Northern Spirits Limited IPO
BSE SME₹ 258000 /6000 Shares
*Min Investment
22 Mar, 2019
Open Date27 Mar, 2019
Close Date02 Apr, 2019
Allotment Date04 Apr, 2019
Listing DateIPO Issue Details
- Issue Price Rs 43/- Per Equity Share
- Face Value Rs 10/- Per Equity Share
- Issue Price Fresh issue of 43,02,000 Equity Shares of Rs 10/- at a price of Rs 43/- per share aggregating to Rs 18.50 Cr
- Listing at BSE SME
- Lead Manager Finshore Managment Services Limited
- Registrar Cameo Corporate Services Limited
IPO Details
- Retail Portion N/A
IPO Details
Northern Spirits Limited IPO is an SME IPO, priced at Rs 43/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Mar 22, 2019 to Mar 27, 2019. The allotment is expected to be finalized on Apr 2, 2019, and the tentative listing date is Apr 4, 2019.
The registrar of the IPO is Cameo Corporate Services Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 20,43,000 | 20,43,000 | 40,86,000 |
Day 1 - 22-03-19 | 10,80,000 0.53 x | 78,000 0.04 x | 11,58,000 0.28 x |
Day 2 - 25-02-19 | 20,64,000 1.01 x | 2,82,000 0.14 x | 23,46,000 0.57 x |
Day 3 - 26-03-19 | 27,27,000 1.33 x | 7,83,000 0.38 x | 35,10,000 0.86 x |
Day 4 - 27-03-19 | 37,29,000 1.83 x | 15,96,000 0.78 x | 53,25,000 1.30 x |
Valuations
IPO - Issue Objectives
To Meet The Working Capital Requirements Of the company. ( Rs 15.65 Cr )
To Meet the Issue Expanses. ( Rs 1.35 Cr )
General Corporate Purpose. ( Rs 1.50 Cr )
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Roopshri Resorts Limited | 2.71 | 1.94 | 9.33 | 1.83% |
| The Byke Hospitality Limited | 0.76 | 6.46 | 11.77% | 177.41 |
| Aruna Hotel Limited | 2.72 | 0.00 | 3.09% | 0.00 |
| Woodsvilla Limited | 1.08 | 20.96 | 1.83% | 0.94 |
IPO - FAQs
Ans. Northern Spirits Limited IPO is a SME IPO. The issue is priced at Rs 43/- Per Equity Share . The minimum order quantity is 3000 Shares. The IPO opens on Mar 22, 2019, and closes on Mar 27, 2019. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Northern Spirits Limited IPO opens on Mar 22, 2019 and closes on Mar 27, 2019.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Northern Spirits Limited IPO is Fresh issue of 43,02,000 Equity Shares of Rs 10/- at a price of Rs 43/- per share aggregating to Rs 18.50 Cr.
Ans. The Northern Spirits Limited IPO price band is set between Rs 43/- Per Equity Share .
Ans. To apply for Northern Spirits Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Northern Spirits Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Northern Spirits Limited IPO is Apr 2, 2019.
Ans. The Northern Spirits Limited IPO will be listed on Apr 4, 2019.
Ans. Follow the steps to check the Northern Spirits Limited IPO allotment status online.
