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Northern Spirits IPO is a fixed price issue of Rs 18.50 crores.
Northern Spirits IPO bidding started from March 22, 2019 and ended on March 27, 2019. The shares got listed on BSE SME on April 4, 2019.
Northern Spirits IPO price is ₹43 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹129,000.
Finshore Management Services Limited is the book running lead manager of the Northern Spirits IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Northern Spirits IPO RHP for detailed information.
| IPO Date | March 22, 2019 to March 27, 2019 |
| Listing Date | April 4, 2019 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,302,000 shares (aggregating up to ₹18.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,749,200 |
| Share holding post issue | 16,051,200 |
| Market Maker portion | 216,000 shares |
Northern Spirits IPO offers 4,302,000 shares. 2,043,000 (47.49%) to NII, 2,043,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 216,000 (5.02%) |
| Other Shares Offered | 2,043,000 (47.49%) |
| Retail Shares Offered | 2,043,000 (47.49%) |
| Total Shares Offered | 4,302,000 (100%) |
Investors can bid for a minimum of 3000 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 | 3000 | ₹129,000 |
| Retail (Max) | 1 | 3000 | ₹129,000 |
| Lot Size Calculator | |||
Promoters of the company are:
1. Mr Kulbir Bakshi
2. Mr Anuj Bakshi
3. Mr Ankush Bakshi
| Share Holding Pre Issue | 90.98% |
| Share Holding Post Issue | 66.59% |
Incorporated in 2012, Northern Spirits Limited (NSL) a New Delhi based Importer & Distributor of fine Alcoholic Beverages Company. The company is involved in the distribution of Whisky, Vodka, GIN, Red and white wine, Beer, tequila etc. in Northern Region - Delhi, North East, and West Bengal. Northern Spirits achieved 40% annual business growth in four years.
Company imports and distribute leading alcohol brands such as William Grants, Bacardi Global, Shepherd Neame Beer, Carlo Rossi California Wines, and Cooper's Australian Beer.
The company also imports exotic blends along with its Agency Brands and Franchisee Ownership for some class-apart liquors.
Northern Spirits have collaboration with South State Beverage, Australia for manufacturing and supply of DNA Branded Alcoholic Beverages.
Further, the company is planning to enhance the business and grab the high growth opportunities for the foreseeable future in the foreign liquor industry.
The competitive strengthens of the company are:
1. Own infrastructure and third-party warehouse
2. Sound knowledge of the market in identifying opportunities
3. Quality focused products
4. Strong market skills and relationships
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 76,92.55 | 20,40.78 | 12,55.15 | 7,84.12 | 4,63.74 | 70.00 | |
| Total Revenue | 48,66.17 | 25,89.28 | 17,36.42 | 3,39.81 | 1,67.14 | 1,01.64 | |
| Profit After Tax | 2,75.44 | 1,00.63 | 53.23 | (50.85) | 9.62 | 2.21 | |
The Objects of the Issue are:
1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes
[Dilip Davda]
On the basis of the current financial performance, the issue appears fully priced. Looking at rising trends in the top and bottom line, it is poised for bright prospects ahead. Investors may consider an investment for the long term.
The Northern Spirits IPO is subscribed 1.30 times on March 27, 2019 6:49:04 PM. The public issue subscribed 0.78 times in the retail category, times in the QIB category, and 1.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.83 |
| Retail | 0.78 |
| Total | 1.30 |
| Listing Date | April 4, 2019 |
| BSE Script Code | 542628 |
| NSE Symbol | |
| ISIN | INE01BL01012 |
| Final Issue Price | ₹43 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹43.00 |
| ₹43.70 |
| ₹41.55 |
| ₹43.70 |
| ₹43.10 |
Northern Spirits Limited
5A, Woodburn Park Road,
Woodburn Central Unit 603, 6th Floor,
Kolkata-700020, West Bengal,
Phone: 033-22902043
Email: info@northernspirits.in
Website: http://www.northernspirits.in
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Northern Spirits IPO is a SME IPO of 4,302,000 equity shares of the face value of ₹10 aggregating up to ₹18.50 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 22, 2019, and closes on March 27, 2019.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Northern Spirits IPO opens on March 22, 2019 and closes on March 27, 2019.
Northern Spirits IPO lot size is 3000 Shares, and the minimum amount required is ₹129,000.
You can apply in Northern 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 Northern Spirits IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Northern Spirits IPO allotment status.
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