Monika Alcobev IPO lists today. Check GMP ahead of debut

Synopsis

Monika Alcobev is ready for its stock market launch on July 23. The IPO aims to raise ₹165 crore. Funds will support working capital and debt repayment. The company is a major importer of premium liquor. It distributes brands like Jose Cuervo. Revenue and profit are up. The IPO values the company at ₹613.47 crore.

Monika Alcobev is set to make its market debut on the BSE SME platform on July 23 after concluding a Rs 165 crore IPO that received strong institutional and retail interest.

However, in a cautious signal, the IPO is showing no premium in the grey market (GMP at 0%) ahead of listing, despite the company’s strong financial performance and niche positioning in the premium liquor distribution space.

The IPO, priced at Rs 286 per share, comprised a fresh issue of 47.91 lakh shares worth Rs 137 crore and an offer for sale of 10 lakh shares worth Rs 29 crore.

The funds raised will be primarily used for working capital (Rs 100.64 crore) and partial debt repayment (Rs 11.45 crore). At the issue price, the IPO values the company at a post-issue market capitalisation of Rs 613.47 crore.

Monika Alcobev is a leading importer and distributor of premium alcoholic beverages in India and neighbouring markets like Nepal, Maldives, and Sri Lanka.

With a portfolio of over 70 international brands including Jose Cuervo and Bushmills, the company serves retail, HORECA, and travel retail segments through a well-structured distribution and bonded warehouse network.

Its revenue and net profit grew by 25% and 39% respectively in FY25, underscoring strong growth and profitability.

While the absence of GMP signals a flat listing, long-term investors may still find value in Monika Alcobev’s differentiated business model, consistent growth, and asset-light structure in a high-barrier, premium segment.

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