Mumbai-based liquor importer Monika Alcobev is set to launch its initial public offering (IPO) next week, marking the third-largest SME IPO of 2025. The Rs 165.6-crore public issue will be open for subscription from July 16-18.

The company, which imports and sells premium global liquor brands, will launch its anchor book for institutional investors on July 15. The share allotment for the IPO is expected to be finalized by July 21, with trading on the BSE SME platform scheduled to begin on July 23.

Here are the key details of the upcoming public issue.

IPO Structure and Size

The Monika Alcobev IPO consists of two parts: * A fresh issuance of 47.91 lakh shares, which aims to raise Rs 137.03 crore. * An offer-for-sale (OFS) of 10 lakh shares worth Rs 28.6 crore by existing shareholders, Deven Mahendrakumar Shah and Rhetan Estate.

With a total size of Rs 165.6 crore, this is the third-largest SME IPO of the current year, following the issues of Safe Enterprises Retail Fixtures and Capital Numbers. The price band for the public issue has been fixed at Rs 271-286 per share.

About the Company

Monika Alcobev is an importer and distributor of premium and luxury alcoholic beverages, holding exclusive selling rights in India and neighboring countries for over 70 global brands. Some of its well-known brands include Jose Cuervo Tequila, Bushmills Irish Whisky, Rémy Martin Cognac, Cointreau, and Belenkaya Vodka. The company claims to have a significant market position, with a 19 percent share in tequila imports and a 7.5 percent share in liqueur imports.

The company has shown strong financial growth in the last fiscal year. * Profit After Tax (PAT): Grew by 39.3 percent to Rs 23.1 crore for the year ended March 2025, up from Rs 16.6 crore in the previous year. * Revenue from Operations: Increased by 24.8 percent to Rs 236.1 crore in the same period, compared to Rs 189.2 crore in the previous financial year.

Use of Proceeds and Shareholding

The company plans to use the funds from the fresh issue for its business operations and debt reduction. Of the Rs 137.03 crore to be raised, Rs 100.6 crore will be used for working capital requirements, while Rs 11.45 crore will go towards repaying debt. As of March 2025, the company had outstanding borrowings of Rs 174 crore.

Promoters Bhimji Patel and Kunal Patel currently hold a 79.96 percent stake in the company. The remaining 20.04 percent is held by public shareholders, including private equity firm Minerva Ventures Fund.