Northern Spirits was incorporated on September 13, 2012. The company is a New Delhi-based importer and distributor of alcoholic beverages and it is involved in the distribution of these beverages in the Northern Region of the country
| Bidding Dates |
|---|
| 22 Mar 2019 - 27 Mar 2019 |
| Subscription |
|---|
| 1.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,000 | 1 | 1 | 3000 | 4.3 M | ₹43 | 73.2 % | ₹185.0 M | RHP DOC |
Northern Spirits IPO SUBSCRIPTION STATUS
27 Mar '19Northern Spirits IPO overall subscription rate was 1.3 times the total available shares
Northern Spirits IPO retail subscription rate was 0.78 times in the retail segment
Northern Spirits IPO non-institutional investor subscription rate was 1.83 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Mar 2019 (Day 4) | 0.78x | 1.83x | - |
22 Mar 2019 (Day 1) | 0.04x | 0.53x | - |
25 Mar 2019 (Day 2) | 0.14x | 1.01x | - |
26 Mar 2019 (Day 3) | 0.38x | 1.33x | - |
Northern Spirits FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY19 | 27.5 | 484.5 | -472.4 | -531.3 |
| FY18 | 10.1 | 258.7 | -69.4 | -69.4 |
| FY17 | 5.3 | 173.2 | 8.2 | 2.2 |
| FY16 | -5.1 | 32.2 | 10.1 | 6.3 |
| FY15 | 1.0 | 15.9 | 7.2 | -30.6 |
| FY14 | 0.2 | 9.8 | -2.4 | -2.7 |
Northern Spirits IPO SUBSCRIPTION STATUS DETAILS
Northern Spirits had 4.3 M shares on offer
Northern Spirits IPO offer price was ₹43
Northern Spirits IPO minimum Investment was ₹129000
Northern Spirits IPO issue size was ₹ 185.0 M
Northern Spirits had a minimum lot size of 3000 Shares per application
Northern Spirits NUMBER OF SHARES ON OFFER
Northern Spirits IPO IMPORTANT DATES
| Issue Open Date | 22 Mar 2019 |
| Issue close Date | 27 Mar 2019 |
| Allotment Date | 01 Apr 2019 |
| Refund Date | 02 Apr 2019 |
| Demat Account Credit Date | 03 Apr 2019 |
| Listing Date | 04 Apr 2019 |
| Listing on Exchange(s) | BSE |
| Northern Spirits Allotment Status | Exchange |
Northern Spirits IPO subscription opened on 22 Mar 2019, and closed on 27 Mar 2019
IPO allotment for Northern Spirits was finalized on Monday, 01 Apr 2019
IPO listing for Northern Spirits was on BSE on Thursday, 04 Apr 2019
Northern Spirits IPO LISTING GAINS
| Issue Price (adjusted) | 43.0 |
| Listing Open Price | 43.7 |
| Listing Close Price | 43.1 |
| Listing Gain% | 1.6% |
| Current Gain% | 199.1% |
Northern Spirits Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Northern Spirits Ltd. | 128.6 | 206.4 | 7.6 | 0.4 | 0.1 | 18.2 | 7.1 | 2310.9 | 18.9 | 27.1 | 18.2 | 16.9 | 18.1 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Northern Spirits INFORMATION ON IPO ISSUE
About Northern Spirits
Northern Spirits was incorporated on September 13, 2012. The company is a New Delhi-based importer and distributor of alcoholic beverages and it is involved in the distribution of these beverages in the Northern Region of the country
Object of the Issue
- To meet the working capital requirements of the company
- To meet the issue expenses
- General corporate purposes
Northern Spirits - PROMOTERS
| Name |
|---|
| Kulbir Bakshi |
| Anuj Bakshi |
| Ankush Bakshi |
Northern Spirits Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Northern Spirits investor@cameoindia.com
Cameo Corporate Services Limited
investor@cameoindia.com
Northern Spirits Strengths
Experienced team
The company is being managed by Anuj Bakshi, Ankush Bakshi and Kulbir Bakshi who have decades of experience to their credit in the foreign liquor industry
Leveraging market skills
The company aims to leverage marketing skills and relationships and further enhance customer satisfaction
Quality assurance
The company is dedicated towards the quality of products which has helped it to maintain long-term relations with customers and has also facilitated it entrenching with new customers
Northern Spirits Risks
Approvals, licenses, registration and permits
The company requires a number of approvals, licenses, registration and permits for business and failure to obtain or renew them in a timely manner may adversely affect operations
Related party transaction
The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders
IPO FAQs
The promoters of the company are Kulbir Bakshi, Anuj Bakshi and Ankush Bakshi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 43.0 - 43.0.
The IPO application opens on Mar 22, 2019 and closes on Mar 27, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 129,000.0, the maximum value for this IPO is Rs 129,000.0.
This IPO will be allotted on Apr 01, 2019.
The refund will be credited to your account on Apr 02, 2019.
The allotted shares will be credited to your demat on Apr 03, 2019.
Northern Spirits Ltd.’s shares listed on the stock exchanges on Apr 04, 2019.