Monika Alcobev IPO receives 4.08 times subscription

Mumbai, 18 July 2025: Monika Alcobev Limited’s initial public offering (IPO) has received an overall subscription of 4.08 times by the final day of bidding, July 18, 2025. The IPO, which opened for subscription on July 16, drew interest across categories, with particularly high bids from non-institutional investors (NIIs).

Individual and NII Participation Boosts Final Subscription Figures

As per the exchange data available at 5:04:38 PM on July 18, the retail portion of the IPO was subscribed 2.92 times. Non-institutional buyers bid 8.86 times the shares on offer to them. The Qualified Institutional Buyers (QIBs) portion saw a subscription of 2.54 times.

Among NIIs, the bNII (investors placing bids above ₹10 lakh) segment recorded the highest participation, subscribing 12.38 times. The sNII (bids below ₹10 lakh) segment saw a subscription of 3.37 times. Retail investors, applying under the individual category, bid for 54,88,000 shares against the 18,81,600 on offer, resulting in a 2.92 times subscription.

Qualified Institutional Buyers Show Steady Bidding Through Three Days

The QIB segment showed consistent interest across all three bidding days. On Day 1 (July 16), QIBs had subscribed 1.09 times. This remained unchanged on Day 2 and rose to 2.54 times by the close of Day 3. This gradual rise indicates institutional participation gained pace closer to the end of the bidding window, a common trend in IPOs following anchor placements.

NIIs Account for Largest Share of Bidding Activity

The non-institutional category, with 8.06 lakh shares on offer, attracted bids for over 71.41 lakh shares. Of these, the bNII sub-segment accounted for a major portion, bidding for over 66.53 lakh shares. The overall bid amount for NIIs reached ₹204.24 crore. This included ₹190.29 crore from bNIIs and ₹25.89 crore from sNIIs.

Retail Investors Subscribe Nearly Three Times the Offered Quota

Retail investors were offered 18.81 lakh equity shares in the issue. By the end of the third day, they placed bids for nearly 54.88 lakh shares amounting to a total value of ₹156.96 crore.

The retail subscription was spread across applications mostly in the two-lot format, in line with the minimum application requirement.

Day-Wise Subscription Data Shows Rising Interest Over Time

Subscription momentum for the IPO increased steadily over the three-day bidding period. On Day 1, the total subscription stood at 1.34 times. This moved up to 1.57 times on Day 2 and closed at 4.08 times on Day 3.

Day-wise breakdown:

• Day 1 (July 16, 2025): Total subscription 1.34x
• Day 2 (July 17, 2025): Total subscription 1.57x
• Day 3 (July 18, 2025): Total subscription 4.08x

Monika Alcobev IPO Structure and Offer Details

The IPO comprises a fresh issue of 47.91 lakh equity shares worth ₹137.03 crore and an offer for sale (OFS) of 10.00 lakh shares aggregating to ₹28.60 crore, making the total issue size ₹165.63 crore.

The price band for the IPO is set between ₹271 and ₹286 per share. The minimum lot size is 400 shares. For retail applicants, the minimum investment stands at ₹2,16,800. High Net-Worth Individuals (HNIs) were required to apply for at least three lots (1,200 shares), with a minimum application size of ₹3,43,200.

Anchor and Market Maker Contributions Locked Ahead of Bidding

Before the public bidding window opened, the IPO had already secured participation from anchor investors, who subscribed to 16.10 lakh shares worth ₹46.06 crore. Market makers were allocated 4.17 lakh shares valued at ₹11.94 crore.

Listing and Allotment Timeline Confirmed

The basis of allotment for Monika Alcobev IPO is expected to be finalised on Monday, July 21, 2025. Shares are scheduled to be listed on the BSE SME platform with a tentative listing date of Wednesday, July 23, 2025.

Company Background and Market Presence

Monika Alcobev Limited is engaged in the import and distribution of premium alcoholic beverages across India and neighbouring regions. Its portfolio includes over 70 globally recognised brands such as Jose Cuervo, Bushmills, and Onegin Vodka.

The company operates across India, Sri Lanka, Bangladesh, Nepal, and the Maldives, catering to sectors including HORECA, retail, and duty-free markets. With a workforce of over 250 professionals, Monika Alcobev handles logistics, distribution, and brand management across its operating territories.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations