What is Aspri Spirits filing for with SEBI?

Aspri Spirits has filed a draft red herring prospectus with SEBI for an Initial Public Offering (IPO).

How much money is Aspri Spirits looking to raise in its IPO?

Aspri Spirits plans to raise up to ₹140 crore through its IPO, with a potential pre-IPO placement of up to ₹28 crore.

What will Aspri Spirits use the IPO funds for?

The company plans to use the funds primarily to repay borrowings and invest in its subsidiaries to reduce their debt.

Home / Business and Economy / Aspri Spirits IPO: Debt Repayment Fuels Growth

Aspri Spirits IPO: Debt Repayment Fuels Growth

12 Dec

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Summary

Aspri Spirits plans to raise up to ₹140 crore through its IPO.
Funds will be used primarily for debt repayment and subsidiary investments.
The company boasts 323 brands, making it India's largest distributor.

Aspri Spirits IPO: Debt Repayment Fuels Growth

Aspri Spirits Ltd., a prominent importer and distributor of premium alcoholic beverages, has submitted a draft red herring prospectus to SEBI for its Initial Public Offering (IPO). The IPO includes a fresh issue of equity shares totaling ₹140 crore and an offer for sale by existing shareholders.

The company intends to allocate ₹76 crore from the proceeds towards repaying borrowings across its group entities. An additional ₹29 crore will be invested in subsidiaries to reduce their debt, with the remaining funds designated for general corporate purposes. This strategic move aims to strengthen its financial foundation.

Established in 2004, Aspri Spirits has rapidly ascended to become India's leading alco-beverage distributor. As of September 30, 2025, its extensive portfolio comprised 323 brands, sourced from 89 suppliers across 36 countries, solidifying its position as the largest distributor by brand count in the nation.