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Northern Spirits IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Kolkata and caters to Retail sector. Finshore Management Services is the merchant banker of Northern Spirits IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th January 2019.
Northern Spirits IPO open date is 22nd March 2019 and close date is 27th March 2019. IPO Allotment Date is 30th November -0001 and Listing date is 4th April 2019.
IPO
Size:
₹ 18.50 Cr.
Avg IPO Size (Sector Based)
: ₹
14.55 cr.
Sector: Retail
SME
IPO so far:
18
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Kolkata
SME
IPO so far:
69
Revenue (annualised):
₹
97.32
cr. 
PE
Ratio:
12.54x
Average Sector PE Ratio: 18.72x
Northern Spirits IPO size is ₹ 18.50 Cr. with IPO price of ₹ 43.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Northern Spirits IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Airan Finstocks Private Limited for Northern Spirits IPO.
Northern Spirits IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Northern Spirits IPO, based in Kolkata, operates in the Retail sector with a focus on . The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Northern Spirits IPO size is ₹ 18.50 Cr. with fresh issue size of ₹ 18.50 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Northern Spirits IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Northern Spirits IPO allotment status on the registrars website, Cameo Corporate Services Limited. Northern Spirits IPO refund dates are 30th November -0001.
Northern Spirits IPO is expected to be listed on 4th April 2019.
The upper price band for the Northern Spirits IPO is set at ₹ 43.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Northern Spirits IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Northern Spirits IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 27th March 2019. After submission, funds are blocked until the basis of allotment of Northern Spirits IPO is finalised.
The merchant banker for Northern Spirits IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Northern Spirits IPO RHP for further details.
The registrar for Northern Spirits IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Northern Spirits IPO through their official website or helpline.
Northern Spirits IPO was subscribed 1.30 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 18.50 Cr.
Avg IPO Size (Sector Based)
:
₹ 14.55 Cr.
Sector: Retail
SME
IPO so far:
18
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Kolkata
SME
IPO so far:
69
Revenue (annualised):
₹ 96.90 cr.
PE
Ratio:
12.54x
Average Sector PE Ratio: 18.72x
Northern Spirits IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Northern Spirits Financial Review Page
Merchant Banker(s) of Northern Spirits IPO: Finshore Management Services Limited
Northern Spirits IPO subscription was 1.30 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Northern Spirits IPO listed at a listing price of 43.10 against the offer price of 43.00.
The current market price of Northern Spirits is 160.75.
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