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).
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.
|Issue Open||Aug 31, 2009 - Sep 2, 2009|
|Issue Type||Book Built Issue IPO|
|Issue Size||7,500,000 Eq Shares of Rs 10 |
(aggregating up to Rs 75.00 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 90 - Rs 100 Per Equity Share|
|Market Lot||70 Shares|
|Min Order Quantity||70 Shares|
|Listing At||BSE, NSE|
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.
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Sep 2, 2009 17:00
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Globus Spirits Limited
Globus Spirits Limited,
C-631, New Friends Colony,
New Delhi - 110065, India
Phone: + 91-11-41628325
Website: http:// www.globusspirits.com
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