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Northern Spirits Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹43
Per Share
GMP
NIL
Grey Market
Est. Listing
₹43
Expected Price
Min. Application
₹258,000
2 lots × 3000 shares
IPO Issue Details
Issue Price / Price Band₹43 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size43,02,000 shares (aggregating up to ₹18.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 22 Mar 2019
Subscription CloseWed, 27 Mar 2019
Anchor AllotmentThu, 21 Mar 2019
Basis of AllotmentTue, 02 Apr 2019
Initiation of RefundsWed, 03 Apr 2019
Credit of Shares to DematWed, 03 Apr 2019
Listing DateThu, 04 Apr 2019
UPI Mandate Deadline2019-03-27
Application & Investment Details
Retail — Min (1 Lots)₹1,29,000 — 3,000 shares
Retail — Max (13 Lots)₹1,677,000 (13 Lots)
HNI — Min (2 Lots)₹2,58,000 — 6,000 shares
Net Offer to Public40,86,000 shares (aggregating up to ₹17.57 Cr)
Reserved for Market Maker2,16,000 shares (aggregating up to ₹0.9288 Cr)
Pre-IPO Promoter Holding1,17,49,200 shares
Post-IPO Promoter Holding1,60,51,200 shares
About Northern Spirits Ltd.

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 warehouse2. Sound knowledge of the market in identifying opportunities3. Quality focused products4. Strong market skills and relationships

Objects of the Issue

Northern Spirits Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Working Capital Requirement
15.65
2
2 Public issue expenses
1.35
3
3 General Corporate Purposes
1.50
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,17,49,200 shares
Post-IPO Promoter Holding 1,60,51,200 shares
Check AllotmentCheck Status →
Northern Spirits Ltd. — Live Price LIVE
₹43.00
INR · BSE
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Issue ₹43.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹43
GMPNIL
Est. Listing₹43
Lot Size3,000 shares
Min Amount₹258,000
Listing Date04 Apr 2019
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹43
Listing Date04 Apr 2019
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 216,000 ₹0.93 Cr
TOTAL 4,302,000 100.00% ₹18.50 Cr
* Based on ₹43.00 (upper price band)
Lot Size & Investment Details
Lot Size
3,000
Shares
Issue Price
₹43.00
Per Share
Min Investment
₹129,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 3,000 ₹129,000
Retail (Max) 13 39,000 ₹1,677,000
sNII (Min) 14 42,000 ₹1,806,000
bNII (Min) 68 204,000 ₹8,772,000
Company Financials — Restated Consolidated (Amount in Lakhs)
Particulars30-Sept-1831-Mar-1831-Mar-17
Revenue from Operations 4866.17 2589.28 1736.42
EBITDA N/A N/A N/A
Profit After Tax (PAT) 275.44 100.63 53.23
Net Worth N/A N/A N/A
Total Assets 7692.55 2040.78 1255.15
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹43
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Northern Spirits Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
5A, Woodburn Park Road, Woodburn Central Unit 603, 6th Floor, Kolkata, West Bengal, 700020
Book Running Lead Managers
Finshore Management Services Ltd.
Book Running Lead Manager (BRLM)