Aspri Spirits IPO - Date, Price Band & Details

Aspri Spirits has been in the business of bringing foreign liquor to Indian shelves since 2004. The founding idea was simple enough - India's premium alcohol market was underdeveloped, international brands needed local partners who understood the terrain, and there was money to be made in bridging that gap.

Two decades later, the company has built what is arguably the largest private distribution network for imported alcohol in India. The portfolio runs to over 320 brands from 36 countries -whisky, vodka, gin, tequila, wine, beer, you name it. Names like Jägermeister, Patrón, SKYY Vodka, Stolichnaya, and Nicolas Feuillatte are all part of what Aspri handles on the ground. That's a lot of SKUs for a company most consumers have never heard of -which is sort of the point. Distributors work behind the scenes.

The reach is genuinely wide: 28 states and union territories, over 17,000 outlets, and clients across hotels, bars, retail, and duty-free. It also quietly became the largest importer of organic wines by volume in India in FY25, which says something about where consumer tastes are moving.

Revenue for FY25 came in around ₹460 crore -modest growth of about 10%, but steady. The company converted to a public limited entity in late 2025 and filed its DRHP with SEBI in December, targeting a ₹140 crore fresh issue.

It's a distribution-heavy, asset-light business. Not glamorous, but fairly defensible if you've already built the network.