Spirit maker Alcobrew Distilleries India Ltd has filed draft papers with capital markets regulator Sebi to seek its approval to raise funds through an initial public offering (IPO).
The company’s maiden offering comprises a fresh issue aggregating up to Rs 258.26 crore and an offer-for-sale (OFS) of 1.8 crore shares by a promoter, according to the draft red herring prospectus (DRHP) filed on Thursday.
Funds raised through the fresh issue will be utilised towards funding business expansion, working capital requirements, and general corporate purposes.
Alcobrew is engaged in the manufacturing, marketing, and selling of alcoholic beverages, including whisky, vodka, and rum.
Its brand portfolio includes Golfer’s Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka), catering to diverse consumer segments across the Indian market.
The company operates manufacturing facilities at Solan, Himachal Pradesh, and Dera Bassi, Punjab, with bothSpirit maker Alcobrew Distilleries India Ltd has filed draft papers with capital markets regulator Sebi to seek its approval to raise funds through an initial public offering (IPO).
The company’s maiden offering comprises a fresh issue aggregating up to Rs 258.26 crore and an offer-for-sale (OFS) of 1.8 crore shares by a promoter, according to the draft red herring prospectus (DRHP) filed on Thursday.
Funds raised through the fresh issue will be utilised towards funding business expansion, working capital requirements, and general corporate purposes.
Alcobrew is engaged in the manufacturing, marketing, and selling of alcoholic beverages, including whisky, vodka, and rum.
Its brand portfolio includes Golfer’s Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka), catering to diverse consumer segments across the Indian market.
The company operates manufacturing facilities at Solan, Himachal Pradesh, and Dera Bassi, Punjab, with both Latest News [ SOBAN NEWS: International and National ]
