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.
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.
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