Monika Alcobev IPO to open on July 16

The initial public offering (IPO) of luxury alcoholic beverage importer Monika Alcobev is set to open for public subscription on July 16. The book-building issue comprises a fresh issue of 4.9 million equity shares and an offer for sale (OFS) of 1 million equity shares.

As per the company’s filing with the regulator in its Red Herring Prospectus (RHP), the IPO will remain open for three days, tentatively closing on July 18. The basis of share allotment is expected to be finalised on July 21, with the company’s stock likely to be listed on the BSE SME platform on July 23.

While the price band and lot size are yet to be disclosed, the company has detailed the allocation structure: not more than 50 percent of the issue is reserved for qualified institutional buyers (QIBs), at least 35 percent for retail individual investors, and 15 percent for non-institutional investors (NIIs).

According to the RHP, the net proceeds from the fresh issue will be utilised to meet working capital requirements, repay debt, and for general corporate purposes.

Monika Alcobev is a prominent player in India’s luxury alcoholic beverages segment, offering a diverse portfolio of premium spirits, wines, and liqueurs. The company is involved in the import, sales, distribution, and marketing of luxury alcobev products across India and the Indian subcontinent, including travel retail and duty-free channels. It holds exclusive selling rights for over 70 globally renowned brands and is responsible for their strategic brand development and market expansion in the region.