Northern Spirits IPO is all about to make its debut on 22 March 2019 with issue size of INR 18.50cr
Northern Spirits Ltd (NSL), an importer and distributor of premium alcoholic beverages, was founded in 2012. It is situated in New Delhi. In the Northern Area, which includes Delhi, the North East, and West Bengal, the corporation is involved in the distribution of whisky, vodka, gin, red and white wine, beer, tequila, etc. In four years, Northern Spirits had 40% yearly business growth.
Northern Spirits Ltd (NSL), an importer and distributor of premium alcoholic beverages, was founded in 2012. It is situated in New Delhi. In the Northern Area, which includes Delhi, the North East, and West Bengal, the corporation is involved in the distribution of whisky, vodka, gin, red and white wine, beer, tequila, etc. In four years, Northern Spirits had 40% yearly business growth. Leading alcohol brands like William Grants, Bacardi Worldwide, Shepherd Neame Beer, Carlo Rossi California Wines, and Cooper’s Australian Beer are imported and distributed by the company. Together with its Agency Brands and Franchisee Ownership for some specialty liquors, the corporation also imports unique mixtures. For the production and distribution of DNA Branded Alcoholic Drinks, Northern Spirits has partnered with South State Beverage in Australia.
INDUSTRY OVERVIEW
The forecast for global GDP growth for 2018 is 3.7%, relying on the revival of global majors and the ongoing policy stimulus-driven development in China, India, and comparable nations. With less political uncertainty and rising private consumption, respectively, both Europe and Japan are predicted to have better and longer-lasting growth momentum than the United States, which is only likely to witness a slight growth pickup due to higher business and consumer confidence.
Digitization, an improved labour force, and higher productivity can support growth momentum and provide an environment where firms can prosper. Yet, businesses must continue to concentrate on bolstering their growth through a sensible blend of technology, innovation, and talent.
Northern Spirits IPO Details
| IPO Date | Mar 22, 2019 to Mar 27, 2019 |
| Listing Date | Thursday, April 4, 2019 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 Shares |
| Issue Size | 4,302,000 shares of ₹10(aggregating up to ₹18.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||||
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 76,92.55 | 20,40.78 | 12,55.15 | 7,84.12 | 4,63.74 | 70.00 | |
| Total Revenue | 48,66.17 | 25,89.28 | 17,36.42 | 3,39.81 | 1,67.14 | 1,01.64 | |
| Profit After Tax | 2,75.44 | 1,00.63 | 53.23 | (50.85) | 9.62 | 2.21 |
Objects of the Issue
The Objects of the Issue are:
1. To satisfy the company’s need for working capital
2. To cover the issue’s costs
3. General Business Objectives
Northern Spirits IPO Prospectus
Company Contact Information
Northern Spirits Limited
5A, Woodburn Park Road,
Woodburn Central Unit 603, 6th Floor,
Kolkata-700020, West Bengal,
Phone: 033-22902043
Email: info@northernspirits.in
Website: http://www.northernspirits.in
Northern Spirits IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Northern Spirits IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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