Monika Alcobev IPO Booked 1.5 Times On Day 2, GMP At Rs 10: Should You Apply on The Last Day?

Monika Alcobev received a moderate response to its initial public offering (IPO) on the second day of bidding, Thursday, 17 July, 2025. The IPO was subscribed 1.59 times by the end of the day, indicating reasonable interest from investors.

Monika Alcobev Ltd has opened its public offering for subscription on July 16 and will end on July 18. The IPO was fully subscribed yesterday on day 1 with Non Institutional Investors (NIIs) leading the subscription.

Subsription Details:

Monika Alcobev IPO received bids for 58,97,200 shares, compared to 37,63,200 shares available, resulting in an overall subscription of 1.57 times.

Among investors, NIIs showed the strongest interest, subscribing 3.96 times their allocated quota. Qualified Institutional Buyers (QIBs) also participated steadily, subscribing 1.09 times.

However, retail investors were more cautious, with their portion and subscribed only 82%. While institutional investors are showing confidence in the IPO, retail buyers are taking a more reserved approach.

Monika Alcobev GMP:

The grey market premium (GMP) for Monika Alcobev IPO is around Rs 10 per share. This suggests that the stock may list at approximately Rs 296, or 3.5% above the upper issue price of Rs 286, according to data from Investorgain.com.

GMP reflects unofficial demand and is not a guaranteed indicator.

Monika Alcobev IPO Details:

Monika Alcobev IPO has a total issue size of Rs 165.63 crore, which includes a fresh issue of 47.9 lakh shares and an offer-for-sale (OFS) of 10 lakh shares. The price band for the IPO is set between Rs 271 and Rs 286 per share.

Investors can apply in lots of 400 shares. For retail investors, the minimum investment requires two lots, amounting to Rs 2,16,800. High Net-Worth Individuals (HNIs) need to apply for at least three lots, with a minimum investment of Rs 3,43,200.

Both the anchor investor and market maker portions were fully subscribed before the IPO opened to the public.

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

Monika Alcobev will use the IPO money to cover its working capital needs, pay off existing loans, and support general business activities.

Key Dates of Monika Alcobev IPO:

Monika Alcobev IPO is open for subscription from July 16 to July 18, 2025. The allotment of shares is expected to be finalized on July 21.

Successful applicants will receive shares in their Demat accounts and refunds for unallotted shares will be processed on July 22. The company's shares are likely to be listed on the BSE SME platform on July 23, 2025.

About Monika Alcobev:

Founded in 2015, Monika Alcobev is a top importer and distributor of luxury alcoholic beverages in India. The company deals with premium brands like Jose Cuervo, Rémy Martin, and Bushmills.

Their strong portfolio covers over 70 brands, reached through a distribution network across 20+ states and neighbouring countries. They hold leadership in imports of tequila (19%) and rum (12.3%), catering to bars, restaurants, embassies, travel retail, and more.