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