Northern Spirits Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,043,000 (47%) | — | ₹878 Cr |
| Retail | — | 2,043,000 (47%) | — | ₹878 Cr |
| Market Maker | — | 216,000 (5%) | — | ₹9 Cr |
| Σ Total | — | 4,302,000 (100%) | — | ₹18,499 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹129,000 |
| Retail (Max) | 13 | 39,000 | ₹1,677,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,806,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,643,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sept-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 4,866 | 2,589 | 1,736 |
| Profit After Tax | 275 | 101 | 53 |
| Total Assets | 7,693 | 2,041 | 1,255 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Working Capital Requirement – 15.65
- 2 Public issue expenses – 1.35
- 3 General Corporate Purposes – 1.50
Company Overview
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 warehouse
2. Sound knowledge of the market in identifying opportunities
3. Quality focused products
4. Strong market skills and relationships