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Northern Spirits IPO Subscription Details (Live Status)

Northern Spirits IPO Details

Issue Open Mar 22, 2019
Issue Close Mar 27, 2019
IPO Price ₹43
Face Value ₹10
IPO Size ₹18.50 Cr
Listing At BSE SME
IPO Lot Size 3000
Open an Instant Account with Zerodha

Northern Spirits IPO Subscription Status Live

Northern Spirits IPO subscribed 1.30 times. The public issue subscribed 0.78 times in the retail category, [.] times in QIB, and 1.83 times in the NII category by Mar 27, 2019.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers1.83
Retail Investors0.78
Employees[.]
Others[.]
Total1.30

Northern Spirits IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Mar 22, 2019
0.530.040.28
Day 2
Mar 25, 2019
1.010.140.57
Day 3
Mar 26, 2019
1.330.380.86
Day 4
Mar 27, 2019
1.830.781.30

Northern Spirits IPO Shares Offered

Northern Spirits IPO is a public issue of 4,086,000 equity shares. The issue offers 2,043,000 shares to retail investors, 0 shares to qualified institutional buyers, and 2,043,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr)
NII2,043,0008.78
Retail2,043,0008.78
Total4,086,00017.57

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Northern Spirits IPO Subscription FAQs

The Northern Spirits IPO is subscribed 1.30 by Mar 27, 2019.

Northern Spirits IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional1.83
Retail Individual0.78
Employee Reservations[.]
Others[.]
Total Subscription1.30

Retail category of Northern Spirits IPO subscribed 0.78 times as of date Mar 27, 2019. The public issue closes on Mar 27, 2019 for bidding.

An investor can apply in Northern Spirits IPO online via bank (using ASBA) or the broker (using UPI). The Northern Spirits IPO shares are offered online only.

The Northern Spirits IPO is subscribed 1.30 by Mar 27, 2019.

The Northern Spirits IPO allotment status is expected on or around . Visit Northern Spirits IPO allotment status to check.

The Northern Spirits IPO listing date is Thursday, April 4, 2019. The equity share of Northern Spirits Limited will list on BSE SME.

Visit Northern Spirits IPO subscription status page for real-time bidding information about Northern Spirits IPO.

Northern Spirits IPO Timetable

IPO Opens OnMar 22, 2019
IPO Closes OnMar 27, 2019
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date