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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 Promoters:

Promoters of the company are:

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

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

Issue OpenMar 22, 2019 - Mar 27, 2019
Issue TypeFixed Price Issue IPO
Issue Size4,302,000 Eq Shares of Rs 10
(aggregating up to Rs 18.50 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 43 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Northern Spirits IPO Promoter Holding

Pre Issue Share Holding90.98%
Post Issue Share Holding66.59%

Northern Spirits IPO Subscription Status (Bidding Detail)

Northern Spirits IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,043,000

2,043,000

4,086,000

Mar 26, 2019 16:39

1.33x

0.38x

0.86x

Northern Spirits IPO Prospectus

Northern Spirits IPO Rating

48
4.1
Rating:Rated 4.1 stars

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Northern Spirits IPO Reviews / Ratings

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   »  Report
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: http://www.cameoindia.com

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Northern Spirits IPO Review / Comments

avatar
3. Dinesh Singh  Mar 22, 2019 16:50 I Like It. | Report Abuse Reply
Excellent subscription by HNI on day 1.
Looks it will rock.
avatar
2. Hiteshji  Mar 18, 2019 18:16 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
They are making full of us. Borrowing money from us by higher issue price and after listing price come down. They don't bother also. And some times company delist also. It is better to invest in primary market or else keep in bank fd. Atleast you cant loos your money. Beaware of such issue who dont have any fundamentals.
avatar
1. SME BADSHAH  Mar 17, 2019 16:23 I Like It. 2 | Report Abuse Reply
Funding touch:- You have not mentioned at what price & date this people have got the shares.Please give complete details.



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