Alcobrew Distilleries' Revenue Dips Ahead of IPO

Alcobrew Distilleries, a company that makes alcoholic drinks like whisky and vodka, is planning to sell shares to the public through an IPO.

They are looking to raise money to expand their business and cover other needs.

While their revenue slightly decreased in the last fiscal year, their profit increased.

The company exports to over 20 countries, including Uganda and the UAE.

The IPO involves selling new shares and some shares from existing owners.

The company has manufacturing facilities in Solan and Dera Bassi.