Fixed Price IPO | ₹18 Cr | Listed at BSE SME | Fri, Mar 22, 2019 - Wed, Mar 27, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 22, 2019
IPO Close
Wed, Mar 27, 2019
Issue Price
₹43 per share
Market Cap (Pre-IPO)
₹69.02 Cr
| IPO Date | 22 to 27 Mar, 2019 |
| Listed on | Thu, Apr 4, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 43,02,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 2,16,000 shares Airan Finstocks Pvt.Ltd. (agg. up to ₹0.9288 Cr) |
| Fresh Issue (Ex Market Maker) | 40,86,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 40,86,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,17,49,200 shares |
| Share Holding Post Issue | 1,60,51,200 shares |
| BSE Script Code | 542628 |
| ISIN | INE01BL01012 |
Northern Spirits IPO comprises a total issue size of 43,02,000 shares. The net offer to the public is 40,86,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,43,000 (50.00%) allocated to NII 20,43,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,43,000 | 50.00% | 47.49% |
| Retail Shares Offered | 20,43,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.02% | |
| Total Shares Offered | 43,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| 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 | Working Capital Requirement | 15.65 |
| 2 | Public issue expenses | 1.35 |
| 3 | General Corporate Purposes | 1.50 |
The Northern Spirits IPO is subscribed 1.3 times on March 27, 2019 6:49:04 PM (Day 4). The public issue subscribed 0.78 times in the retail category, [.] times in the QIB category, and 1.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.83 | 20,43,000 | 37,29,000 |
| Retail | 0.78 | 20,43,000 | 15,96,000 |
| Total | 1.3 | 40,86,000 | 53,25,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc and other out of Pocket Expenses | 1.11 |
| 2 | Advertising and Marketing Expenses | 0.05 |
| 3 | Regulators Including Stock Exchanges | 0.16 |
| 4 | Printing and distribution of Issue Stationary | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹43.70 |
| Low | ₹41.55 |
| High | ₹43.70 |
| Last Trade | ₹43.10 |
Lead Manager Reports
Northern Spirits IPO is a SME IPO of 43,02,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 22, 2019, and closes on Wed, Mar 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 Fri, Mar 22, 2019 and closes on Wed, Mar 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 Thu, Apr 4, 2019.
