Northern Spirits Limited
IPO Details
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Having completed its public offering, Northern Spirits Limited's is now listed and trading on the BSE exchange as of Apr 04, 2019. The IPO raised cumulative capital of 43,02,000 Shares, including TBD in primary capital infusion.
The IPO was conducted with a price range of ₹43 to ₹43 and minimum investment requirement of 3000 shares. subscription activity between Mar 22, 2019 and Mar 27, 2019 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Apr 02, 2019 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Northern Spirits Limited, established in 2012 and based in New Delhi, is an importer and distributor of premium alcoholic beverages with a strong presence in North India, including Delhi, the North East, and West Bengal, and has achieved steady business growth of around 40% annually over four years; the company distributes a wide range of products such as whisky, vodka, gin, red and white wines, beer, and tequila, representing well-known international brands like William Grants, Bacardi Global, Shepherd Neame Beer, Carlo Rossi California Wines, and Cooper’s Australian Beer, while also handling exclusive blends through agency and franchise arrangements and partnering with South State Beverage, Australia, for the manufacturing and supply of DNA-branded alcoholic beverages, as it continues to focus on expansion and new opportunities in the growing foreign liquor market.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Has its own setup and uses third-party warehouses too
- Good understanding of the market to spot new opportunities
- Focused on delivering quality products
- Strong market knowledge and solid business relationships
NA
- Mr. Kulbir Bakshi
- Mr. Anuj Bakshi
- Mr. Ankush Bakshi
Northern Spirits Limited
Cameo Corporate Services Limited