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  3. Bira 91 Maker Plans To Go Public In 2026

Bira 91 Maker Plans To Go Public In 2026

18 Jul 2024

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Key Takeaways

  • IPO Plans:

    • B9 Beverages Ltd, owner of Bira 91, plans for an IPO in 2026.

  • Pre-IPO Process:

    • As per ET, Morgan Stanley is handling the pre-IPO process.

  • Recent Funding:

    • Last month, it raised $25 Mn (about INR 208 Cr) via ECB from Kirin Holdings.

  • Public Entity Status:

    • Founded in 2015, it became a public entity in December 2022 and renamed itself B9 Beverages Ltd.

  • Market Position:

    • It claims to be India's fourth-largest beer company with a 5% market share.

  • Operational Reach:

    • Selling it's beer in 550 towns across 18 countries, Bira 91 has raised $449 Mn in funding.

  • Financial Performance:

    • Despite a 12% rise in net loss to INR 445.4 Cr in FY23 from INR 396 Cr in FY22, it is focused on meeting IPO milestones.

  • IPO Plans:

    • B9 Beverages Ltd, owner of Bira 91, plans for an IPO in 2026.

  • Pre-IPO Process:

    • As per ET, Morgan Stanley is handling the pre-IPO process.

  • Recent Funding:

    • Last month, it raised $25 Mn (about INR 208 Cr) via ECB from Kirin Holdings.

  • Public Entity Status:

    • Founded in 2015, it became a public entity in December 2022 and renamed itself B9 Beverages Ltd.

  • Market Position:

    • It claims to be India's fourth-largest beer company with a 5% market share.

  • Operational Reach:

    • Selling it's beer in 550 towns across 18 countries, Bira 91 has raised $449 Mn in funding.

  • Financial Performance:

    • Despite a 12% rise in net loss to INR 445.4 Cr in FY23 from INR 396 Cr in FY22, it is focused on meeting IPO milestones.

BIRA 91 Unlisted Shares

B9 Beverages (BIRA 91)

-3.38%

Expert Analysis

B9 Beverages (Bira 91) Plans 2026 IPO.

Expert Analysis:

  • IPO Plans: B9 Beverages Ltd, owner of Bira 91, plans an IPO in 2026 and Morgan Stanley has been tapped for the pre-IPO process.

  • Recent Funding: The company raised $25 Mn (about INR 208 Cr) last month via External Commercial Borrowing (ECB) from its existing backer Kirin Holdings.

  • Public Entity Status: Founded in 2015, Bira 91 is now a public entity renamed B9 Beverages Ltd in December 2022.

  • Market Position: Bira 91 claims to be the fourth-largest beer company in India with a 5% market share across key regions.

  • Company Background and Investor Profile: Founded in 2015 by Jain, B9 Beverages is known for its craft beer, ciders, and seltzers, with investors including Peak XV Partners, Sofina, and DS Group, having raised $449 Mn in funding so far.

  • Operational Reach: Bira 91 claims to sell its beer in 550 towns across 18 countries.

  • Financial Performance: The company's net loss rose 12% to INR 445.4 Cr in FY23 from INR 396 Cr in FY22, burdened by higher expenses and excise duty.

Publisher:inc42