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Northern Spirits Limited IPO (Northern Spirits IPO) Detail

Mar 22, 2019 - Mar 27, 2019

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

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The Objects of the Issue are:

1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes

Northern Spirits IPO Details

IPO Date Mar 22, 2019 to Mar 27, 2019
Listing Date Thursday, April 4, 2019
Face Value ₹10 per share
Price ₹43 per share
Lot Size 3000 Shares
Issue Size4,302,000 shares of ₹10
(aggregating up to ₹18.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Promoters of the company are:

1. Mr Kulbir Bakshi
2. Mr Anuj Bakshi
3. Mr Ankush Bakshi

Northern Spirits IPO Lot Size

The Northern Spirits IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹129,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹129,000
Retail (Max) 1 3000 ₹129,000

Northern Spirits IPO Promoter Holding

Pre Issue Share Holding 90.98%
Post Issue Share Holding 66.59%

Northern Spirits IPO Review


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.

Read detail review...


Northern Spirits IPO Subscription Status (Bidding Detail)

The Northern Spirits IPO is subscribed 1.30 times on Mar 27, 2019 6:49:04 PM. 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)

CategorySubscription (times)
NII1.83
Retail0.78
Total1.30

Northern Spirits IPO Prospectus

Northern Spirits IPO Rating

59
3.8
Rating:Rated 3.8 stars
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Northern Spirits IPO Listing Date

Listing Date Thursday, April 4, 2019
BSE Script Code 542628
NSE Symbol
Listing In MT Group of Securities
ISIN INE01BL01012
IPO Price ₹43 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹43.00
₹43.70
₹41.55
₹43.70
₹43.10

Company Contact Information

Northern Spirits Limited
5A, Woodburn Park Road,
Woodburn Central Unit 603, 6th Floor,
Kolkata-700020, West Bengal,
Phone: 033-22902043
Email: info@northernspirits.in
Website: http://www.northernspirits.in

Northern Spirits IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Northern Spirits IPO Review

Northern Spirits IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Northern Spirits IPO FAQs

Northern Spirits IPO is a SME IPO of 4,302,000 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 Shares.

The IPO opens on Mar 22, 2019, and closes on Mar 27, 2019.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Northern Spirits IPO opens on Mar 22, 2019 and closes on Mar 27, 2019.

Northern Spirits IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Northern Spirits IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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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Northern Spirits IPO Message Board

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54 Comments

28. Small Investors |   Link |Apr 18, 2019 1:03:21 PM
Bulk Deals means Retailers Trap
NSL me kafi buying Bulk Deals hui thi
iska matlab Entry krna h books m
27. Tally Experts |   Link |Apr 17, 2019 12:34:33 PM
Where are you SME and SME Listing this stock now near 35
26. DJ investor |   Link |Apr 10, 2019 12:03:26 PM
Finally .......down Jana stop hua & ye normal trading kab start hogi?? Matlab T group 5% limit se baher kab ayega??????
26.2. DJ investor |   Link |Apr 18, 2019 11:33:05 AM
Hold ya sell?? Wat happen?? Help me pls
26.3. Small Investors |   Link |Apr 18, 2019 12:45:14 PM
Dear DJ
Yet you do;t sold your allotment
why ?
i told regular this stock came near 30
25. Devyansh |   Link |Apr 8, 2019 2:24:23 PM
This message has been removed by a moderator.
25.3. Small Investor |   Link |Apr 9, 2019 1:57:50 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@ Mr.Hate
if you see that Mostly Bulk deals ( sold ) by hni who allotted shares ( see basis of allotment ) are same that is means big hni sold his shares
ab aage kya hoga kisi ko koi pta nhi h
i wait for 35 level for buying one lot
25.4. DJ investor |   Link |Apr 9, 2019 6:11:02 PM
But bluk deal Mai Buy bi huye h...sare ke sare shares....ye Kon le RHA h????? ????% dilevered ??? Who? Why?? Rply....waiting
24. GrowYourMoney |   Link |Apr 9, 2019 5:05:43 PM (300+ Posts, 300+ Likes)
ppl stuck in Daru Stock, woh bhi in Election time
23. Small Investor |   Link |Apr 8, 2019 2:06:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
HNI Exit Contuning from this Counter and Patel Brothers Enter
23.1. Hate small investor |   Link |Apr 8, 2019 3:44:20 PM
Kitna niche jayega... Fir se trap ho gya ...lagta h Mera Sara Paisa share market Mai jayega..help me pls
23.2. Small Investor |   Link |Apr 9, 2019 1:51:57 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Finchore chahe to stock ko 25-30 pr bhi la sakta h and agar chahe to stock ko 50 se upar fenk sakta h
but sala chor h LM
22. Small Investor |   Link |Apr 5, 2019 1:24:36 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Only Rajakumar is right Perosn on this forum
his comments are very useful for retailers
follow only Raja and away from SME NAME Person
22.3. Small Investor |   Link |Apr 8, 2019 1:40:59 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Raja if NSL Come near 30 then i want Buy it
22.4. Small Investor |   Link |Apr 8, 2019 1:43:36 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Patel group Continue invest in this counter that is good Indication
21. GrowYourMoney |   Link |Apr 6, 2019 4:42:21 PM (300+ Posts, 300+ Likes)
liquor is injurious to wealth now....
20. IPOLISTING |   Link |Apr 4, 2019 4:51:49 PM
This message has been removed by a moderator.
20.2. Small Investor |   Link |Apr 5, 2019 1:21:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
now lc with 525000 shares
20.3. Small Investor |   Link |Apr 5, 2019 2:05:04 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
hni sell your holding
19. Dinesh Singh |   Link |Apr 4, 2019 1:54:32 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Dear Rajakumar
I have sold my lot at 43.45.
Bach gaye.
19.1. Small Investor |   Link |Apr 4, 2019 2:28:43 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
now more then 7 lk + seller against 1 lot buyer
you are lucky bro
18. Priyansh Agrawal |   Link |Apr 4, 2019 1:21:03 PM
Sold at 43.05
17. Smelisting |   Link |Apr 4, 2019 12:54:35 PM
This message has been removed by a moderator.
17.1. Small Investor |   Link |Apr 4, 2019 1:09:25 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
There are no buyers yet
16. RAJAKUMAR |   Link |Apr 4, 2019 10:47:32 AM (1400+ Posts, 1200+ Likes)
Dear Dinesh
I sold one lot at 43.7
16.1. Dinesh Singh |   Link |Apr 4, 2019 10:54:55 AM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
I am still holding
Will sell at 10 Am.
16.2. Small Investor |   Link |Apr 4, 2019 12:08:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
If today LC not Open then we see next target of NSL is near 30 in short term as a same of Powerful technology
15. Small Investor |   Link |Apr 4, 2019 11:44:12 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
LM Is Finchore keep awey and sell your allotment immediate
14. RAJAKUMAR |   Link |Apr 4, 2019 11:13:50 AM (1400+ Posts, 1200+ Likes)
Dear Dinesh
Ten minutes no improvement so i sold 43 itself. I exited in this counter.
I will apply Poly with full force.
I will apply Metro with limited qty. today itself.If fii above 15 times means i will increase number of forms.
13. RAJAKUMAR |   Link |Apr 4, 2019 10:46:37 AM (1400+ Posts, 1200+ Likes)
Dear Dinesh
I sold one lot at 43.7
12. Priyansh Agrawal |   Link |Apr 2, 2019 6:34:34 PM
Dear Rajkumar , Dinesh where chack allotment
12.1. Dinesh Singh |   Link |Apr 2, 2019 11:40:44 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
It is firm allotment to RI.
No need to check.
11. RAJAKUMAR |   Link |Apr 2, 2019 4:12:32 PM (1400+ Posts, 1200+ Likes)
Dear Dinesh, Small, medge, Splendid
Apply Polycab and hold it for one year it will double.
11.1. Dinesh Singh |   Link |Apr 2, 2019 5:33:40 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Allotment will be tough.
Need to purchase on listing day.
10. RAJAKUMAR |   Link |Apr 2, 2019 4:32:23 PM (1400+ Posts, 1200+ Likes)
Two applications amount debited
10.1. Dinesh Singh |   Link |Apr 2, 2019 5:31:44 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Mine also one application amount debited.
I think the listing will be on 4th April.
9. Priyansh Agrawal |   Link |Apr 1, 2019 8:58:11 PM
Dear small invester when will be allotment site camio not work