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Northern Spirits IPO vs V R Films IPO

Comparison between Northern Spirits IPO and V R Films IPO.

IPO Details

Northern Spirits IPO is a SME Fixed Price IPO proposed to list at BSE SME while V R Films IPO is a SME Fixed Price proposed to list at BSE SME.

 Northern Spirits IPOV R Films IPO
LogoNorthern Spirits IPO LogoV R Films IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAiran Finstocks Pvt.Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Northern Spirits IPO is up to ₹17.57 Cr whereas the issue size of the V R Films IPO is up to ₹2.15 Cr. The final issue price of Northern Spirits IPO is ₹43.00 per share and of V R Films IPO is ₹61.00 per share.

 Northern Spirits IPOV R Films IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹43.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size40,86,000 shares3,52,000 shares
Fresh Issue Size (Amount)up to ₹17.57 Crup to ₹2.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,86,000 shares3,52,000 shares
Issue Size Total (Amount)up to ₹17.57 Crup to ₹2.15 Cr

IPO Timetable

Northern Spirits IPO opens on Mar 22, 2019, while V R Films IPO opens on Apr 12, 2019. The closing date of Northern Spirits IPO and V R Films IPO is Mar 27, 2019, and Apr 18, 2019, respectively.

 Northern Spirits IPOV R Films IPO
Anchor Bid Date
Issue OpenMar 22, 2019Apr 12, 2019
Issue CloseMar 27, 2019Apr 18, 2019
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)Apr 04, 2019Apr 30, 2019
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Northern Spirits IPO P/E ratio is , as compared to V R Films IPO P/E ratio of .

 Northern Spirits IPOV R Films IPO
Financials
Summary of financial Information (Restated)
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
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Oct-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 653.01 614.93 512.94 545.57
Total Revenue 362.31 1,277.73 606.04 623.02
Profit After Tax 34.09 97.57 27.43 3.26
Promoter Shareholding (Pre-Issue)90.9899.99
Promoter Shareholding (Post-Issue)66.5972.89
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Northern Spirits IPO Retail Individual Investors (RII) are offered 20,43,000 shares while in V R Films IPO retail investors are offered 20,43,000 shares. Qualified Institutional Buyers (QIB) are offered in Northern Spirits IPO and in V R Films IPO.

 Northern Spirits IPOV R Films IPO
Anchor Investor Reserveration
Market Maker Reserveration2,16,000 shares20,000 shares
QIB
NII20,43,000 shares1,76,000 shares
RII20,43,000 shares1,76,000 shares
Employee
Others
Total40,86,000 shares3,52,000 shares

Bids Received (Subscription)

Northern Spirits IPO subscribed 1.30x in total, whereas V R Films IPO subscribed 1.53x.

 Northern Spirits IPOV R Films IPO
QIB (times)
NII (times)1.83x1.50x
Big NII (times)
Small NII (times)
RII (times)0.78x1.56x
Employee (times)
Other (times)
Total (times)1.30x1.53x