Monika Alcobev, a leading distributor of premium and luxury alcoholic beverages in India, has officially filed papers with SEBI to launch its Initial Public Offering (IPO).
The IPO will include the sale of 58 lakh equity shares—48 lakh new shares and 10 lakh existing shares (offered for sale). The shares will be listed on the BSE SME platform. Marwadi Chandarana Intermediaries Brokers will manage the issue, and MUFG Intime India will handle registration.
Where the Funds Will Go
Monika Alcobev plans to use the funds raised from the IPO for:
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Working capital needs (₹100.41 crore)
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Repayment of certain loans (₹11.78 crore)
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General corporate expenses
Company Background
Founded by Bhimji Nanji Patel and currently led by Managing Director Kunal Bhimji Patel, Monika Alcobev is known for importing and distributing some of the world’s top spirits in India. They hold exclusive distribution rights to over 70 international brands, including:
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Jose Cuervo (Tequila)
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Bushmills (Irish Whiskey)
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Rémy Martin (Cognac)
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Cointreau, Choya, and Belenkaya Vodka
Their logistics are powered by six warehouses across key states, with a central hub at Nhava Sheva port in Mumbai, enabling a streamlined import-to-distribution process.
Strong Financial Growth
The company’s financials show solid growth:
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Revenue in FY 2024: ₹189.2 crore (up 35.36% from FY 2023)
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Profit after tax: ₹16.6 crore (up 27.41%)
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EBITDA: ₹32.14 crore
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EBITDA Margin: 16.99%
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Return on Net Worth: 28.35%
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Net Worth jumped from ₹17.12 crore to ₹58.53 crore within a year
Market Position and Industry Trends
According to a Technopak report:
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Monika Alcobev has a 19% share in tequila imports
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12.3% in rum, 7.5% in liqueurs, and 1.9% in gin/geneva
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The Indian alco-bev industry is shifting towards premium and imported spirits, driven by rising incomes, urban lifestyles, and a growing legal drinking age population
This shift works in Monika Alcobev’s favor, given its strong global partnerships and well-established distribution network.
Future Plans
Monika Alcobev aims to expand further across India and neighboring countries like Nepal, Sri Lanka, and the Maldives. Its clients include hotels, restaurants, embassies, duty-free shops, and retail outlets—reflecting its wide market reach.
The Bottom Line
Monika Alcobev’s IPO is a step toward strengthening its presence in the premium liquor segment, expanding supply chains, and tapping deeper into the Indian subcontinent. With its impressive financial track record and portfolio of globally recognized brands, the company is poised for long-term growth in India’s booming alco-bev market.
