Mumbai, India: Monika Alcobev Limited, one of India’s leading importers and distributors of premium wines and spirits, has made its debut on the Bombay Stock Exchange (BSE), becoming the first in its segment to go public under its distinctive business model.
The company’s IPO was oversubscribed 4.1 times, raising ₹165.63 crore and receiving robust interest from top institutional investors. The listing marks a landmark moment not just for the company, but for India’s alcobev sector at large, signaling growing confidence in the potential of premium alcohol brands in the country.
“This milestone is more than just capital raised — it’s a vote of confidence in our governance, our national presence, and our long-term vision,” said Kunal Patel, Managing Director of Monika Alcobev.
With operations across 24 states and presence in over 170 cities, Monika Alcobev has built a pan-India presence and continues to strengthen its footprint in high-growth regions. While the company has long-standing strength in key metropolitan markets, it is now seeing exponential traction in North India, a region fast emerging as one of its most dynamic and high-performing zones.
“North India has always played a strategic role in our expansion. Today, it stands out as one of our most exciting frontiers,” added Patel.
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Monika Alcobev represents over 100 global brands and offers a portfolio of more than 200 SKUs across wines, spirits, and liqueurs. Its integrated platform spans everything from import and regulatory compliance to national distribution, logistics, and on-ground brand activation, making it a trusted, full-service partner for international brands entering the Indian market.
The company caters to India’s leading hospitality chains, modern retail stores, and curated bars, delivering from Mumbai to Delhi, Hyderabad to Jaipur, Bangalore to Guwahati.
“We’ve always approached the market with a national mindset,” said Hemang Chandat, Chief Commercial Officer. “Our growing presence across geographies is a reflection of that strategy — and the scale we’ve built is now speaking for itself.”
With its public listing, Monika Alcobev is now poised to deepen brand partnerships, accelerate growth, and continue redefining how India experiences premium alcoholic beverages.
