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News Topical, Digital Desk : Alcobrew Distilleries India Limited, based in Gurugram, Haryana, has filed draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). Alcobrew Distilleries India produces popular whiskey brands such as White & Blue and Golfer's Shot. According to the DRHP, the company plans to offer fresh equity of ₹258.26 crore and an offer for sale (OFS) of 18 million equity shares by promoter Romesh Pandita in the IPO. Each share will have a face value of ₹10.
The company will use the proceeds from the fresh issue for business expansion, working capital, and general corporate purposes. According to a Moneycontrol report, the company may consider raising funds through a pre-IPO placement of up to ₹51.65 crore before the IPO. If this occurs, the fresh issue amount will be reduced.
50% of this IPO will be allocated to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and 35% to retail investors. Established in 2002 as Alcobrew Distilleries India Pvt. Ltd., the company subsequently became a public limited company in 2022. It manufactures and sells beverages such as whiskey, vodka, and rum. Its major brands include Golfer's Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka). Alcobrew Distilleries India has two production units, one in Solan, Himachal Pradesh, and the other in Dera Bassi, Punjab. These units are equipped with distillation and bottling facilities. The company has a large distribution network and sells its products nationwide under contract manufacturing agreements. Alcobrew Distilleries India also exports its products to over 20 countries, including key markets in Africa, Asia, and the Middle East, such as Uganda, Kenya, Tanzania, Mozambique, the UAE, Oman, and Nepal. The company's consolidated operating income stood at ₹1,615.01 crore in FY25, compared to ₹1,640.11 crore in FY24 and ₹1,216.87 crore in FY23. Profit from operations (PAT) stood at ₹69.45 crore in FY25, compared to ₹62.55 crore in FY24 and ₹52.30 crore in FY23. Alcobrew's promoters are Romesh Pandita, Veena Pandita, and the Romesh Pandita Family Trust. Motilal Oswal Investment Advisors is the book-running lead manager for the IPO, while KFin Technologies will be the registrar to the issue.
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