Mumbai's Aspri Spirits Files for IPO, to Issue ₹140 Cr New Shares

• Mumbai-based alco-beverage distributor Aspri Spirits has filed for an IPO with SEBI.
• The IPO aims to raise ₹140 crore through a fresh issue of shares, plus an offer for sale of 50 lakh shares.
• Aspri Spirits plans to use ₹105 crore from the fresh issue to repay part of its ₹127 crore debt.
• The company claims to be India's largest alco-beverage distributor, with 323 brands and a 57% market share in liquor imports.
• For FY24, Aspri Spirits reported a net profit of ₹17.4 crore on revenue of ₹460.7 crore.

Why It Matters: Investors can gain exposure to India's leading alco-beverage distributor via Aspri Spirits IPO.