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Bira 91 Maker Plans To Go Public In 2026

B9 Beverages Limited

Created at 18 Jul 2024 10:57

The company that owns the craft beer brand Bira 91, B9 Beverages Ltd., is allegedly preparing to go public in 2026. The startup claims to have a 5% market share across important regions, making it the fourth-largest beer manufacturer in India.

According to ET, which cited sources familiar with the matter, B9 Beverages has chosen Morgan Stanley as its investment banking partner for the pre-IPO process.

Our goal is to go public in 2026. This is dependent on reaching operational benchmarks in the company, according to a report citing Ankur Jain, CEO of B9 Beverages.

The beer company received $25 million (about INR 208 crore) last month from its current sponsor Kirin Holdings through external commercial borrowing (ECB).

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