
Consumer Discretionary (Alcohol Beverage Distribution & Trading) · BSE
Northern Spirits Limited, established in 2012 and based in New Delhi, is an importer and distributor of premium alcoholic beverages with a strong presence in North India, including Delhi, the North East, and West Bengal, and has achieved steady business growth of around 40% annually over four years; the company distributes a wide range of products such as whisky, vodka, gin, red and white wines, beer, and tequila, representing well-known international brands like William Grants, Bacardi Global, Shepherd Neame Beer, Carlo Rossi California Wines, and Cooper’s Australian Beer, while also handling exclusive blends through agency and franchise arrangements and partnering with South State Beverage, Australia, for the manufacturing and supply of DNA-branded alcoholic beverages, as it continues to focus on expansion and new opportunities in the growing foreign liquor market.
Price Band
₹43
Issue Size
₹18.50 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹43
at current GMP
Subscribed
—
Open
22 Mar 2019
Close
27 Mar 2019
Allotment
2 Apr 2019
Refund
3 Apr 2019
Demat Credit
4 Apr 2019
Listing
4 Apr 2019
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹43
Band: ₹43
Estimated Listing Price
₹43
Upper price + GMP
Lot Size
3000 shares
Min investment ₹1,29,000
Estimated Profit / Lot
₹0
3000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated over 1 year ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 20 May 2026 | — | 0.0% | ₹43 |
GMP is unofficial market data. Not a guarantee of listing performance.
Northern Spirits Limited is bringing an initial public offering (IPO) in the Consumer Discretionary (Alcohol Beverage Distribution & Trading) sector with an aggregate issue size of ₹18.5 Crores. The shares are offered at a price band of ₹43 to ₹43 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,29,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-04-04, while un-allotted funds or UPI block mandates will be released on 2019-04-03.
The latest grey market premium for Northern Spirits Limited IPO is ₹0, which indicates an expected listing price of ₹43.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.