Alcobrew Distilleries India has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through 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.
Funds raised through the fresh issue will be utilised towards funding business expansion, working capital requirements, and general corporate purposes. To manage the public offering, Motilal Oswal Investment Advisors has been appointed as the book-running lead manager.
Alcobrew is engaged in the manufacturing, marketing, and selling of alcoholic beverages, including whisky, vodka, and rum.
