New Delhi-based Alcobrew Distilleries India Ltd, the producer of whisky brands such as White & Blue and Golfer’s Shot, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO).

The IPO comprises a fresh issue of equity shares worth ₹258.26 crore and an offer for sale (OFS) of up to 1.8 crore equity shares by promoter shareholder Romesh Pandita. The offer carries a face value of ₹10 per share.

The promoters of the company include Romesh Pandita, Veena Pandita, and the Romesh Pandita Family Trust.

The liquor company intends to use proceeds from the fresh issue to fund business expansion, meet working capital requirements, and for general corporate purposes.

According to the DRHP, 50% of the net offer will be reserved for qualified institutional buyers (QIBs), up to 15% for non-institutional investors (NIIs), and 35% for retail investors.

Founded in 2002 as Alcobrew Distilleries India Pvt. Ltd, the company was converted into a public limited firm in 2022. Alcobrew manufactures, markets, and sells alcoholic beverages, including whisky, vodka, and rum. Its portfolio includes Golfer’s Shot (premium whisky), White & Blue (blended whisky), White Hills (regular whisky), and One More (vodka), catering to diverse consumer segments in India.

The company operates manufacturing facilities at Solan in Himachal Pradesh and Dera Bassi in Punjab, with distillation and bottling capabilities. Backed by a strong distribution network and contract manufacturing tie-ups, Alcobrew has established a pan-India presence while also expanding its footprint overseas.

The company currently exports to more than 20 countries across Africa, Asia, and the Middle East, including Uganda, Kenya, Tanzania, Mozambique, the UAE, Oman, and Nepal. It continues to explore new export opportunities to strengthen its position as one of India’s emerging alcobev exporters.

On the financial front, Alcobrew reported consolidated revenue from operations of ₹1,615.01 crore in FY25, compared with ₹1,640.11 crore in FY24 and ₹1,216.87 crore in FY23. Profit after tax (PAT) rose to ₹69.45 crore in FY25 from ₹62.55 crore in FY24 and ₹52.30 crore in FY23.

India’s alcoholic beverages market has been witnessing robust growth, driven by rising disposable incomes, premiumisation, and evolving consumer preferences. With its established brand portfolio, integrated operations, and growing international presence, Alcobrew is well placed to capture this demand.

Motilal Oswal Investment Advisors is the book-running lead manager to the issue, while KFin Technologies will act as the registrar.