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ASPRI Spirits IPO Updates

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Nupur Wankhede

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Learn about ASPRI Spirits Limited’s Draft Red Herring Prospectus filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.

ASPRI Spirits Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, operational footprint, financial performance, and the broad structure of the proposed public issue.

This page presents an educational overview of the DRHP-stage developments, highlighting key aspects such as the company’s background, objectives of the issue, financial highlights, and the next milestones in the IPO journey. All information mentioned here is based on publicly available DRHP disclosures and reported filings.

ASPRI Spirits IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

ASPRI Spirits Limited has submitted its Draft Red Herring Prospectus to SEBI, marking the formal initiation of its IPO process. The filing is currently under regulatory review.

Following SEBI’s observations and approvals, the company is expected to proceed with filing the Red Herring Prospectus (RHP), after which the IPO dates, price band, and final issue details will be announced. The equity shares are proposed to be listed on recognised stock exchanges in India, subject to regulatory clearances.

Issue Structure

As per the DRHP, the proposed IPO is expected to comprise the following components:

Particulars Details

Issue Type

Fresh Issue of Equity Shares and Offer for Sale (OFS)

Fresh Issue Size

As disclosed in DRHP

Offer for Sale

Shares offered by existing shareholders

Face Value

As disclosed in DRHP

Proposed Listing

NSE and BSE

Price Band

To be announced in RHP

Book Running Lead Manager(s)

As disclosed in DRHP

Registrar to the Issue

As disclosed in DRHP

These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.

About the Company

ASPRI Spirits Limited operates in the alcoholic beverages segment, with a focus on the manufacturing, branding, and distribution of Indian Made Foreign Liquor (IMFL) and other spirit products. The company caters to both domestic and export markets and has established a presence across multiple states through a mix of owned brands and contract manufacturing arrangements.

The company’s operations cover product development, bottling, quality control, regulatory compliance, and distribution, supported by manufacturing facilities and long-standing relationships with suppliers and distributors. ASPRI Spirits’ business model emphasises brand positioning, operational efficiency, and adherence to state-specific excise regulations governing the liquor industry.

IPO Objectives

According to the DRHP, the proceeds from the IPO are proposed to be utilised towards the following broad objectives:

Fund Allocation Purpose

Capital Expenditure

Expansion or enhancement of manufacturing and bottling facilities

Working Capital

Funding incremental working capital requirements

Brand Building & Marketing

Strengthening brand visibility and market reach

General Corporate Purposes

Administrative and strategic business requirements

These objectives are aimed at supporting the company’s growth strategy, improving operational scale, and strengthening its financial position.

Financial Highlights

The DRHP provides an overview of ASPRI Spirits Limited’s financial performance over recent years, offering insight into its operational scale and profitability trends.

Key Financial Metrics (as disclosed in DRHP)

Fiscal Year Revenue from Operations (₹ crore) Profit / (Loss) After Tax (₹ crore) Net Worth (₹ crore)

FY23

As per DRHP

As per DRHP

As per DRHP

FY24

As per DRHP

As per DRHP

As per DRHP

FY25

As per DRHP

As per DRHP

As per DRHP

*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.

ASPRI Spirits IPO Timeline Summary

The table below summarises the current status of the IPO process based on publicly available information:

Milestone / Stage Date (or Status) Details

DRHP filed with SEBI

Filed

Draft Red Herring Prospectus submitted for regulatory review

SEBI observations

Awaited

Subject to SEBI review and comments

Red Herring Prospectus (RHP)

To be announced

To be filed post SEBI observations

IPO Bidding / Opening Date

To be announced

Final dates awaited

IPO Closing Date

To be announced

To be declared in RHP

Allotment Date

To be announced

Post IPO closure

Credit to DEMAT Accounts

To be announced

Post allotment

Listing on NSE/BSE

To be announced

Subject to approvals

Note: Investors should refer to official filings for final IPO dates to learn more about ASPRI SpiritsIPO listing details and price, and listing timelines.

Keep yourself updated : Check Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs on ASPRI Spirits IPO Updates

When did ASPRI Spirits Limited file its DRHP?

ASPRI Spirits Limited has filed its Draft Red Herring Prospectus with SEBI, marking the formal regulatory step in the IPO process. The exact filing date is available in the official DRHP submission.

The IPO is currently at the DRHP review stage, with SEBI observations awaited. Further steps will follow once regulatory feedback is received.

The IPO is proposed to include a fresh issue of equity shares along with an Offer for Sale (OFS) by existing shareholders, as disclosed in the DRHP.

Subject to regulatory approvals, ASPRI Spirits Limited plans to list its equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

ASPRI Spirits Limited operates in the spirits and alcoholic beverages industry, focusing on manufacturing, branding, and distribution of liquor products across regulated markets.

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Hi! I’m Nupur Wankhede
BSE Insitute Alumni

With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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