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Open
22 Mar 2019
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Close
27 Mar 2019
3
Allotment
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Listing
Thu, Apr 4, 2019
Price Band
₹43 per share
Issue Size
43,02,000 shares (agg. up to ₹18 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Apr 4, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.20x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 76.93 | 20.41 | 12.55 | 7.84 |
| Total Income | 48.66 | 25.89 | 17.36 | 3.40 |
| Profit After Tax | 2.75 | 1.01 | 0.53 | -0.51 |
| NET Worth | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 21.93 | 4.97 | 1.16 | 0.63 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gleam Fabmat Ltd. | SME | ₹3.12 Cr | ₹10 | null | ₹8.55 | -14.50% | ₹22.00 (-4.80%) |
| Diksha Greens Ltd. | SME | ₹13.32 Cr | ₹30 | null | ₹35.90 | +19.67% | ₹1.10 (+1.85%) |
| Roni Households Ltd. | SME | ₹3.00 Cr | ₹20 | null | ₹20.50 | +2.50% | ₹39.90 (+5.00%) |
| Sun Retail Ltd. | SME | ₹10.12 Cr | ₹23 | null | ₹37.80 | +64.35% | ₹0.28 (+0.00%) |
| AKG Exim Ltd. | SME | ₹5.52 Cr | ₹31 | null | ₹32.00 | +3.23% | ₹9.99 (-4.49%) |
| Palm Jewels Ltd. | SME | ₹8.90 Cr | ₹30 | null | ₹35.85 | +19.50% | ₹15.40 (-0.65%) |
| MSTC Ltd. | Mainboard | ₹211.04 Cr | ₹120 | null | ₹113.95 | -5.04% | ₹631.85 (-3.01%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 15.65 |
| 2 | Public issue expenses | 1.35 |
| 3 | General Corporate Purposes | 1.50 |
About Northern Spirits IPO
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 warehouse2. Sound knowledge of the market in identifying opportunities3. Quality focused products4. Strong market skills and relationships+ Read More
Contact Details
Northern Spirits Ltd. Address5A, Woodburn Park RoadWoodburn Central Unit 6036th FloorKolkata, West Bengal, 700020033-22902043info@northernspirits.inVisit Website