Monika Alcobev IPO GMP: SME Issue Subscribed 1.66 Times Ahead of Closing Today

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.

Monika Alcobev IPO GMP Today

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, NII, and QIB Participation Breakdown

The subscription data reveals a mixed response across investor categories:

• Retail Individual Investors (RIIs): Subscribed 0.97 times

• Non-Institutional Investors (NIIs): Subscribed 4.04 times

• Qualified Institutional Buyers (QIBs): Subscribed 1.09 times

IPO Price Band, Lot Size, and Investment Requirement

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.

Allotment and Listing Timeline

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.

IPO Structure and Fund Utilization

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.

Company Background: Monika Alcobev Limited

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.

Financial Performance

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.

IPO Lead Manager, Registrar, and Market Maker

• Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.

• Registrar: MUFG Intime India Private Limited (Link Intime)

• Market Maker: Bhansali Value Creations Private Ltd.