The IPO will consist of a fresh issue of equity shares valued at ₹140 crore, along with an offer for sale of up to 0.50 crore equity shares by existing shareholders. The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Motilal Oswal Investment Advisors Limited has been appointed as the book-running lead manager for the issue, while Bigshare Services Private Limited will serve as the registrar. Key details such as the price band, lot size, and issue schedule are expected to be disclosed closer to the opening of the offer.
Company Background
Founded in 2004, Aspri Spirits operates as a marketing, brand development, and distribution partner for international alco-beverage companies across India and South Asia. The company follows an asset-light business model, focusing on importing and distributing alcoholic beverages while leveraging brand-building initiatives to support market penetration.
This model allows the company to manage a wide range of products while maintaining operational flexibility. Its activities are centered on strengthening brand visibility and expanding consumer reach across multiple market segments.
Product Portfolio and Distribution Reach
As of September 30, 2025, Aspri Spirits managed a portfolio comprising 323 brands sourced from 89 suppliers located in 36 countries. The company’s offerings span multiple categories, including whisky, vodka, gin, tequila, rum, brandy, cognac, liqueurs, wine, and beer. With a total of 835 stock keeping units (SKUs), the portfolio ranks among the largest in the Indian alco-beverage market.
During Fiscal 2025, the company emerged as the largest importer of BIO wines by volume. Its distribution network extends across 28 states and union territories, covering more than 17,000 retail outlets and serving over 1,800 customers across institutional, retail, hospitality, and travel retail channels.
Summary
Aspri Spirits has filed its DRHP with SEBI for a book-built IPO comprising a ₹140 crore fresh issue and an offer for sale of up to 0.50 crore equity shares. Founded in 2004, the company operates an asset-light model focused on importing, marketing, and distributing international alco-beverage brands, managing a portfolio of 323 brands and distributing products across 28 states and union territories as of September 30, 2025.
Disclaimer:
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