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Northern Spirits Limited IPO

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Issue Open Mar 22, 2019
Issue Close Mar 27, 2019
Price Band ₹ 43
Face Value Rs 10 Per Equity Share
Issue Size ₹ 18.50 Cr
Listing Exchange BSE SME
Issue Type Fixed Price Issue
Cut off time for UPI Mandate Confirmation -
Allotment Details -
Refunds -
Credit of Shares to Demat -
Listing On Nov 30, -0001
About the company:

Northern Spirits Limited is an importer and distributor of fine alcoholic beverages the include Whisky, Vodka, GIN, Red and white wine, Beer, tequila etc., across India. The company has its registered office located at Kolkata. As on 30th September 2018, it has 41 full-time employees on a payroll basis.

Date of Incorporation: The Company was established as “Northern Spirits Private Limited” on September 13, 2012, at West Bengal, Kolkata. Eventually, it was reformed to a public limited company on 03rd March 2018 under the brand name “Northern Spirits Limited”.

Promoters of the Company: Mr Kulbir Bakshi, Mr Anuj Bakshi and Mr Ankush Bakshi are the promoters of Northern Spirits Limited.

Products and Service Offerings: It offers a wide range of premium brands like William Grant & Sons, Bacardi, Carlsberg, Kingfisher, Heineken, Corona Extra, Carlo Rossi among several others.

Customer Segments: Northern Spirits Limited primarily distributes brands across high consumption states across Chandigarh, Uttar Pradesh, Himachal Pradesh, Punjab.

While it has entered into distribution contracts to supply in the across Delhi, Assam, Arunachal Pradesh, Meghalaya, Kolkata.

Objects of the Offer: The objectives of Northern Spirits Limited are:

  • - To finance Working Capital requirements of the company.

  • - To fund Issue Related Expenses.

  • - General Corporate Expenses.

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)


30-Sep-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

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