Northern Spirits Limited, a Kolkata Based Liquor company is issuing the IPO (Initial Public Offering) in March 2019 through which it aims to raise a capital of Rs 18.49 crore. This IPO will be offered from 22nd March 2019 to 27th March 2019 at a price of Rs 43 per equity share. The allocated equity shares of Northern Spirits IPO will be listed on BSE SME platform for further trading.
Company Details
Northern Spirits Limited (NSL) was incorporated in the year 2012 in Kolkata for a primary business of liquor. At the time of incorporation, it started its operation as importer and distributor of fine alcoholic beverages and focused on importing the leading international brands including William Grants, Bacardi Global, Shepherd Neame Beer, Carl Rossi, Australian Wine etc. It has been importing single malt, Glants whisky, Hendricks gin, and a variety of liquor products.
On 1st April 2018, it entered into the joint venture with United Wines Limited, a distributor of alcoholic beverages working from the year 2002. NSL has established itself as a leading player in the international brand space of Delhi-NCR market. They have a wide range of portfolio including luxury brands in beers, wines, vodka, tequila, Irish whisky, etc. The company is promoted by Mr Kulbir Bakshi, Mr Anuj Bakhshi, and Mr Ankush Bakhshi. As on 3oth September 2018, the total assets of the company stands at Rs 76.92 crore and total revenue stands at Rs 48.66 crore.
Northern Spirits IPO – Issue Details
| Type of Issue | Fixed Price Issue IPO |
|---|---|
| Issue Opens | 22nd March 2019 |
| Issue Closes | 27th March 2019 |
| Face Value | Rs 10 |
| Issue Price | Rs 43 Per Equity Share (Premium at Rs 33) |
| Issue Size | 2,16,000 equity shares (Rs 18.49 crore) |
| Market Lot | 3,000 shares |
| Minimum Order | 3,000 shares |
| Listing | BSE SME |
Northern Spirits IPO – Objects of the Issue
The following are the objects of this upcoming issue by Northern Spirits Limited:-
- To meet the working capital requirement of the company.
- To meet the expenses made during this IPO issue.
- General corporate purpose.
Northern Spirits IPO – Company Contact Details
Address:-
5A, Woodburn Park Road, Woodburn Central Unit 603, 6th Floor, Kolkata – 700020.
Telephone: +91-33-22902043
Website: www.northernspirits.in
Northern Spirits IPO – Lead Manager to the Issue
The lead manager of this IPO issue is Finshore Management Services Limited.
Northern Spirits IPO – Registrar to the Issue
The registrar to this IPO Issue is Cameo Corporate Services Limited.
Northern Spirits IPO – Issue Prospectus
Click here to read the prospectus of Northern Spirits Initial Public Offering in March 2019.
Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Northern Spirits IPO #investments
