Business Standard

Northern Spirits Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

18.50 cr

Price Range (₹)

43

Lot Size

3000

Min Investment (₹)

1,29,000.00

Listing Exchange

BSE - SME

Open Date

22-Mar-2019

Close Date

27-Mar-2019

Listing Date

04-Apr-2019

Northern Spirits Ltd News

    The Shares of Northern Spirits Ltd have now been listed.

    Northern Spirits Ltd IPO Details

    Public issue of 43,02,000 equity shares of face value of Rs.10 each (equity shares) of Northern Spirits Limited (the company or the issuer) for cash at a price of Rs.43 per equity share, including a share premium of Rs.33 per equity share (the issue price), aggregating to Rs.18.50Crores (the issue), of which 2,16,000 equity shares of face value of Rs.10 each for cash at a price of Rs.43 per equity share, aggregating to Rs.0.93 Crores will be reserved for subscriptions by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 40,86,000 equity shares of face value of Rs.10 each for cash at a price of Rs.43 per equity share, aggregating to Rs.17.57 Crores is here in after referred to as the net issue. The issue and the net issue will constitute 26.80% and 25.46% respectively of thepost issue paidup equity share capital of the company.The face value of the equity share is Rs.10 each and the issue price is Rs.43 i.e. 4.30 times of the face value of the equity Shares. The minimum lot size is 3,000 equity shares

    Objective of issue

    Working Capital Requirement. General Corporate Purposes.

    Northern Spirits Ltd Contact Details

    Northern Spirits Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - info@northernspirits.in

    Website - www.northernspirits.in