Monika Alcobev IPO GMP: SME Issue Gets Over 1.35x Subscription On Day 2 So Far | Ipo News

Last Updated:July 17, 2025, 11:18 IST

The GMP of the Monika Alcobev IPO currently stands at 3.50%, indicating weak listing.

The price band of the Monika Alcobev IPO, which aims to raise Rs 60.98 crore, has been fixed in the range of Rs 90 to Rs 96.

Monika Alcobev IPO GMP Today: The initial public offering of Monika Alcobev Ltd is witnessing its second day of bidding today, Thursday, July 17. The price band of the NSE SME IPO, which aims to raise Rs 165.63 crore, was fixed in the range of Rs 271 to Rs 286. Till 11:04 am on the second day of bidding on Thursday, the issue received a 1.35 times subscription, garnering bids for 50,90,000 shares as against the 37,63,200 shares on offer.

The retail and NII participation stood at 0.50x and 3.71x, respectively. The QIB category received a 1.09x subscription.

The IPO’s grey market premium currently stands at 3.50%, indicating a weak listing.

The three-day IPO was opened on July 16.

Monika Alcobev Limited, founded in 2015, is a leading importer and distributor of over 70 premium alcoholic beverage brands across India and the Indian Subcontinent, serving HORECA, retail, and travel retail sectors with a team of 191 full-time employees as of March 31, 2025.

Monika Alcobev IPO GMP Today

According to market observers, unlisted shares of Monika Alcobev Ltd are currently trading at Rs 296 against its upper IPO price of Rs 286. It means a grey market premium or GMP of Rs 10, which is 3.5% over its issue price, indicating weak listing.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Monika Alcobev IPO Price And Lot Size

The price band of the SME IPO has been fixed in the range of Rs 271 to Rs 286 apiece.

Its minimum lot size is 400. It means investors will have to apply for a minimum of 400 shares or in multiple thereof.

Retail investors require a minimum capital of Rs 2,16,800 to apply for the IPO.

Monika Alcobev IPO Allotment And Listing Dates

The basis of allotment of the Monika Alcobev IPO will be finalised on July 21.

Its shares will be listed on the BSE’s SME platform, July 23.

Monika Alcobev IPO: More Info

The IPO, which is a bookbuilding of Rs 165.63 crore, is a combination of fresh issue of 47.91 lakh shares aggregating to Rs 137.03 crore and an offer for sale of 10 lakh shares aggregating to Rs 28.60 crore.

Monika Alcobev Ltd’s revenue increased 25% and profit after tax (PAT) rose 39% between the financial year ending with March 31, 2025, and March 31, 2024.

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager of the Monika Alcobev IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. The market maker for Monika Alcobev IPO is Bhansali Value Creations Private Ltd.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

view comments

First Published: