Northern Spirits Limited IPO Details

A strong Start in Punjab from 1975 extending to Maharashtra through ‘Wine Enterprises’ from 1991 onwards followed by an appreciable entrepreneurial Journey, commenced in the year 2002-03, in West Bengal, through sister concern United Wines (Kolkata). A rich practical experience of 42 years in alcohol beverages lays foundation for Northern Spirits to be a Pan-India operator along with key indicators which instil confidence within its channel partners.

Northern Spirits Limited IPO Details
Issue Open	22-03-2019
Issue Close	27-03-2019
Allotment Date	02-04-2019
Unblocked Amount	03-04-2019
Listing Date	04-04-2019
Issue Share	43,02,000 Total Equity Share 2,16,000 Reserved by Market Maker 40,86,000 Equity Share
Issue Size	₹ 18.49 Cr
IPO Price Band	₹ 43
Minimum Share Bid	3000
Minimum Investment Amount [Rs]	₹ 1,29,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME

Northern Spirits Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
14-03-2019 : 08:00 PM	-	-	-	-

Northern Spirits Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Assets	Total Revenue	Total Expenses	Profit After Tax
FY-2014	0.70	1.01	0.99	0.022
FY-2015	4.63	1.67	1.55	0.096
FY-2016	7.84	3.39	3.90	-0.50
FY-2017	12.55	17.36	16.70	0.53
FY-2018	20.40	25.89	24.50	1.00
30-09-2018	76.92	48.66	44.84	2.75

Northern Spirits Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 12.83
Price/Earnings [P/E] Ratio	3.93
Return on Net Worth [RoNW]	16.30 %
Net Asset Value [NAV]	₹ 51.23 Per Share

Northern Spirits Limited IPO Subscription Details [Closing-27-03-2019]
As on Date	QIB/NII	RII	Total
Shared Offred	20,43,000	20,43,000	40,86,000
Day-1 [22-03-2019]	10,80,000 [0.53]	78,000 [0.04]	11,58,000 [0.28]
Day-2 [25-03-2019]	20,64,000 [1.01]	2,82,000 [0.14]	23,46,000 [0.57]
Day-3 [26-03-2019]	27,27,000 [1.33]	7,83,000 [0.38]	35,10,000 [0.86]
Day-4 [27-03-2019]	37,29,000 [1.83]	15,96,000 [0.78]	53,25,000 [1.30]

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Northern Spirits Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Northern Spirits Limited IPO Contact Details
Northern Spirits Limited 5A, Woodburn Park Road, Woodburn Central Unit 603, 6th Floor, Kolkata-700020, West Bengal, India Tel No: 033-22902043 Email: info@northernspirits.in Website: www.northernspirits.in

Registrar of Northern Spirits Limited IPO
CAMEO CORPORATE SERVICES LIMITED "Subramanian Building", #1, Club House Road, Chennai - 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753

Lead Managers of Northern Spirits Limited IPO
FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: +91 – 33 – 22895101 Email: ramakrishna@finshoregroup.com Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar SEBI Registration No: INM000012185

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