Financial firm Vidhigya Associates moves forward with Monika Alcobev's ₹165.63 crore Initial Public Offering (IPO)
Monika Alcobev Limited, a leading player in the imported liquor sector, has made a significant step forward in its growth journey with a successful initial public offering (IPO) of equity shares totaling ₹165.628 crore. The IPO was subscribed 3.78 times, indicating strong investor interest, and listed on the BSE SME platform on July 23, 2025, at ₹288.
Vidhigya Associates, Advocates, acted as the Sole Legal Counsel to the IPO of Monika Alcobev Limited. The transaction team from Vidhigya Associates consisted of Partner Vijeta Mishra and Associate Partner Mohit Parekh.
The IPO included a fresh issue and an offer for sale by certain shareholders, with Deven Mahendrakumar Shah and Rhetan Estate Private Limited offering equity shares amounting to ₹28.6 crore. The proceeds from Monika Alcobev Limited's IPO are earmarked for working capital, debt repayment, and general corporate purposes.
Monika Alcobev Limited offers a diverse portfolio of premium and luxury alcoholic beverages and provides a complete supply chain solution through its robust distribution network, specializing in importing, sales, distribution, and marketing for luxury spirits, wines, and liqueurs.
While the stock exchange where the shares will be listed was not specified, the IPO was successfully subscribed and listed on the BSE SME platform. The details about the size of other members in the transaction team were not disclosed.
This move marks a significant milestone for Monika Alcobev Limited as it embarks on its journey as a publicly traded company. With a strong market presence and a commitment to offering high-quality products, the company is poised for continued growth and success in the coming years.
The successful IPO of Monika Alcobev Limited has garnered interest from various players in the finance industry, opening avenues for potential collaborations in business. The proceeds from the IPO will be utilized in finance areas such as working capital, debt repayment, and general corporate purposes.
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