Bira 91 Unlisted Shares
B9 Beverages (Bira 91)
Bira 91, operated by B9 Beverages, is India's fastest-growing craft beer brand with 50+ SKUs across beer, hard seltzer, and low-alcohol drinks, present in 550+ cities.
Read the full company profileBira 91 share details
- Lot size
- 50 shares
- Min. investment
- ₹3,700
- Face value
- ₹10
- ISIN
- INE833U01014
- CIN
- U80903DL2012PLC236595
- Lock-in after IPO
- 6 months
Bira 91 share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About Bira 91
When is the Bira 91 IPO?
Strengths
- Bira 91 is an established consumer brand. The group still generated revenue from operations of INR 6,385.31 million in FY24, after INR 8,243.23 million in FY23.
- Backers include Peak XV Partners Investments V and Kirin Holdings Singapore Pte. Ltd., which the annual report names as enterprises with significant influence over the company.
- The company has raised capital to fund the business. Non-current borrowings raised during FY24 were used for the purposes they were taken for, according to the annual report.
- It sells beyond India, as the annual report says the company exports its products to various countries.
- The founder is closely involved. Mr. Ankur Jain, the Managing Director, has also given a personal guarantee for company borrowings.
Risks
- Sales fell. Consolidated revenue from operations dropped from INR 8,243.23 million in FY23 to INR 6,385.31 million in FY24.
- Losses are growing. The group lost INR 7,488.00 million in FY24, against INR 4,454.83 million in FY23, and basic loss per share was INR 125.99.
- Consolidated total equity turned negative at INR 4,821.17 million at 31 March 2024, from positive INR 1,618.59 million a year earlier.
- Debt is high at INR 5,858.22 million, and the company reported delays in interest repayment to some lenders on its standalone books.
- The standalone going concern note says the net worth is fully eroded and that there is a material uncertainty that may cast significant doubt about continuing as a going concern.
- Operating cash flow on the standalone books was negative INR 422.63 million in FY24, so the business is not funding itself.
- The company has tax and VAT claims against it that are listed as contingent liabilities, including income tax claims for several assessment years.
- Receivables are a pressure point. Standalone credit-impaired trade receivables were INR 374.04 million at 31 March 2024, against INR 164.60 million a year earlier.
- The company is not listed. Unlisted share prices are indicative, trading is thin and there is no assurance an IPO will happen.
Bira 91 financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY24Latest | FY23 |
|---|---|---|
| Revenue (₹ Cr) | 639 | 824 |
| PAT (₹ Cr) | -749 | -445 |
| PAT Margin (%) | -117.27 | -54.04 |
| RoNW (%) | 155.31 | -275.23 |
| EPS (₹) | -125.99 | -90.70 |
| Debt / Equity | -1.22 | — |
| Net Worth (₹ Cr) | -482 | 162 |
Swipe the table sideways for earlier years →
Management team
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Bira 91 unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
