BIRA to launch an IPO soon?

 Introduction:


BIRA 91 is a craft beer brand manufactured by B9 Beverages Private Limited. The company provides light beer, white ale, strong ale, blonde lager ale, IPA and boom strong and classic beers. The company’s first brewery unit was located in the Flanders region of Belgium where a craft distillery unit was utilized to manufacture the beer ingredients from France, Belgium and Himalayas. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients. Beers are made by including Wheaty, Barley & hops. The beer is available in multiple sizes from 330 ML to 650 ML bottles and 500 ML cans.


BIRA IPO:


In 2018, BIRA CEO, Ankur Jain had commented on the company's plans to launch Initial Public Offering (IPO)  in the next 5 years i.e by 2023. BIRA has quickly become popular & overtook some very famous brands. It owes its success to its delicious beer, bold identity and draft network. BIRA 91 has strived to build a strong portfolio of essential beers and aims to drive the global shift towards more color and flavor.


BIRA Unlisted Shares:


BIRA Unlisted shares are available at Planify. only for Rs. 790 per share. Investors can gain the first move advantage by investing in Unlisted shares of BIRA and gain a chance to earn exponential returns. The success of the company can be measured by the fact that BIRA now operates 4 breweries in India and has offices in 9 cities globally including New York city. BIRA today has 2.5% market share of Indian Beer market and holds 10% market share in the premium segment.

BIRA Upcoming IPO:


Beer is one of the most popular alcoholic beverages produced by extracting malted cereal grain, flavored with hops and slowly fermented. In 2018, BIRA CEO, Ankur Jain had commented on the company's plans to launch the Upcoming Initial Public Offering (IPO)  in the next 5 years i.e by 2023.


Financial Status of BIRA:


Revenue Growth:


BIRA’s revenue has grown by an astonishing 28% year-on-year. The company saw a tremendous growth of over 70% in the 2019-22 period where it increased from Rs. 160 Cr. in 2018-19 to Rs. 464 Cr. in 2021-22. The company has become extremely popular amongst millennials. The company has expanded sales globally which has contributed over 12% to their overall revenue.


Asset Growth:


BIRA’s assets have grown by a whopping 40.33% year on year and 40.76% on an average of 2 years. The company seems to be in expansion mode, hence they have also raised funds for establishing a new plant for which location is yet to be decided. The company has made a good brand name over the last 5 years which is helping them raise funds for market expansion and have captured 12% market share.

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