Monika Alcobev is ready for its stock market launch on July 23. The IPO aims to raise ₹165 crore. Funds will support working capital and debt repayment. The company is a major importer of premium liquor. It distributes brands like Jose Cuervo. Revenue and profit are up. The IPO values the company at ₹613.47 crore.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is