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B9 Beverages Private Limited IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the Bira Beer IPO release date, IPO offer price, subscription, Bira Beer Pre IPO, Bira Beer unlisted shares allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

 About Company

·       B9 Beverages Private Limited (Bira 91Beers) was registered in 2015 it was incorporated as Divya Jyoti Coaching Institute Private Limited and renamed to B9 Beverages Limited on September 2015.

•        Established in the summer of 2015 it has quickly become the rage amongst urban millennials owing to its delicious beers, bold identity and a strong draft network.

•        In 2017, Bira 91 leaped across to New York City to begin its campaign in the United States. And in 2018, the brand started on its wider expansion in the Asia Pacific market by entering Singapore.

•        As one of the fastest growing beers in the world, Bira 91 has built a strong portfolio of essential beers and aims to drive the global shift in beer towards more color and flavor.

•        The company now operates four breweries in India, and has offices in nine cities including New York City. Bira 91 is backed by Sequoia Capital and Belgium’s Sofina Capital

•        Crafted with the creative urban drinker in mind — someone who likes to have fun and doesn’t take life (or beer) too seriously, the brand aims to disrupt the global beer world with 21st century technology and its playful monkey mascot

•        Bira91 has 2.5% market share of Indian beer market and 10% of Premium beer market.

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 Funding:

·       In 2014, Bira91 was seed funded at Union Square, NYC by college friends and family.

•        In 2015 ,Bira raises first round of institutional money as Sequoia Capital India invests $6m (₹40 crore) in Bira 91

•        In 2017 ,Bira received 2nd round of funding by Sequoia Capital

•        In 2018 ,it raises $50m through third round of institutional funding by Belgium’s Sofina Capital

•        The Delhi-based Bira 91 under its company B9 Beverages has raised $ 20 million in a bridge round through Sequoia Capital and Sofina. In 2019, the company had raised some $4.3 million is a pre-Series C round led by Sixth Sense Ventures.

•        Prominent businessman such as Mr.Deepinder Goyal (Zomato) hold and Mr. Kunal Bahl (Snapdeal) have invested in Bira against Series A convertible cumulative preference shares.

•        In April, it raised $30 million funding led by its existing investors Sequoia India and Belgium-based investment firm Sofina. Further, Sixth Sense Ventures, Neoplux, a Korean private equity fund, and several high reputation family offices also participated

•        The fresh funding indeed will boost Bira 91’s confidence and growth plan. As per the latest development, the company was looking to launch 40-50 different limited release beers in the next one year.

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 Beer Brands:

·       Bira light (Light Beer)

•        Bira White Beer (All -day Craft Beer)

•        Strong (High intensity Wheat beer)

•        Indian Pale Ale

•        Bira Blonde (Extra hoppy craft lager)

•        Boom Strong (Rich and malty Munich beer)

•        Bira Boom (Crisp and Mild Session beer)

 Industry Overview

·       Beer has become a one of the most popular alcoholic beverages in the country only over the past two decades. At present there are more than 60 beer brands available in the India alcohol beverage market.

•        The majority of beer’s market growth is driven by young consumers and the consumers who consider beer a trendy drink, as compared with other traditional spirits. There is also a significant demand for foreign beer in the urban markets.

•        The maximum levels of beer consumption in India are observed in the southern states. The healthy growth rate for the beer industry is an indication of the huge potential of opportunities open for breweries and beer brands marketing and/or manufacturers in India

•        Pub and bar culture in India is escalating at significant pace, and is becoming more popular in the age group of 20-45. Further, the market is anticipated to grow at a CAGR of 10.9% over the forecast period as alcohol consumption is growing in urban areas of the country.

•        The global alcoholic-beverages market is expected to grow from $515.2 billion in 2019 to $528.5 billion in 2020 at a compound annual growth rate (CAGR) of 2.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $647.7 billion in 2023.

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 Planify View-

·       Rating – 3/5

•        Recommendation –Neutral

•        Accumulated in the range of ₹750-₹850

 ·       Bira Management is Trustworthy. You should buy Bira beer shares from Planify.

·       Contact Planify to know about the Bira Beer share price.

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The fresh funding indeed will boost Bira 91’s confidence and growth plan. As per the latest development, the company was looking to launch 40-50 different limited release beers in the next one year.Book Bira beer pre ipo shares from Planify .