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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 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
| 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 Size | 4,302,000 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 |
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 |
| Pre Issue Share Holding | 90.98% |
| Post Issue Share Holding | 66.59% |
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.
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.83 |
| Retail | 0.78 |
| Total | 1.30 |
| 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 |
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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
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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.
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