Northern Spirits IPO description – Northern Spirits started it operations in 2012 as Importer & Distributor of fine Alcoholic Beverages and is focused in imports of leading international brands such as 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 and are distributing the same in Northern Region – Delhi, North East, West Bengal.
United Wines a sole proprietorship firm (proprietor Mr. Anuj Bakshi ) started its operations as Distributor of Alcoholic Beverages in 2002 and was focusing mainly into IMFL brands in Eastern region. On 1st April 2018, United Wines was merged with Northern Spirits Limited.
Northern Spirits promoters – Mr Kulbir Bakshi, Mr Anuj Bakshi and Mr Ankush Bakshi
| Northern Spirits – Upcoming IPO details | |
| Subscription Dates | 22 – 27 March 2019 |
| IPO Price band | INR43 per share |
| Fresh issue | 4,302,000 shares (INR18.50 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,302,000 shares (INR18.50 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR15.65 crore
- General Corporate Purposes – INR1.50 crore
- Issue Expenses – INR1.35 crore
| Northern Spirits’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | H1 FY2019 | |
| Total revenue | 1.02 | 1.67 | 3.40 | 17.36 | 25.89 | 48.66 |
| Total expenses | 0.99 | 1.56 | 3.91 | 16.71 | 24.51 | 44.85 |
| Profit after tax | 0.02 | 0.10 | -0.51 | 0.53 | 1.01 | 2.75 |
Northern Spirits Contact Details
Northern Spirits LimitedÂ
5A, Woodburn Park Road
Woodburn Central Unit 603, 6th Floor
Kolkata-700020
Phone:Â +91 033 22902043
Email: [email protected]
Website:Â www.northernspirits.in
Northern Spirits IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.26 |
| Day 2 | 0.54 |
| Day 3 | 0.81 |
| Day 4 | 1.23 |
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Northern Spirits Valuation (For FY2018)
Earnings Per Share (EPS): INR12.83
Price/Earnings (P/E) ratio: 3.35
Return on Net Worth (RONW): 16.30%
Net Asset Value (NAV): INR31.70 per share
Registrar of Northern Spirits IPO
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
Email:Â [email protected]
Website:Â http://www.cameoindia.com
Northern Spirits IPO Allotment Status
Northern Spirits IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of Northern Spirits
IPO Opening Date: 22 March 2019
IPO Closing Date: 27 March 2019
Listing Date: 4 April 2019
Listing Price on BSE SME: INR43.7 per share (up 1.63% from IPO price)
Closing Price on BSE SME: INR43.1 per share (up 0.23% from IPO price)
