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B9 BEVERAGES LTD Logo

B9 BEVERAGES LTD

Last Traded Price

₹305.00 ( 0.00 % )

Principles

Company Name

B9 BEVERAGES LTD


ISIN No.

INE833U01014


No. of Outstanding Shares

19013486


PAN No.

AAECD6739Q


Face Value

₹ 10.00


EPS

₹-234.30


PE ratio

None


P/S Ratio

0.90


Market Capitalization (in Cr)

₹760.54


Book value

₹85.13


P/BV

4.70


DRHP Filed?

No


Available on

nsdl/cdsl


Sector

BEVERAGES


CIN

U80903DL2012PLC236595


Registration Date

May 28, 2012


Stock Performance

Stock Price Over Time

Share Details

Company Snapshot

B9 Beverages (Bira 91) is a leading Indian craft-beer company backed by global investors, ambitiously scaling production via a large UP brewery, and eyeing a 2026 IPO.

Founded & Brand: Launched in 2015 by Ankur Jain, B9 Beverages introduced Bira 91 (e.g., Blonde, White, Strong, IPA variants) and later expanded into ciders, seltzers, and the Beer Café pub chain.

Production & Facilities

  • Currently operates six leased breweries across India, producing ~8 million cases annually.
  • Constructing a new UP factory (₹60–70 M capex) to boost capacity to 50 million cases, potentially becoming India’s largest brewery; phase 1 expected by summer 2025.
  • Funding & Investors

    • Total raised: $449+ million
    • Key funding rounds:
      • $50M from Sofina (2018)
      • $30M from Kirin Holdings (2021)
      • $50M in 2024 (Kirin $25M + Tiger Pacific $25M)
    • BlackRock arranging ₹500 Cr in structured debt (reported)

    Growth Strategy & IPO Plans

    • Scaling beyond major metros into smaller towns as beer consumption broadens Business Standard.
    • Appointed Morgan Stanley for pre-IPO fundraising; targeting an IPO in 2026, contingent on operational milestones.

    Key Strengths

    • Strong brand positioning in India’s craft-beer segment with growing international presence (25+ countries).
    • Robust investor support and an expanding production footprint to enhance scale.

INDUSTRY OUTLOOK

Market Size & Growth

The Indian brewery market was valued at approximately ₹79,000 crore in 2023 and is expected to grow at a CAGR of 8–10%, potentially reaching over ₹1.2 lakh crore by 2028.

The premium and craft beer segments are outperforming traditional strong and mild beer categories.

Key Trends

Premiumization: Consumers, especially in urban centers, are shifting toward premium lagers, wheat beers, and craft options.

Rise of Microbreweries: India has over 300 microbreweries, mostly in cities like Bengaluru, Pune, Gurugram, and Hyderabad.

Health-Conscious Choices: Increasing interest in low-alcohol, zero-alcohol, and flavored beers, particularly among younger and female consumers.

Digital Sales Channels: Select states (e.g., Maharashtra, West Bengal) are piloting online alcohol delivery, which may boost long-term consumption and convenience.

Opportunities

Penetration into Tier 2 & Tier 3 Cities: Growing middle-class incomes and changing social norms are opening up new markets beyond metros.

Export Potential: Indian craft beers have export opportunities in the UAE, Southeast Asia, and diaspora markets like the UK and US.

Innovation in Product Lines: Increasing demand for seasonal brews, fruity flavors, and collaborations with food brands or celebrities.

Conclusion

The Indian brewery industry is poised for significant growth, driven by evolving consumer preferences, premiumization, and increasing social acceptance.

VC Fund 33.30% (total)
Category Shareholder / Investor Name Type % Holding
🧑‍💼 Founders Ankur Jain, family & associates Promoter ~11.52%*
🏢 Enterprises Kirin Holdings Strategic Investor Included in 35.51%
Other Corporate Investors Strategic / Enterprise
📊 Funds Sequoia Capital PE / VC Fund
Sofina Ventures PE Fund
Tiger Pacific Capital Growth Capital
Sixth Sense Ventures
Others (unnamed) Institutional
👤 Other Investors High Net-Worth Individuals, Family Offices Non-Institutional 19.67%
💼 ESOP Pool Employee Stock Option Pool Equity for Employees 3.42%
🔒 Unclassified / Rounding - ~0.08%
Total 100%