Friday, March 15, 2019

Northern Spirits IPO Dates, Review, Price Band, IPO Allotment & Market Lot

Northern Spirits is incorporated 2012 based in New Delhi. The company is a importer and distributor of fine Alcoholic Beverages. They focused in imports of leading international brands like William Grants ( Glenfiddich Single Malt, Grants Whisky, Monkey Shoulder Whisky, Balvenie Single Malt, Hendricks Gin), Bacardi Global ( Grey Goose Vodka, Bombay Sapphire Gin, Dewar’s Whisky, Martini Vermouth), Shepherd Neame Beer, Amigos Beer, Carlo Rossi California Wines, Tomich Australian Wines, Cooper’s Australian Beer, West Cork irish Whiskey, Two Tree Gin, Reddot Wheat Beer, Aqua Riva Mexican Tequila & Organika Russian Vodka. They are distributing these products in Delhi, North East and West Bengal. Northern Spirits ipo is starting from 22-March and ends on 27-March. The price band is around Rs.43 with 3000 market lot. The ipo size is around 18.50 crore rupees.

IPO Review:
  • Adding Soon
Northern Spirits IPO Dates & Price Band:
  • IPO Open: 22-March-2019
  • IPO Close: 27-March-2019
  • IPO Size: Approx Rs 18.50 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.43 Per Equity Share
  • Listing on: BSE SME
  • Shares: 4,302,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,29,000
IPO Allotment & Listing:
  • Basis of Allotment: 02-April-2019
  • Refunds: 03-April-2019
  • Credit to demat accounts: 04-April-2019
  • Listing: 05-April-2019
Financial Results:
  Rs. in Crore
Revenue Expenses PAT
2014 1.02 0.99 0.02
2015 1.67 1.56 0.10
2016 3.40 3.91 0.51
2017 17.36 16.71 0.53
2018 25.89 24.51 1.01

Northern Spirits IPO Important Links:

Northern Spirits IPO Allotment Status:
Company Promoters:
  • Mr Kulbir Bakshi
  • Mr Anuj Bakshi
  • Mr Ankush Bakshi
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129

IPO Lead Managers:
  • Finshore Management Services Limited
Company Address:
Northern Spirits Limited
5A, Woodburn Park Road
Woodburn Central Unit 603, 6th Floor
Phone: +91 033 22902043