Mumbai : Mumbai-based Aspri Spirits Limited has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on December 11, 2025.

The IPO is a fresh issue of up to 140 crores, and an offer for sale of 5,000,000 equity shares by promoters – Jaikishan Sham Matai, Matai Jackie Sham HUF, Gautam Nandkishore Matai, Arunkumar Venkat Bangalore, Duru Matai, Kajal Matai and Vrutika Matai.

Other selling shareholders are Parameshwari Narang, Emerald Electronics Private Limited, Pavan Narang and Whiteline Impex Private Limited.

Established in 2004, the company is an integrated marketing development and distribution partner for global alco-beverage brands in India and South Asia. The company is the largest alco-beverage distribution company in India. Its portfolio comprises of 323 brands from 89 suppliers and 835 stock keeping units (“SKUs”), from 36 countries across categories such as whisky, vodka, gin, tequila, rum, brandy & cognac, liqueur, wine and beer, as of September 30, 2025. And it has strong relationships with international alco-beverage producers and suppliers and had a negligible supplier-attrition rate for each of the following years – fiscal 2025, 2024, 2023 and the three months ended June 30, 2025.

The company’s product offerings include global legacy brands such as Whyte & Mackay and Dalmore (scotch whiskey), Camus (cognac), Molinari (sambuca), Beluga (vodka), Black Tower (still wine), Henkell (sparkling wine) and Amarula (liqueur), and also it has exclusive arrangements with several brands, including Bunnahabhain, Beluga Vodka, Evan Williams Bourbon, M. Chapoutier, Mateus Rose, Meukow Cognacs, Zonin Wines.

Additionally, its proprietary brand portfolio includes several brands, such as Barrhead’s, Dos Flamos, U’luvka, Baronet, Born West, Bush Ballad, Casa el Unico, Golden Sparrow, Monte Pacifico and What The Fox.

The company maintains leadership in the premium alco- beverage space being the top player in liqueur imports with a 57% market share, a top three position in wine imports. (Source: The Knowledge Company Report). It also holds a top five position in total BIO imports in Fiscal 2025, demonstrating its dominant position in the imported premium alco-beverage segment. (Source: The Knowledge Company Report) In Fiscal 2025, the company emerged as the largest importer of BIO wines by volume. (Source: The Knowledge Company Report).

Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the issue.