Mount Everest Breweries IPO (DRHP filed)
Mount Everest Breweries Limited filed its draft red herring prospectus with SEBI on 5 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 5 Oct 2026
- Days since
- 13
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Mount Everest Breweries IPO status
Mount Everest Breweries Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 5 Oct 2026 |
|---|---|
| Days since filing | 13 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Mount Everest Breweries Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹704.53 Cr to ₹1,020.04 Cr, and profit after tax rose from ₹34.55 Cr to ₹53.19 Cr. The PAT margin for 31 Mar 2026 was 5.21%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 687.16 | 362.11 | 347.01 |
| Total Income | 1,020.04 | 704.53 | 547.53 |
| Profit After Tax | 53.19 | 34.55 | 20.37 |
| EBITDA | 98.03 | 67.10 | 46.91 |
| Net Worth | 228.44 | 175.56 | 141.29 |
| Reserve & Surplus | 187.21 | 134.33 | 120.68 |
| Total Borrowings | 237.91 | 57.73 | 108.96 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 26.33 | 9.30 | 1.29 |
| ROCE % | 21.34 | 10.20 | 5.05 |
| Debt / Equity | 1.04 | 0.26 | 0.26 |
| RoNW % | 23.28 | 19.68 | 14.42 |
| Pat Margin % | 6.18 | 4.47 | 0.84 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Mount Everest Breweries Limited | 10 | — | 12.90 | 12.90 | 23.28% | 55.42 |
| United Breweries Limited | 1 | 98.67 | 15.63 | 15.63 | 9.14% | 171.03 |
| Som Distilleries & Breweries Ltd | 2 | 127.12 | 0.49 | 0.49 | 1.33% | 39.41 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part financing the capital expenditure requirements for setting up a Proposed Facility with a brewing capacity of 1.00 million HLPA (“Proposed Project”) | 230.00 |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 70.00 |
| 3 | General corporate purposes | — |
| Total | 300 |
About Mount Everest Breweries Limited
Incorporated in August 1999 as Mount Everest Breweries Limited, the Company is engaged in the brewing, packaging, sale and distribution of beer across economy, core and premium segments. It is one of the leading beer brewing companies in Madhya Pradesh, accounting for approximately 36.3% of the state’s beer volume production in FY2026. The Company has a presence across 16 states and three Union Territories.
The Company is part of the Associated Kedia Group, alongside its listed Promoter Group entity, Associated Alcohols & Breweries Limited (“AABL”), which operates across the Indian Made Foreign Liquor (“IMFL”), Indian Made Indian Liquor (“IMIL”), Extra Neutral Alcohol (“ENA”) and ethanol segments. The Company has a portfolio of five proprietary beer brands, namely Mount’s 6000, Lemount, Mount’s Lager, Dabang and Stok, which are positioned across the economy, core and premium segments.
In addition to its proprietary brands, the Company undertakes contract brewing, distribution and contract manufacturing of beer for other beer brands in India. It has also entered into a contract brewing arrangement in Sonitpur, Assam. As of August 31, 2026, its beer products were available across approximately 22,229 retail outlets and touchpoints.
The Company operates brewing facilities at Simrol, Indore, Madhya Pradesh and Mysuru, Karnataka, along with the Simrol 221 Brewing Facility. The Simrol Brewing Facility was established in 2008, while the Mysuru Brewing Facility was acquired in 2025. Over the years, the Company has evolved from a single-facility regional brewer into a multi-facility brewing business, with a focus on technology-enabled brewing processes and operational efficiencies. Its operations are also subject to the regulatory framework governing the Indian alcoholic beverages industry.
The Company has established a multi-state market presence supported by its brewing infrastructure, proprietary brand portfolio and distribution network. Its association with AABL, which has been present in the Indian alcoholic beverages market since 1989, provides the Company with an established group affiliation. However, the Company and AABL operate independently, with separate boards and management teams.
As of August 31, 2026, the Company had a workforce of 451 employees across various functions, including production, sales, administration, accounts, quality control and research and development, procurement, compliance and information technology, among others.
Promoters
Anand Kumar Kedia
Prasann Kumar Kedia
Anshuman Kedia
Vedant Kedia
Venkateshwar Investment
Finance Pvt.Ltd.
Contact details
Mount Everest Breweries Ltd.
4 th Floor, BPK Star Tower
A.B. Road Indore,
Madhya Pradesh, 452008
Telephone: +91 0731 4780423
Email: investor@meblindia.com
Website: https://www.mounteverestbreweries.com/
Mount Everest Breweries IPO FAQs
- Has Mount Everest Breweries IPO filed for an IPO?
- Mount Everest Breweries Limited filed its draft red herring prospectus (DRHP) with SEBI on 5 Oct 2026.
- When will the Mount Everest Breweries IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Mount Everest Breweries IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.