Investment firm Vidhigya Associates initiates IPO of Monika Alcobev, valued at approximately ₹165.63 crores
Vidhigya Associates, Advocates Assist Monika Alcobev Limited in Successful IPO
Monika Alcobev Limited, a leading company in the imported liquor sector, successfully listed on the BSE SME platform on July 23, 2025, at a price of ₹288 per share. The initial public offering (IPO) of equity shares totaled ₹165.628 crore, with the fresh issue amounting to ₹137.028 crore.
Vidhigya Associates, Advocates served as the Sole Legal Counsel for this significant milestone for Monika Alcobev Limited. The law firm provided comprehensive legal advice throughout the IPO process, ensuring compliance with all necessary regulations. Marwadi Chandarana Intermediaries Brokers were also advised by Vidhigya Associates, Advocates on this occasion.
The IPO of Monika Alcobev Limited was subscribed 3.78 times, indicating strong investor interest. The proceeds from the IPO will be utilised for working capital, debt repayment, and general corporate purposes.
Monika Alcobev Limited offers a diverse portfolio of premium and luxury alcoholic beverages, specializing in importing, sales, distribution, and marketing for luxury spirits, wines, and liqueurs. The company's operations cover India and the Indian Subcontinent, providing a complete supply chain solution through its robust distribution network.
The transaction team at Vidhigya Associates, Advocates for the IPO of Monika Alcobev Limited included Partner Vijeta Mishra and Associate Partner Mohit Parekh. However, it is important to note that they were not involved in the IPO of Marwadi Chandarana Intermediaries Brokers.
Despite extensive search results, the identity of the legal counsel and the team members involved in the IPO of Monika Alcobev Limited beyond Vidhigya Associates, Advocates cannot be confirmed based on the provided search results. This information typically appears in the official IPO prospectus or in detailed disclosures from the company or its legal advisors, which are not included in the search results here.
In addition to the fresh issue of equity shares, there was an offer for sale of equity shares by Deven Mahendrakumar Shah and Rhetan Estate Private Limited, totaling ₹28.6 crore. This offering further bolstered the success of Monika Alcobev Limited's IPO. As the company continues to grow and expand, it is poised to make significant contributions to the alcoholic beverages industry in India and the Indian Subcontinent.
The legal counsel, Vidhigya Associates, Advocates, provided extensive advice during the IPO process of Monika Alcobev Limited, ensuring compliance with necessary regulations for investing in the business. The proceeds from the successful IPO will be used for various business purposes, including finance for working capital, debt repayment, and general corporate uses.
