Monika Alcobev IPO Receives 42.92 Lakh Bids by Midday on Day 1; NII Portion Subscribed 3.97x
By Shishta Dutta | Published at: Jul 16, 2025 07:23 PM IST
Mumbai, July 16, 2025 – Monika Alcobev Limited’s SME IPO opened to a moderate response on Day 1, receiving 37,63,200 bids across investor categories as of 3:19 PM. The ₹153 crore public issue, which opened today on the BSE SME platform, will remain open for subscription until July 18, 2025.
Day 1 Subscription Status (as of 3:19 PM IST)
| Category | Shares Offered | Applications | Shares Bid For | Subscription (x) |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 10,75,200 | – | 6,29,200 | 0.59 |
| Non-Institutional Investors (NII) | 8,06,400 | – | 31,99,200 | 3.97 |
| • Above ₹10L Sub-segment | 5,37,600 | 713 | 31,10,800 | 5.79 |
| • Up to ₹10L Sub-segment | 2,68,800 | 713 | 88,400 | 0.33 |
| Retail Individual Investors (RII) | 18,81,600 | – | 4,64,000 | 0.25 |
| Total | 37,63,200 | 713 | 42,92,400 | 1.14 |
Key Insights
- The NII segment led demand, with 3.97 times oversubscription as corporates and high-net-worth individuals actively participated.
- The retail portion subscribed at 25%, indicating a cautious approach on opening day.
- Monika Alcobev IPO is priced in a band of ₹271–₹286 per share with a minimum lot size of 400 shares (₹1,14,400 at upper band).
IPO Timeline & Listing
- IPO Closes: July 18, 2025
- Allotment Date: July 21, 2025
- Refunds/Share Credit: July 22, 2025
- Listing Date: July 23, 2025 (BSE SME)
About Monika Alcobev
Incorporated in 2015, Monika Alcobev Limited is a premium importer and distributor of luxury alcoholic beverages with exclusive rights to over 70 international brands, including Jose Cuervo, Rémy Martin, and Bushmills. The company has a dominant market share in tequila (19.0%) and rum (12.3%) imports in India, serving over 20 states and multiple export markets.
Stay tuned for further updates on subscription levels and institutional demand as the issue progresses.
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