Northern Spirits Limited IPO
BSE SMEOffer Date: Mar 22, 2019 - Mar 27, 2019
₹ 129000 /3000 Shares
IPO Details
22 Mar, 2019
Open Date27 Mar, 2019
Close Date02 Apr, 2019
Allotment Date04 Apr, 2019
Listing DateIssue Price
Rs 43/- Per Equity ShareFace Value
Rs 10/- Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedMarket Lot
3000 Shares (Rs 1,29,000/-)Lead Manager
Finshore Managment Services LimitedIssue Size
Fresh issue of 43,02,000 Equity Shares of Rs 10/- at a price of Rs 43/- per share aggregating to Rs 18.50 CrRetail Portion
N/ASubscription
53,25,000 1.30 timesIPO Docs
No related IPO documents available.
IPO Subscription 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
Earnings Per Share (EPS)
Rs 0.63/-P/E Ratio
68.58RoNW
16.30%Net Asset Value (Post Issue)
Rs 31.70/-Company Financials All values are in ₹ Cr.
- Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| 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 |
- Promoter(s)
Company Promoter(s)
- Mr. Kulbir Bakshi
- Mr. Anuj Bakshi
- Mr. Ankush Bakshi
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 - 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. 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 IPO price band is set between Rs 43/- Per Equity Share .
Ans. To apply for Northern Spirits Limited IPO 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 allotment status for Northern Spirits Limited IPO here.
