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Northern Spirits IPO is a fixed price issue of ₹18.50 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹18.50 crore.
Northern Spirits IPO bidding started from Mar 22, 2019 and ended on Mar 27, 2019. The shares got listed on BSE SME on Apr 4, 2019.
Northern Spirits IPO price is ₹43.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,29,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,58,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Airan Finstocks Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,02,000 shares (aggregating up to ₹18.50 Cr) |
| Reserved for Market Maker | 2,16,000 shares Airan Finstocks Pvt.Ltd. (aggregating up to ₹0.9288 Cr) |
| Net Offered to Public | 40,86,000 shares (aggregating up to ₹17.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,17,49,200 shares |
| Share Holding Post Issue | 1,60,51,200 shares |
Northern Spirits IPO offers total 43,02,000 shares. Out of which 20,43,000 (47.49%) allocated to NII, 20,43,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.02%) |
| NII (HNI) Shares Offered | 20,43,000 (47.49%) |
| Retail Shares Offered | 20,43,000 (47.49%) |
| Total Shares Offered | 43,02,000 (100.00%) |
Northern Spirits IPO opens on March 22, 2019, and closes on March 27, 2019.
| IPO Open Date | Fri, Mar 22, 2019 |
| IPO Close Date | Wed, Mar 27, 2019 |
| Tentative Listing Date | Thu, Apr 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 27, 2019 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,29,000 |
| Retail (Max) | 1 | 3,000 | ₹1,29,000 |
| HNI (Min) | 2 | 6,000 | ₹2,58,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Northern Spirits IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 15.65 |
| 2 | Public issue expenses | 1.35 |
| 3 | General Corporate Purposes | 1.50 |
[Dilip Davda] <p><br />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.</p> Read detail review...
| Listing Date | April 4, 2019 |
| BSE Script Code | 542628 |
| NSE Symbol | |
| ISIN | INE01BL01012 |
| Final Issue Price | ₹43 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹43.70 |
| Low | ₹41.55 |
| High | ₹43.70 |
| Last Trade | ₹43.10 |
Northern Spirits Ltd.
5A, Woodburn Park Road,
Woodburn Central Unit 603,
6th Floor,
Kolkata, West Bengal, 700020
Phone: 033-22902043
Email: info@northernspirits.in
Website: http://www.northernspirits.in
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Northern Spirits IPO is a SME IPO of 43,02,000 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.
The IPO opens on March 22, 2019, and closes on March 27, 2019.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Northern Spirits IPO using UPI as a payment gateway. Zerodha customers can apply in Northern Spirits IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Northern Spirits IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Northern Spirits IPO opens on March 22, 2019 and closes on March 27, 2019.
Northern Spirits IPO lot size is 3000, and the minimum amount required for application is ₹1,29,000.
You can apply in Northern 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 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.
The Northern Spirits IPO listing date is on Thursday, April 4, 2019.
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