The SME IPO of Monika Alcobev Ltd is set to close today, Friday, July 18. As of 10:14 AM on the final day of bidding, the IPO had received a subscription of 1.66 times, with investors bidding for 62,53,600 shares against 37,63,200 shares on offer.
According to market sources, Monika Alcobev’s unlisted shares are trading at Rs 296 in the grey market, compared to the IPO’s upper price band of Rs 286. This implies a grey market premium (GMP) of Rs 10 or 3.5%, indicating limited investor enthusiasm and a potentially weak listing.
It is important to note that GMP fluctuates based on market sentiment and is not an official metric.
Retail Individual Investors (RIIs): Subscribed 0.97 times
Non-Institutional Investors (NIIs): Subscribed 4.04 times
Qualified Institutional Buyers (QIBs): Subscribed 1.09 times
The Monika Alcobev IPO price band has been fixed in the range of Rs 271 to Rs 286 per equity share.
Minimum lot size: 400 shares
Minimum investment for retail investors: Rs 2,16,800 (400 shares at Rs 286)
Investors can apply in multiples of 400 shares, aligning with standard SME IPO norms.
The basis of allotment for Monika Alcobev IPO will be finalized on July 21, 2025. Successful applicants can expect the equity shares to be listed on the BSE SME platform on July 23, 2025.
The Rs 165.63 crore public issue is a book-built SME IPO, consisting of:
Fresh Issue: 47.91 lakh shares worth Rs 137.03 crore
Offer for Sale (OFS): 10 lakh shares worth Rs 28.60 crore
The proceeds from the fresh issue will be utilized to support the company’s growth plans, including working capital and general corporate purposes.
Founded in 2015, Monika Alcobev Ltd is a premium alcoholic beverage importer and distributor operating across India and the Indian Subcontinent. The company handles more than 70 premium global liquor brands, catering to:
HORECA (Hotels, Restaurants, Cafes)
Retail outlets
Travel retail segment
As of March 31, 2025, the company employed 191 full-time staff, supporting its distribution network and expansion efforts.
Monika Alcobev has demonstrated strong financial growth:
Revenue growth: 25% YoY
Profit After Tax (PAT): Increased by 39% between FY24 and FY25
This performance underpins the company’s credibility as a growing player in the premium beverages market.
Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Registrar: MUFG Intime India Private Limited (Link Intime)
Market Maker: Bhansali Value Creations Private Ltd.