Whisky maker Alcobrew Distilleries files DRHP with SEBI to raise Rs 250 crore via IPO

Gurugram, Haryana based Alcobrew Distilleries India Limited, the maker of popular whisky brands such as White & Blue and Golfer’s Shot, has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The proposed IPO consists of a fresh equity issue worth ₹258.26 crore and an offer for sale of up to 1.8 crore equity shares by the company's promoter, Romesh Pandita. Each share carries a face value of ₹10.

The liquor manufacturer plans to utilise the proceeds from the fresh issue to support its business expansion plans, meet working capital needs, and for general corporate purposes.

The liquor producer may consider raising funds up to Rs 51.65 crore via pre-IPO placement before the public issue launch, Moneycontrol reported. If it mobilises funds through pre-IPO found the amount will be reduced from the fresh component.

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Alcobrew's IPO structure will allocate 50% of the net offer to qualified institutional buyers, 15% to non-institutional investors (NIIs), and the remaining 35% to retail investors.

Founded in 2002 as Alcobrew Distilleries India Pvt Ltd, the company transitioned into a public limited entity in 2022. It manufactures and markets a range of alcoholic beverages, including whisky, vodka, and rum. Its flagship brands include Golfer's Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka), catering to various market segments across India.

Alcobrew operates two production facilities, one in Solan, Himachal Pradesh, and another in Dera Bassi, Punjab. The units are equipped with distillation and bottling capabilities. The company has a wide distribution network and has entered into contract manufacturing agreements, giving it a pan-India presence.

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Moreover, Alcobrew exports its products to over 20 countries, including key markets in Africa, Asia, and the Middle East. These include Uganda, Kenya, Tanzania, Mozambique, the UAE, Oman, and Nepal.

The company has demonstrated steady growth and for the financial year ending March 2025 (FY25), Alcobrew reported a consolidated revenue from operations of ₹1,615.01 crore, compared to ₹1,640.11 crore in FY24 and ₹1,216.87 crore in FY23.

Profit after tax (PAT) stood at ₹69.45 crore in FY25, up from ₹62.55 crore in FY24 and ₹52.30 crore in FY23.

Alcobrew is promoted by Romesh Pandita, Veena Pandita, and the Romesh Pandita Family Trust. Motilal Oswal Investment Advisors is its book-running lead manager to the IPO, while KFin Technologies will serve as the registrar to the issue.