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Globus Spirits Limited IPO (Globus Spirits IPO) Detail

August 31, 2009 - September 2, 2009

Globus Spirits IPO is a book built issue of Rs 75.00 crores.

Globus Spirits IPO bidding started from August 31, 2009 and ended on September 2, 2009. The shares got listed on BSE, NSE on September 23, 2009.

Globus Spirits IPO price band is set at ₹90 to ₹100 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹7,000.

Srei Capital Markets Ltd is the book running lead manager of the Globus Spirits IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Globus Spirits IPO RHP for detailed information.

Globus Spirits IPO Details

IPO Date August 31, 2009 to September 2, 2009
Listing Date September 23, 2009
Face Value ₹10 per share
Price Band ₹90 to ₹100 per share
Lot Size 70 Shares
Total Issue Size7,500,000 shares
(aggregating up to ₹75.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue12,257,741
Share holding post issue19,757,741

Globus Spirits IPO Reservation

Globus Spirits IPO offers 7,500,000 shares. 3,725,000 (49.67%) to QIB, 1,117,500 (14.90%) to NII, 2,607,500 (34.77%) to RII, 50,000 (0.67%) to employees. 37,250 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 2,030 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,725,000 (49.67%)NA
NII (HNI) Shares Offered1,117,500 (14.90%)
Retail Shares Offered2,607,500 (34.77%)37,250
Employee Shares Offered50,000 (0.67%)NA
Total Shares Offered7,500,000 (100%)

Globus Spirits IPO Lot Size

Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 70 ₹7,000
Retail (Max) 28 1960 ₹196,000
Lot Size Calculator

Globus Spirits IPO Promoter Holding

Share Holding Pre Issue 96.41%
Share Holding Post Issue 59.81%

About Globus Spirits Limited

Incorporated in 1993, Globus Spirits Limited is amongst the leading players in the Alcohol industry in North India. They are in the business of manufacturing, sales and marketing of Indian Made Foreign Liquor (IMFL), Industrial Alcohol and Country Liquor.

Globus Spirits major brands are Samurai Gold, Hannibal Rum, White Lace Gin & White Lace Duet Gin.

Globus Spirits owns two modern distilleries which are situated at:

Behror, District Alwar, Rajasthan: The production facility is built on an area spread over 17.97 acres of land. The unit has its own captive supply of water and power.
Samalkha, District Panipat, Haryana: The production facility is built on an area spread over 16.575 acres of land. This unit too has its own captive supply of water and power.

The total licensed and installed capacity of both the units stand is at 144 lakh Bulk Litres (BL) per annum each.

The plants are currently engaged in the manufacturing of Industrial Alcohol [comprising Rectified Spirit, and Extra Neutral Alcohol (ENA)]; Country Liquor (CL); and Indian Made Foreign Liquor (IMFL).

Key Performance Indicator

Objects of the Issue (Globus Spirits IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:

1. Installation of a Multi-Pressure Distillation Plant to produce quality Extra Neutral Alcohol (ENA) of 35,000 Litres per day from both Molasses and Grain at Behror Unit in Rajasthan;
2. Installation of a Multi-Pressure Distillation Plant to produce quality Extra Neutral Alcohol (ENA) of 35,000 Litres per day from Grain at Samalkha Unit in Haryana;
3. Installation of a High-Pressure Boiler and Back–Pressure Turbine;
4. Brand development for marketing IMFL brands in 10 more States/Union Territories;
5. Acquisition of Canteen Stores Department (CSD) registered IMFL Brands;
6. Revamping of existing storage/bottling capacity at Samalkha Unit, Haryana and modernization of Bottling Section at Behror Unit, Rajasthan;
7. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.


Globus Spirits IPO Subscription Status (Bidding Detail)

The Globus Spirits IPO is subscribed 1.50 times on September 2, 2009 5:00:00 PM. The public issue subscribed 1.03 times in the retail category, 0.86 times in the QIB category, and 4.76 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.86
NII4.76
Retail1.03
Employee0.96
Total1.50

Globus Spirits Limited IPO Grading / Rating

CARE has assigned an IPO Grade 3 to Globus Spirits Limited IPO. This means as per CARE, company has average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download CARE rating document.

Globus Spirits IPO Prospectus

Globus Spirits IPO Rating

331
3.0
Rating:Rated 3.0 stars
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Globus Spirits IPO Listing Details

Listing Date September 23, 2009
BSE Script Code 533104
NSE Symbol GLOBUSSPR
ISIN INE615I01010
Final Issue Price ₹100 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹100.00
₹110.00
₹89.30
₹111.30
₹90.75
NSE
₹100.00
₹101.00
₹89.50
₹111.70
₹91.00

Check IPO Performance…

Globus Spirits Limited Contact Details

Globus Spirits Limited
Globus Spirits Limited,
C-631, New Friends Colony,
New Delhi - 110065, India
Phone: + 91-11-41628325
Email: ipo@globusgroup.in
Website: http:// www.globusspirits.com

Globus Spirits IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: globus.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Globus Spirits IPO - Buy or Not

Globus Spirits IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

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Globus Spirits IPO FAQs

Globus Spirits IPO is a main-board IPO of 7,500,000 equity shares of the face value of ₹10 aggregating up to ₹75.00 Crores. The issue is priced at ₹90 to ₹100 per share. The minimum order quantity is 70 Shares.

The IPO opens on August 31, 2009, and closes on September 2, 2009.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Globus Spirits IPO opens on August 31, 2009 and closes on September 2, 2009.

Globus Spirits IPO lot size is 70 Shares, and the minimum amount required is ₹7,000.

You can apply in Globus Spirits IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Globus Spirits IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Globus Spirits IPO allotment status.

The Globus Spirits IPO listing date is on September 23, 2009.
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Globus Spirits IPO Message Board

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255 Comments

255. rama |   Link |  Bookmark |November 24, 2009 3:12:02 PM
Very good stock, available at cheap valuation
254. Rajesh |   Link |  Bookmark |October 24, 2009 5:24:12 PM
It will cross 100 shortly. Very good result
253. rohit garg |   Link |  Bookmark |October 21, 2009 12:56:23 AM
what to do with this stock?
252. alok |   Link |  Bookmark |October 20, 2009 2:32:49 PM
VOILLAAAAAAAAAAA
It has hit the upper circuit today with huge volume.
Is there any manupulation being taken pace in the stock price?
251. suyog |   Link |  Bookmark |October 10, 2009 2:11:17 PM
it will definately tank upto 10 bucks. then only it became value buy
250. Ravi, Bangalore |   Link |  Bookmark |October 5, 2009 3:06:25 PM
Merchant Bankers should have issued below Rs.75 so that investors would have made listing gain.

Long-term investors can ACCUMULATE in 56 - 75 range.
6 - 12 months target 110
1 - 2 years target 145, 170
249. ipoipo |   Link |  Bookmark |September 30, 2009 10:35:25 PM
Rs.60 Looks really bottom. Tilaknagar industries has 13nos liquor making plant, larger brands and balance sheet and is availablet at 5-6PE. So 60ragne one should accumulate Globus.
248. Ravi, Bangalore |   Link |  Bookmark |September 30, 2009 1:28:12 PM
ACCUMULATE in 60 - 75 range. 1 year target 140 or even 170
247. Naresh GS |   Link |  Bookmark |September 29, 2009 7:35:15 PM
Hi Rama.

I think its really good stock in medium to longer term given its margins. As the company product is consumption based and every year this product attracts potential youths who are legally eligible to drink. Hence, i believe the fundamentals of overall company & sector is very attractive.

If you are deserving good returns hold it for long term.
246. rama |   Link |  Bookmark |September 26, 2009 3:44:02 PM
I have 100 shares of globus spirits purchased at Rs.91.25/
What to do? Hold or sell? Any idea guys..?
245. anthony |   Link |  Bookmark |September 24, 2009 11:40:58 PM
Message No.217,218,219: Please write properly or write in hindi or any language where grammer or other things will be right.
244. REHMAN |   Link |  Bookmark |September 24, 2009 10:25:54 PM
Guys - do u think global spirits will touch 115 to 120 by the end of next week i.e 1st oct
243. nishraa nirav |   Link |  Bookmark |September 24, 2009 9:57:16 PM
SORRY GUYS TO EVERY BODY....BECAUSE THIS INFORMATION I WOULD GET ALSO ANOTHER PERSON AND I ALSO TRAPPED IN THIS IPO BECAUSE I HAVE ALSO BUY LARGE QUANTITY AT 108/- SO I M SORRY TO ALL OF MY INVESTER FRIENDS.....
242. nishraa nirav |   Link |  Bookmark |September 24, 2009 9:45:12 PM
EVERY PERSON HAS OWN OPENION FOR ANYTHING AND I THINK THIS IS MY OPENION TO JUST FOR ME NOT AT THE ALL....
241. nishraa nirav |   Link |  Bookmark |September 24, 2009 9:42:48 PM
I THINK IN FETURE GLOBUS SPIRITS STOCKS WOULD BE VERY SPECULATIVE STOCKS AND I THINK THROUGH OUT FOR MY OPENION THIS IS THE BEST STOCKS FOR THE INVESTMENT AT CURRENT LEVEL OR 10% MORE DISCOUNT...IT WOULD BE GOOD BUYING OPERTUNITY...SO
240. investormaster |   Link |  Bookmark |September 24, 2009 7:04:40 PM
Globus sprit is looking very attractive at current level. Technically very strong fundamental are supporting the scrip..won't get better oppurtunity to buy those scrip.FII is also looking for both the scrip...also lots of analyst are providing the bright future for both these scrips..sure shot both the stock will give us the return of 15-20 % within three trading session...can't wait for better oppurtunity
239. tulisiyan shah |   Link |  Bookmark |September 24, 2009 6:37:11 PM
Dekha.......bola tha sabko it will be in discount..its next target 55
238. VJ |   Link |  Bookmark |September 24, 2009 5:22:36 PM
Hay Alok,

Stop speculating, other speculative guys are completely shut now..not even a single message from them in the last 2 days, GUYS THOSE WERE TALKING ABOUT HIGH LISTING. Don't join their list unless you are spammer/speculator, I can't help!
237. Ganesh smart in |   Link |  Bookmark |September 24, 2009 12:23:28 PM
luckily i did not get any allotment since i have applied at its right price 90/- Rs. the whole QIB lot was sold on the very first day of listing, which shows almost zero credibility of the promoters. now its only speculation in this stock. finally it will settle around 75/-.
236. Ram |   Link |  Bookmark |September 24, 2009 10:45:58 AM
To 211.Natraj

Retail will be always bakras. Eventhough so many IPO's fail still the greed of making big money on listing day keeps luring them.

If every one is smart enough and does not apply if the issue is stiffly priced then the pricing would be good but in bullish times every one becomes greedy to make money.

The IPO flop story will continue like this..

I think the era of making money very good money in IPO's is gone for ever now.