,400 based on the upper price band.
Monika Alcobev Limited IPO Promoter Holding
| Share Holding Pre Issue | 79.96% |
| Share Holding Post Issue | 62.08% |
Key Insights:
- Before the IPO, promoters held nearly their entire stake—95.15 % of equity
- After the IPO, their share is set to reduce:
- Based on Angel One data: from 79.96% down to around 62.08% (post-fresh issue inclusion).
- While dilution will occur, promoters will still retain controlling majority post-listing.
About Monika Alcobev Limited
Monika Alcobev—established as a family-run business in 2015 by Bhimji Nanji Patel—was formally incorporated as Monika Alcobev Limited in 2022. Its mission: to bring the world’s finest premium and luxury alcoholic brands to the Indian market under the tagline #OnlyTheBest.
The company is headquartered in Mumbai and currently employs around 190–250 full-time professionals in sales, marketing, logistics, and distribution.
Business Model & Portfolio
- Core Activities: Importing, marketing, warehousing, and distribution of premium/global spirits, wines, and liqueurs across India and subcontinent markets (Nepal, Sri Lanka, Maldives, Bangladesh), as well as travel retail channels.
- Distribution Reach: Over 20 Indian states, plus presence in neighboring countries and duty-free outlets.
- Infrastructure: Robust supply chain with six bonded warehouses in key states, including a central facility at Mumbai’s Nhava-Sheva port for efficient operations.
Exclusive Partnerships: Holds rights to over 70 renowned global brands, including:
- Jose Cuervo (tequila)
- Bushmills (Irish whiskey)
- Rémy Martin (Cognac)
- Cointreau, Choya (liqueurs)
- Onegin (vodka)
Market Position
According to Technopak data (via the DRHP), Monika Alcobev’s market share in India stands at:
- Tequila: 19.0%
- Rum: 12.3%
- Liqueurs: 7.5%
- Gin & Geneva: 1.9%
Awards & Events
- Active participant in premium beverage events such as ProWine Mumbai 2023 and Vinexpo India 2024, where it won multiple awards:
- ProWine Mumbai 2023: Silver for Hayman’s Gin, bronze for Viva El Ron rum, silver for 1800 Tequila.
- Vinexpo India 2024: 8 Best‑in‑Show, plus 9 gold and 17 silver awards across various beverage categories.
Summary
Monika Alcobev Limited stands out as a modern, professionally-run, family-founded importer and distributor focused on premium alcohol beverages. With impressive financial growth, exclusive brand alliances, strategic logistics, and strong awards recognition, it’s well-positioned in a niche but high-value segment. However, it must navigate regulatory variability, debt burden, and dependency on brand partnerships.
Monika Alcobev Limited Financial Information
Here’s a detailed snapshot of Monika Alcobev Limited financial performance over the last three fiscal years, based on restated data:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹323.89 Crore | ₹216.42 Crore | ₹128.53 Crore |
| Revenue | ₹238.36 Crore | ₹191.28 Crore | ₹140.36 Crore |
| Profit After Tax | ₹23.11 Crore | ₹16.60 Crore | ₹13.03 Crore |
| EBITDA | ₹46.19 Crore | ₹32.14 Crore | ₹24.67 Crore |
| Net Worth | ₹96.01 Crore | ₹58.53 Crore | ₹17.12 Crore |
| Reserves and Surplus | ₹79.35 Crore | ₹56.24 Crore | ₹15.12 Crore |
| Total Borrowing | ₹174.10 Crore | ₹123.16Crore | ₹72.06 Crore |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPIs) for Monika Alcobev Limited based on the IPO disclosures and financial reports:
| KPI | Values |
|---|---|
| ROE | 29.91% |
| ROCE | 16.21% |
| Debt/Equity | 1.81 |
| RoNW | 24.07% |
| PAT Margin | 9.79% |
| EBITDA Margin | 19.56% |
| Price to Book Value | 4.94 |
Notes:
- These KPIs are calculated based on projected and restated financials for 2024–2025 (from DRHP and analysts).
- P/E Ratio is in line with the BSE SME segment average, showing reasonable pricing.
- High RoNW and consistent margins indicate healthy fundamentals and effective business execution.
Strengths of Monika Alcobev Limited IPO
- Strong Market Presence in Premium Segment
- Monika Alcobev holds significant market share in niche premium categories—19% in tequila, 12.3% in rum, and 7.5% in liqueurs—giving it a strong competitive edge in a high-growth segment.
- Robust Distribution and Logistics Infrastructure
- With bonded warehouses in multiple states (including a key hub at Mumbai’s Nhava Sheva port), the company controls its logistics chain, leading to higher efficiency, better inventory management, and reduced costs.
- Diversified Geographic Reach
- The company distributes products across 20 Indian states and in international markets like Nepal, Sri Lanka, Bangladesh, and the Maldives, along with duty-free and travel retail channels, ensuring wide exposure and lower dependency on a single geography.
- Consistent Revenue and Profit Growth
- Over the past three years, Monika Alcobev has shown strong financial growth—revenue has grown at a CAGR of over 30%, and PAT margins have remained steady around 9-10%, demonstrating operational efficiency and scalability.
Risks of Monika Alcobev Limited IPO
- Highly Regulated Industry
- Alcohol distribution is subject to complex, state-specific laws and taxes in India. Changes in excise policies, import duties, or license restrictions can directly impact margins and sales volumes.
- Dependence on Key Supplier Agreements
- A major part of the company’s business is built on exclusive partnerships with international brands. If any of these agreements are terminated or not renewed, it could significantly hurt revenue and profitability.
- High Working Capital Requirements
- Importing, warehousing, and distributing alcoholic beverages require substantial working capital. Any delays in collections or inventory turnover could strain liquidity.
- Debt Load and Leverage
- As of FY25, the company has around ₹174 crore in borrowings, and a debt-to-equity ratio of about 1.81x. Although manageable, high leverage adds financial risk, especially in a downturn or regulatory tightening.
Monika Alcobev Limited Contact Details
Here are the official contact details for Monika Alcobev Limited, including both their corporate office and dedicated investor relations contacts:
Corporate Office
- Address: 605, Remi Commercio, Off Link Road, Industrial Area, Andheri West, Mumbai, Maharashtra 400053
- Phone: +91‑22‑62363155
- General Email: [email protected]
Investor Relations
For Institutional Investors
- Contact: Mr. Ashish Mandaliya (CFO)
- Address: 24th Floor, Signature, Suresh Sawant Rd, Off Veera Desai Rd, Andheri (West), Mumbai – 400053
- Phone: +91‑22‑65781111
For Retail Investors
- Contact: Mr. Kalpesh Ramina (Company Secretary & Compliance Officer)
- Address: Same as above
- Phone: +91‑22‑62363155
- Grievance Email: investors.relation@monikaalcobev.com
Registrar & Share Transfer Agent
MUFG Intime India Pvt Ltd (formerly Link Intime)
- Address: C‑101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli (West), Mumbai – 400083
- Phone: +91‑8108114949
- Email (IPO & grievances): monikaalcobev.smeipo@in.mpms.mufg.com
Alternate Locations & Contacts
- Registered Office (MCA): Unit No. 1107, 11th Floor, Remi Commercio, Shah Ind Est., Andheri West, Mumbai 400053
- Alternate Phone/E-mail (TradeAtlas): +91‑22‑26103213 / info@monikaalcobev.com
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