Mount Everest Breweries Limited (MEBL) has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹300 crore through an initial public offering (IPO). The proposed public issue comprises a fresh issue of up to 11.5 million equity shares, with the proceeds intended to support the company’s brewing capacity expansion and repayment of existing borrowings. The IPO marks a potential milestone in the growth of the Indian beer industry, as the company looks to strengthen its manufacturing infrastructure and expand its market presence.
According to the proposed issue structure, Mount Everest Breweries plans to allocate ₹230 crore towards partially funding a new brewing facility with an annual production capacity of 1 million hectolitres. The remaining ₹70 crore is earmarked for the repayment or pre-payment of certain outstanding borrowings. The company may also consider a pre-IPO placement, with any funds raised through such a placement adjusted against the proposed fresh issue, subject to the applicable terms.
Brewing Capacity, Brand Portfolio and Financial Performance
Founded in 1999, Mount Everest Breweries operates across economy, core and premium beer segments. As of August 31, 2026, the company had a presence in 16 states and three Union territories, with its products available through 22,229 retail outlets and other touchpoints. Its proprietary brands include Mount’s 6000, Lemount, Mount’s Lager, Dabang and Stok. The company also provides contract brewing services for third-party brands.
The brewer currently operates two manufacturing facilities, located in Indore, Madhya Pradesh, and Mysuru, Karnataka, with installed annual capacities of 2 million hectolitres and 0.8 million hectolitres, respectively. The proposed 1-million-hectolitre facility would add to its existing production infrastructure and support its expansion plans.
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Mount Everest Breweries reported revenue from operations of ₹1,017.8 crore in FY2025–26, compared with ₹546.6 crore in FY2023–24. Its net profit increased from ₹20.36 crore to ₹53.18 crore over the same period, according to the reported financial figures.
Beeline Capital Advisors and Ashika Capital have been appointed as the book-running lead managers, while MUFG Intime India will serve as the registrar to the issue. The company has proposed listing its equity shares on the National Stock Exchange of India and BSE. The IPO price band, subscription dates and listing date were yet to be announced in the available information
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