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Northern Spirits Limited IPO
BSE SMERs 1,29,000 / 3000 Shares
Northern Spirits Limited IPO Details
The Northern Spirits Limited IPO price band is set between Rs 43/- Per Equity Share, with a face value of Rs 10/- per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 22 Mar, 2019 and closes on 27 Mar, 2019. Investors can check the allotment status on 2 Apr, 2019, while the listing date is tentatively scheduled for 4 Apr, 2019.
The total issue size 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, aggregating up to . Stay tuned for the latest Northern Spirits Limited IPO review and GMP updates.
Northern Spirits Limited IPO Review, Rating & Analysis
Northern Spirits Limited IPO Review
NO REVIEWNorthern Spirits Limited IPO Rating
Northern Spirits Limited IPO Highlights
IPO Date
Mar 22, 2019 - Mar 27, 2019
Listing Date
4 Apr, 2019
Face Value
Rs 10/- Per Equity Share
Price Band
Rs 43/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Northern Spirits Limited IPO Lot Size
The minimum market lot for Northern Spirits Limited IPO is 3000 shares with an application amount of ₹1,29,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,29,000 |
| Retail (Max) | 1 | 3000 | ₹1,29,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,58,000 |
| S-HNI (Max) | 7 | 21000 | ₹9,03,000 |
| B-HNI (Min) | 8 | 24000 | ₹10,32,000 |
Northern Spirits Limited IPO Timeline
Issue Price
Rs 43/- Per Equity ShareFace Value
Rs 10/- Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead 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 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Kulbir Bakshi
- Mr. Anuj Bakshi
- Mr. Ankush Bakshi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Northern Spirits Limited 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 |
Frequently Asked Questions about Northern Spirits Limited IPO IPO
When will Northern Spirits Limited IPO open for subscription?
The Northern Spirits Limited IPO opens on 22 Mar, 2019 and closes on 27 Mar, 2019.
What is the investors portion for Northern Spirits Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2043000.
How to apply for Northern Spirits Limited IPO?
You can apply for Northern Spirits Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Northern Spirits Limited IPO?
The issue size of Northern Spirits Limited IPO is approx ₹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 crores.
What is the price band of Northern Spirits Limited IPO?
The price band for Northern Spirits Limited IPO is Rs 43/ to ₹ Per Equity Share.
What is the lot size of Northern Spirits Limited IPO?
The minimum bid (lot size) for Northern Spirits Limited IPO is 3000 shares with an investment of approx Rs 1,29,000 .
What is the allotment date of Northern Spirits Limited IPO?
The allotment date for Northern Spirits Limited IPO is 2 Apr, 2019.
What is the listing date of Northern Spirits Limited IPO?
The listing date for Northern Spirits Limited IPO is expected to be 4 Apr, 2019.
What is the GMP of Northern Spirits Limited IPO?
The latest Grey Market Premium (GMP) for Northern Spirits Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.