Aspri Spirits Ltd, a leading importer and distributor of premium alco-beverage brands, has filed a draft red herring prospectus with for an .
Issue size
The IPO comprises a fresh issue of equity shares with a face value of ₹5 each, aggregating up to ₹140 crore, alongside an offer for sale of 5,000,000 equity shares by promoters — including Jaikishan Sham Matai, Matai Jackie Sham HUF, Gautam Nandkishore Matai, Arunkumar Venkat Bangalore, Duru Matai, Kajal Matai, and Vrutika Matai — and other selling shareholders such as Parameshwari Narang, Emerald Electronics Pvt Ltd, Pavan Narang, and Whiteline Impex Pvt Ltd.
The company may also consider a pre-IPO placement of up to ₹28 crore, which would reduce the size of the fresh issue.
Motilal Investment Advisors and Nuvama Wealth Management are acting as book-running lead managers, and the shares are proposed to be listed on the BSE and NSE.
Use of funds
The company plans to use ₹76 crore from the fresh issue to repay or pre-pay borrowings across Aspri Spirits and its subsidiaries, with an additional ₹29 crore allocated for investments into these subsidiaries to reduce their debt, while the remainder is earmarked for general corporate purposes.
Aspri Spirits has shown robust financial momentum. Revenue from operations rose to ₹460.6 crore in FY25, up 22 per cent from ₹378.2 crore in FY24, while the June 2025 quarter delivered ₹119.5 crore in revenue and ₹9.8 crore in net profit. The issue will follow the book-building process, with allocations planned for QIBs, NIIs, and retail investors as per SEBI norms.
Founded in 2004, Aspri Spirits has grown into one of India’s foremost alco-beverage distributors, backed by an extensive portfolio of 323 brands as of September 30, 2025 — making it the country’s largest by brand count.
Its diverse lineup spans 323 brands sourced from 89 suppliers, covering 835 SKUs across 36 countries. The collection includes celebrated names such as Whyte & Mackay and The Dalmore in Scotch whisky, Camus in cognac, Molinari in sambuca, Beluga in vodka, Black Tower in still wine, Henkell in sparkling wine, and Amarula in liqueur.