Monika Alcobev IPO Sees 1.73x Bids So Far Amid Final Day Activity

Mumbai, 18 July 2025: Monika Alcobev Ltd’s initial public offering (IPO) has been subscribed 1.73 times so far on the last day of bidding. The issue opened for subscription on 16 July 2025 and will close today, 18 July. Bidding is underway across all investor categories, with continued participation expected throughout the trading day.

As per available data at 10:19 AM IST, a total of 64.99 lakh shares have been bid for against the 37.63 lakh shares available to the public, excluding anchor and market maker portions. Investor interest is distributed across qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail individual investors (RIIs).

Non-Institutional Investors Place Heaviest Bids to Date

Non-institutional investors (NIIs), especially high-value applicants (bNII), account for the sharpest activity in the issue so far. As of the latest data, NIIs have bid for 33.96 lakh shares, which equates to 4.21 times their allocated quota of 8.06 lakh shares. This allocation divides further into:

• bNII (above ₹10 lakh per application): Subscribed 6.58 times, with bids for 35.38 lakh shares against an allocation of 5.38 lakh shares.
• sNII (below ₹10 lakh): Subscribed 1.02 times, with bids for 2.75 lakh shares against an allocation of 2.69 lakh shares.

These figures suggest that high-net-worth investors have placed significantly more bids overall, though the smaller-bid segment also reached full subscription.

Retail Investors Show Moderate Engagement

The retail investor portion has recorded 1.03 times subscription, with bids totaling 19.36 lakh shares against an allocation of 18.81 lakh shares. Individual investors were eligible to apply for a minimum of 2 lots (800 shares), equating to ₹2,28,800 at the upper edge of the price band of ₹271 to ₹286. This level of participation indicates that individual investors have largely consumed their allotted shares, although further bids may still be received.

QIB Segment Registers Over One-Time Subscription

Qualified institutional buyers (QIBs) have placed bids totaling 11.67 lakh shares, surpassing their allocation of 10.75 lakh shares, resulting in 1.09 times subscription. QIB participation often increases towards the end of the bidding period, and this early figure may yet rise further.

Overall Subscription Reflects Current Demand

Monika Alcobev IPO is structured into several key segments:

• Anchor Investors: 16.10 lakh shares offered; subscribed 1 time.
• Market Maker: 4.18 lakh shares offered; subscribed 1 time.
• QIB: 10.75 lakh shares; subscribed 1.09 times.
• NII: 8.06 lakh shares; subscribed 4.21 times.
• Retail: 18.82 lakh shares; subscribed 1.03 times.

In total, 37.63 lakh shares are being offered to public investors, non-inclusive of the anchor and market-maker allocations. As of the update, the IPO has received bids for 64.99 lakh shares, amounting to ₹185.88 crore at the upper price band. Anchor investors applied for 16.10 lakh shares (₹46.06 crore), while market makers subscribed to 4.18 lakh shares (₹11.94 crore).

IPO Structure and Pricing

Monika Alcobev’s public offering comprises a total issue size of 57.91 lakh shares (₹165.63 crore), which includes:

• Fresh issue: 47.91 lakh shares (₹137.03 crore)
• Offer for sale: 10.00 lakh shares (₹28.60 crore)

The share allotment breakdown is:

• QIBs: 26.86 lakh shares (46.37%)
• HNI/NII: 8.06 lakh shares (13.92%)
• Retail: 18.82 lakh shares (32.49%)
• Anchor investor: 16.10 lakh shares (27.81%)

The price band is set between ₹271 and ₹286, with a lot size of 400 shares. Retail investors were allowed to bid for a minimum of 800 shares (2 lots). High-net-worth individuals categorized as sNII and bNII could place bids across 3–8 lots and 9 lots or more, respectively.

Timeline and Next Steps

Bidding opened on 16 July 2025 and will close today, 18 July 2025, at 5:00 PM IST. The allotment is expected to be finalized on 21 July 2025, with refunds processed and shares credited to demat accounts by 22 July 2025, and listing scheduled for 23 July 2025 on the BSE SME exchange.

By mid-morning on the final day, Monika Alcobev’s IPO has achieved an overall subscription level of 1.73 times, driven primarily by strong participation from NIIs. Retail investors have nearly filled their quota, while QIB subscription stands above the one-time limit. Final subscription figures will be clearer once bidding concludes later today.

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