Bookbuilding IPO | ₹75 Cr | Listed at BSE, NSE | Mon, Aug 31, 2009 - Wed, Sep 2, 2009
Globus Spirits IPO is a book build issue of ₹75.00 crores. The issue is entirely a fresh issue of 0.75 crore shares of ₹75.00 crore.
Globus Spirits IPO bidding started from Aug 31, 2009 and ended on Sep 2, 2009. The shares got listed on BSE, NSE on Sep 23, 2009.
Globus Spirits IPO price band is set at ₹100 per share. The lot size for an application is 70. The minimum amount of investment required by an retail is ₹7,000 (70 shares) (based on upper price). The lot size investment for sNII is 29 lots (2,030 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (10,010 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Srei Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Globus Spirits IPO RHP for detailed Information.
IPO Open
Mon, Aug 31, 2009
IPO Close
Wed, Sep 2, 2009
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹197.58 Cr
| IPO Date | 31 Aug to 2 Sep, 2009 |
| Listed on | Wed, Sep 23, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,00,000 shares (agg. up to ₹75 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹75 Cr) |
| Share Holding Pre Issue | 1,22,57,741 shares |
| Share Holding Post Issue | 1,97,57,741 shares |
| BSE Script Code / NSE Symbol | 533104 / GLOBUSSPR |
| ISIN | INE615I01010 |
Globus Spirits IPO comprises a total issue size of 75,00,000 shares. The net offer to the public is 74,50,000 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 37,25,000 (50.00%) are allocated to QIB, 11,17,500 (15.00%) allocated to NII 26,07,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 37,25,000 | 50.00% | 49.67% | NA |
| NII (HNI) Shares Offered | 11,17,500 | 15.00% | 14.90% | NA |
| Retail Shares Offered | 26,07,500 | 35.00% | 34.77% | 37,250 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 0.67% | NA | |
| Total Shares Offered | 75,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹7,000 |
| Retail (Max) | 28 | 1,960 | ₹1,96,000 |
| S-HNI (Min) | 29 | 2,030 | ₹2,03,000 |
| S-HNI (Max) | 142 | 9,940 | ₹9,94,000 |
| B-HNI (Min) | 143 | 10,010 | ₹10,01,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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).
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 | 6.76 |
| 2 | Multi-Pressure Distillation Plant, including Slurry mixing and Liquefaction, saccharification cum-Fermentation along with auxiliaries etc., to produce quality Extra Neutral Alcohol (ENA) of 35,000 Litres per day from Grain at Samalkha Unit. | 26.65 |
| 3 | otal Spirit based Starch Liquefaction section of 15 KLPD capacity at Behror Unit i.e., capacity expansion from 60 KLPD to 75 KLPD. | 3.33 |
| 4 | Fermentation Modification Work in existing Grain based Distillery at Behror Unit | 0.66 |
| 5 | Powerpac Travelling Grate Furnace Boilers at Behror & Samalkha | 9.18 |
| 6 | 2000 KW/415V Bleed-cum-Back Pressure Turbine at Behror & Samalkha | 4.50 |
| 7 | Green House Gases (GHG) Abatement Project under the Clean Development Mechanism (CDM) of the Kyoto Protocol at Behror & Samalkha. | 0.15 |
| 8 | Brand Development for Marketing of IMFL Brands | 28.51 |
| 9 | Acquisition of Canteen Stores Department (CSD) registered IMFL Brands | 3.00 |
| 10 | MFL Bottling Section at Samalkha Unit. | 2.62 |
| 11 | IMFL Bottling Section at Behror Unit | 3.52 |
| 12 | Miscellaneous Civil Structures | 0.40 |
| KPI | |
|---|---|
| RoNW | 21.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.41% | 59.81% |
| Market Cap | ₹197.58 Cr. |
The Globus Spirits IPO is subscribed 1.5 times on September 2, 2009 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.86 | 37,25,000 | |
| NII | 4.76 | 11,17,500 | |
| Retail | 1.03 | 26,07,500 | |
| Employee | 0.96 | 50,000 | |
| Total | 1.5 | 75,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of BRLMs | 1.88 |
| 2 | IPO Grading Expense | 0.05 |
| 3 | Underwriting commission | 0.38 |
| 4 | Brokerage & Selling commission | 1.55 |
| 5 | Advertisement & Marketing expenses | 1.00 |
| 6 | Printing and Stationery, Distribution, postage etc | 0.90 |
| 7 | Other Expenses (including Registrar fees, legal fees, filing fees, listing fees, depository charges etc) | 0.88 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹110.00 | ₹101.00 |
| Low | ₹89.30 | ₹89.50 |
| High | ₹111.30 | ₹111.70 |
| Last Trade | ₹90.75 | ₹91.00 |
Lead Manager Reports
Globus Spirits IPO is a main-board IPO of 75,00,000 equity shares of the face value of ₹10 aggregating up to ₹75 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 70.
The IPO opens on Mon, Aug 31, 2009, and closes on Wed, Sep 2, 2009.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Globus Spirits IPO using UPI as a payment gateway. Zerodha customers can apply in Globus Spirits IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Globus Spirits IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Globus Spirits IPO opens on Mon, Aug 31, 2009 and closes on Wed, Sep 2, 2009.
Globus Spirits IPO lot size is 70, and the minimum amount required for application is ₹7,000.
You can apply in Globus Spirits IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Sep 23, 2009.
