Globus Spirits, a Delhi-based company engaged in the business of manufacture, sales and marketing of Indian Made Foreign Liquor (IMFL), Industrial Alcohol comprising of rectified spirit and Extra Neutral Alcohol and Country Liquor proposes to enter the capital market on August 31, this year with an initial public issue of Rs 75, 00,000 equity shares of Rs 10 each through 100 per cent book building process.

The price has been fixed at Rs 90 to Rs 100 per equity share of Rs 10 each. The issue closes on September 2. CARE has assigned CARE IPO grade 3 to the issue. The Issue will constitute 37.96 per cent of the post issue paid up capital of the company. Srei Capital Markets and Keynote Corporate Services are the BRLMs of the Issue. The equity shares are proposed to be listed on BSE and NSE.

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The company will also install a Multi-Pressure Distillation Plant to produce high quality Extra Neutral Alcohol (ENA) of 35,000 litres per day from both molasses and grain at its Behror Unit in Rajasthan as well as produce ENA from grain at Samalkha Unit in Haryana enhancing the total installed capacity to 4, 98, 00,000 BL per annum from 2, 88, 00,000 BL per annum.

Headquartered in Delhi, the company has an IMFL brand portfolio of its own and also has tie ups for bottling IMFL products of other brand owners like 20-20  Premium Whisky, Hannibal Legendry XXX Rum, White Lace Gin to name a few.

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