Aspri Spirits Ltd. IPO Details
Aspri Spirits was incorporated on February 11, 2022. The company imports, markets, and distributes international alco-beverages while managing strategic brand development. It operates a pan-India network across key industry channels, providing comprehensive market access for international brands in India and South Asia
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 5.0 M | - | - | ₹1,400.0 M | DRHP DOC |
Aspri Spirits issue details
Aspri Spirits has 5.0 M shares on offer
Aspri Spirits IPO issue size is ₹ 1,400.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Aspri Spirits IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Aspri Spirits NUMBER OF SHARES ON OFFER
Aspri Spirits FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 119.6 | 9.8 | 32.5 | 31.7 | 12.9% |
| FY25 | 460.7 | 17.4 | 15.5 | 13.7 | 8.1% |
| FY24 | 418.7 | 15.5 | -12.1 | -13.5 | 8.4% |
| FY23 | 378.3 | 19.5 | 2.5 | 2.0 | 9.9% |
Aspri Spirits INFORMATION ON IPO ISSUE
About Aspri Spirits
Aspri Spirits was incorporated on February 11, 2022. The company imports, markets, and distributes international alco-beverages while managing strategic brand development. It operates a pan-India network across key industry channels, providing comprehensive market access for international brands in India and South Asia
Object of the Issue
- Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the company
- Investment in its subsidiaries namely Vinspri Distributors Private Limited, P M Marketing Private Limited, Asdis Drinks India Private Limited and Aspri Spirits FZE for repayment or pre-payment, in full or in part, of certain or all of its borrowings
- General corporate purposes
Aspri Spirits - PROMOTERS
| Name |
|---|
| Jaikishan Sham Matai |
| Arunkumar Venkat Bangalore |
| Gautam Nandkishore Matai |
| Pritish Jaikishan Matai |
| Matai Jackie Sham HUF |
Aspri Spirits - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jaikishan Sham Matai | Chairman & Whole-time Director |
| Arunkumar Venkat Bangalore | Whole-time Director & Vice-chairman |
| Gautam Nandkishore Matai | Managing Director |
| Ramona Haresh Jogeshwar | Independent Director |
| Kalyan Kumar Guntha | Independent Director |
| Vinod Arjun Bhagat | Independent Director |
Aspri Spirits Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
aspri.ipo@motilaloswal.com
Nuvama Wealth Management Limited
asprispirits.ipo@nuvama.com
Aspri Spirits Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Aspri Spirits Strengths
Diversified product portfolio
The company has built a diverse portfolio of imported alcoholic beverages across spirits, wines, and beers, spanning 323 brands from 89 suppliers and 835 SKUs across 36 countries, including India, UAE, Poland, and the Maldives. The luxury alco-beverage segment, driven by aspirational consumption and global brand influence, is projected to grow at a CAGR of 18.3% to Rs 29.1 billion by FY30
Asset-light business model
The company operates an asset-light model without manufacturing facilities, limiting capital needs to working capital for inventory, logistics, and sales operations. This approach, combined with premium product margins and efficient inventory management, drives scalability, strong returns, and sustainable growth across its expanding portfolio and geographic footprint
Extensive distribution network
The company operates a pan-India distribution network covering on-trade channels (hotels, restaurants, pubs, bars), off-trade channels (retail stores, state beverage corporations), and travel-retail outlets, including duty-free stores in India and South Asia. Its network spans 28 states and union territories, servicing over 17,000 outlets, supported by 168 sales and marketing professionals and centralized teams for compliance, warehousing, logistics, and inventory management
Aspri Spirits Risks
Regulatory risks
The company operates under extensive central and state regulations, and changes in laws, licensing, packaging, advertising, or distribution rules could increase costs or restrict business activities. Adverse regulatory shifts may materially affect its operations, financial condition, and results
Depend on suppliers
The company maintains long- and short-term relationships with international suppliers of whisky, cognac, tequila, vodka, gin, champagne, sparkling wines, liqueurs, and specialty products. Any increase in costs, supply shortages, or disruption of these relationships could adversely affect operations, as these products are critical to serving customers and maintaining market competitiveness
Competition
The company faces competition from large incumbents like United Spirits, Pernod Ricard, Radico Khaitan, and Allied Blenders & Distillers, as well as imported premium labels, which benefit from strong distribution, brand equity, and scale advantages. Inability to match competitors in pricing, product availability, marketing, or customer preferences could adversely affect the company’s operations, financial performance, and growth in existing and new markets
IPO FAQs
The promoters of the company are Jaikishan Sham Matai, Arunkumar Venkat Bangalore, Gautam Nandkishore Matai, Pritish Jaikishan Matai and Matai Jackie Sham HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.