Northern Spirits Limited IPO

Add to Calendar 2019-03-22 12:00 AM 2019-03-27 12:00 AM Asia/Kolkata Northern Spirits Limited IPO Northern Spirits Limited India

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

Issue Detail

  • Issue Open: Mar 22, 2019
  • Issue Close: Mar 27, 2019
  • Issue Type: Fixed Price Issue
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 43 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 18.50 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 2,043,000 2,043,000 - - 4,086,000
Day 1 - Mar 22, 2019IST - 0.53x 0.04x - - 0.28x
Day 2 - Mar 25, 2019IST - 1.01x 0.14x - - 0.57x

Listing Day Trading Information

- BSE NSE
Issue Price - -
Open - -
Low - -
High - -
Last Trade - -
Volume - -

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