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Globus Spirits Limited IPO (Globus Spirits IPO) Detail

Aug 31, 2009 - Sep 2, 2009

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).

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:

1. Installation of a 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 in Rajasthan;
2. Installation of a Multi-Pressure Distillation Plant to produce quality Extra Neutral Alcohol (ENA) of 35,000 Litres per day from Grain at Samalkha Unit in Haryana;
3. Installation of a High-Pressure Boiler and Back–Pressure Turbine;
4. Brand development for marketing IMFL brands in 10 more States/Union Territories;
5. Acquisition of Canteen Stores Department (CSD) registered IMFL Brands;
6. Revamping of existing storage/bottling capacity at Samalkha Unit, Haryana and modernization of Bottling Section at Behror Unit, Rajasthan;
7. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Globus Spirits IPO Details

Issue OpenAug 31, 2009 - Sep 2, 2009
Issue TypeBook Built Issue IPO
Issue Size7,500,000 Eq Shares of Rs 10
(aggregating up to Rs 75.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 90 - Rs 100 Per Equity Share
Market Lot70 Shares
Min Order Quantity70 Shares
Listing AtBSE, NSE

Globus Spirits Limited IPO Grading / Rating

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.

Globus Spirits IPO Subscription Status (Bidding Detail)

Globus Spirits IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

3,725,000

1,117,500

2,607,500

50,000

7,500,000

Sep 2, 2009 17:00

0.86x

4.76x

1.03x

0.96x

1.50x

Globus Spirits IPO Prospectus

Globus Spirits IPO Rating

331
3.0
Rating:Rated 3.0 stars

Vote Here ...

Globus Spirits IPO Listing Date

  •   ›  Listing Date: Wednesday, September 23, 2009
  •   ›  BSE Script Code: 533104
  •   ›  NSE Symbol: GLOBUSSPR
  •   ›  Listing In: B
  •   ›  ISIN: INE615I01010
  •   ›  Issue Price: Rs 100 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 100.00
Rs 110.00
Rs 89.30
Rs 111.30
Rs 90.75
10,395,529
NSE
Rs 100.00
Rs 101.00
Rs 89.50
Rs 111.70
Rs 91.00
13,142,820

Globus Spirits IPO Reviews / Ratings

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Company Contact Information

Globus Spirits Limited
Globus Spirits Limited,
C-631, New Friends Colony,
New Delhi - 110065, India

Phone: + 91-11-41628325
Email: ipo@globusgroup.in
Website: http:// www.globusspirits.com

Globus Spirits IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: globus.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

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Globus Spirits IPO Review / Comments

avatar
255. rama  Nov 24, 2009 14:12 I Like It. | Report Abuse
Very good stock, available at cheap valuation
avatar
254. Rajesh  Oct 24, 2009 16:24 I Like It. | Report Abuse
It will cross 100 shortly. Very good result
avatar
253. rohit garg  Oct 20, 2009 23:56 I Like It. | Report Abuse
what to do with this stock?
avatar
252. alok  Oct 20, 2009 13:32 I Like It. | Report Abuse
VOILLAAAAAAAAAAA
It has hit the upper circuit today with huge volume.
Is there any manupulation being taken pace in the stock price?
avatar
251. suyog  Oct 10, 2009 13:11 I Like It. | Report Abuse
it will definately tank upto 10 bucks. then only it became value buy
avatar
250. Ravi, Bangalore  Oct 5, 2009 14:06 I Like It. | Report Abuse
Merchant Bankers should have issued below Rs.75 so that investors would have made listing gain.

Long-term investors can ACCUMULATE in 56 - 75 range.
6 - 12 months target 110
1 - 2 years target 145, 170
avatar
249. ipoipo  Sep 30, 2009 21:35 I Like It. | Report Abuse
Rs.60 Looks really bottom. Tilaknagar industries has 13nos liquor making plant, larger brands and balance sheet and is availablet at 5-6PE. So 60ragne one should accumulate Globus.
avatar
248. Ravi, Bangalore  Sep 30, 2009 12:28 I Like It. | Report Abuse
ACCUMULATE in 60 - 75 range. 1 year target 140 or even 170
avatar
247. Naresh GS  Sep 29, 2009 18:35 I Like It. | Report Abuse
Hi Rama.

I think its really good stock in medium to longer term given its margins. As the company product is consumption based and every year this product attracts potential youths who are legally eligible to drink. Hence, i believe the fundamentals of overall company & sector is very attractive.

If you are deserving good returns hold it for long term.
avatar
246. rama  Sep 26, 2009 14:44 I Like It. | Report Abuse
I have 100 shares of globus spirits purchased at Rs.91.25/
What to do? Hold or sell? Any idea guys..?
avatar
245. anthony  Sep 24, 2009 22:40 I Like It. | Report Abuse
Message No.217,218,219: Please write properly or write in hindi or any language where grammer or other things will be right.
avatar
244. REHMAN  Sep 24, 2009 21:25 I Like It. | Report Abuse
Guys - do u think global spirits will touch 115 to 120 by the end of next week i.e 1st oct
avatar
243. nishraa nirav  Sep 24, 2009 20:57 I Like It. | Report Abuse
SORRY GUYS TO EVERY BODY....BECAUSE THIS INFORMATION I WOULD GET ALSO ANOTHER PERSON AND I ALSO TRAPPED IN THIS IPO BECAUSE I HAVE ALSO BUY LARGE QUANTITY AT 108/- SO I M SORRY TO ALL OF MY INVESTER FRIENDS.....
avatar
242. nishraa nirav  Sep 24, 2009 20:45 I Like It. | Report Abuse
EVERY PERSON HAS OWN OPENION FOR ANYTHING AND I THINK THIS IS MY OPENION TO JUST FOR ME NOT AT THE ALL....
avatar
241. nishraa nirav  Sep 24, 2009 20:42 I Like It. | Report Abuse
I THINK IN FETURE GLOBUS SPIRITS STOCKS WOULD BE VERY SPECULATIVE STOCKS AND I THINK THROUGH OUT FOR MY OPENION THIS IS THE BEST STOCKS FOR THE INVESTMENT AT CURRENT LEVEL OR 10% MORE DISCOUNT...IT WOULD BE GOOD BUYING OPERTUNITY...SO
avatar
240. investormaster  Sep 24, 2009 18:04 I Like It. | Report Abuse
Globus sprit is looking very attractive at current level. Technically very strong fundamental are supporting the scrip..won't get better oppurtunity to buy those scrip.FII is also looking for both the scrip...also lots of analyst are providing the bright future for both these scrips..sure shot both the stock will give us the return of 15-20 % within three trading session...can't wait for better oppurtunity
avatar
239. tulisiyan shah  Sep 24, 2009 17:37 I Like It. | Report Abuse
Dekha.......bola tha sabko it will be in discount..its next target 55
avatar
238. VJ  Sep 24, 2009 16:22 I Like It. | Report Abuse
Hay Alok,

Stop speculating, other speculative guys are completely shut now..not even a single message from them in the last 2 days, GUYS THOSE WERE TALKING ABOUT HIGH LISTING. Don't join their list unless you are spammer/speculator, I can't help!
avatar
237. Ganesh smart in  Sep 24, 2009 11:23 I Like It. | Report Abuse
luckily i did not get any allotment since i have applied at its right price 90/- Rs. the whole QIB lot was sold on the very first day of listing, which shows almost zero credibility of the promoters. now its only speculation in this stock. finally it will settle around 75/-.
avatar
236. Ram  Sep 24, 2009 09:45 I Like It. | Report Abuse
To 211.Natraj

Retail will be always bakras. Eventhough so many IPO's fail still the greed of making big money on listing day keeps luring them.

If every one is smart enough and does not apply if the issue is stiffly priced then the pricing would be good but in bullish times every one becomes greedy to make money.

The IPO flop story will continue like this..

I think the era of making money very good money in IPO's is gone for ever now.



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