Monika Alcobev came to market through an SME IPO that opened on 16 July 2025 and closed on 18 July 2025, and the shares listed on 23 July 2025 on BSE SME. The price band was ₹271 to ₹286 per share and one lot was 400 shares, so the minimum application was ₹1,14,400. The issue size was ₹153.68 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Marwadi Chandarana Intermediaries Brokers Pvt. Limited was the lead manager.
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Established in 2015, Monika Alcobev Limited is a distributor and importer of high-end alcoholic drinks in India and the Indian Subcontinent. With a collection of over 70 high-end brands, Monika Alcobev provides an extensive product portfolio of spirits, wines, and liqueurs with well-known names such as Jose Cuervo, Bushmills, and Onegin Vodka. The firm functions throughout India, Nepal, Maldives, Sri Lanka, and Bangladesh in the sectors of HORECA, retail, and travel retail.
With a team of more than 250 professionals dedicated to the firm, Monika Alcobev facilitates smooth logistics, distribution, and marketing to provide wonderful alcobev experiences. The firm had 191 full-time employees as on March 31, 2025.
As described in the offer document.
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Bhimji Nanji Patel, Kunal Bhimji Patel. Promoter holding 79.96% before the issue and 62.08% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Monika Alcobev IPO was a ₹153.68 crore book-built issue, comprising a fresh issue of ₹125.08 crore and an offer for sale of ₹28.6 crore. It was priced at ₹271–₹286 per share with a lot size of 400 shares; the minimum retail application was 800 shares (₹2,28,800). The IPO was open from July 16 to July 18, 2025. Shares listed on BSE SME on July 23, 2025 at ₹288, a 0.7% premium to the issue price of ₹286.
MUFG Intime India Private Limited (Link Intime) is the registrar. Marwadi Chandarana Intermediaries Brokers Pvt. Limited is the book running lead manager.
The price band of Monika Alcobev IPO is ₹271 to ₹286 per share.
The lot size of Monika Alcobev IPO is 400 shares.
The minimum investment for Monika Alcobev IPO is approximately ₹1,14,400 based on the upper price band.
The allotment date of Monika Alcobev IPO is Jul 21, 2025.
You can check Monika Alcobev IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Monika Alcobev IPO allotment status on Rupix for quick and easy access.
₹271 to ₹286 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 400 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,14,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,14,400, for one lot of 400 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 July 2025 and closed on 18 July 2025.
The basis of allotment was published on 21 July 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 23 July 2025 on BSE SME.
The issue size was ₹153.68 crore. The fresh issue was 43,73,600 shares (aggregating up to ₹125.08 crore). The offer for sale was 10,00,000 shares (aggregating up to ₹28.6 crore).