
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 2,151,163 | — | 0.00x |
| Non-Institutional (NII / HNI) | 645,349 | — | 0.00x |
| Retail Individual (RII) | 1,505,814 | — | 0.00x |
| Total | 4,302,326 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 502 | 502 | 1.00x |
| HNIs (10L +) | 3 | 3 | 1.00x |
| HNIs (2-10L) | 15 | 15 | 1.00x |
| Total Applications | 520 | 520 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Northern Spirits Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹43 to ₹43 per equity share.
The retail lot size is 3000 shares requiring a minimum application amount of ₹1,29,000. Expected listing price is ₹43 per equity share.
The Northern Spirits Limited IPO aggregate issue size is ₹18.5 Crores with an equity price band set at ₹43 to ₹43 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,29,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2019-04-02. Investors can verify status using PAN card or application number.
Northern Spirits Limited shares are scheduled to list on BSE on 2019-04-04.