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B9 Beverages Ltd, the owner of the craft beer brand Bira 91, plans to go public in 2026. The startup claims to be the fourth-largest beer company in India, holding a 5% market share across key regions

B9 Beverages has tapped investment banking firm Morgan Stanley for its pre-IPO process.

"We are planning our IPO in 2026. This is contingent on meeting operating milestones in the business," B9 Beverages' CEO Ankur Jain was quoted as saying.

Last month, the beer brand raised $25 Mn (about INR 208 Cr) via external commercial borrowing (ECB) from its existing backer Kirin Holdings.
 

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