Northern Spirits Ltd IPO

Closed

Subscription Details

  • Open Date 22 Mar
  • Close Date 27 Mar
  • Lot Size 3000
  • IPO Size ₹ 18.5 Cr
  • IPO Price Range ₹ 43
  • Min Investment ₹ 129000

Northern Spirits Ltd IPO Timeline

Open Date
22 Mar
Close Date
27 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 43,02,000 equity shares of face value of Rs.10 each (equity shares) of Northern Spirits Limited (the company or the issuer) for cash at a price of Rs.43 per equity share, including a share premium of Rs.33 per equity share (the issue price), aggregating to Rs.18.50 Crores (the issue), of which 2,16,000 equity shares of face value of Rs.10 each for cash at a price of Rs.43 per equity share, aggregating to Rs.0.93 Crores will be reserved for subscriptions by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 40,86,000 equity shares of face value of Rs.10 each for cash at a price of Rs.43 per equity share, aggregating to Rs.17.57 Crores is here in after referred to as the net issue. The issue and the net issue will constitute 26.80% and 25.46% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs.10 each and the issue price is Rs.43 i.e. 4.30 times of the face value of the equity Shares. The minimum lot size is 3,000 equity shares

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Northern Spirits Ltd IPO

Contact Information

Address

5-A Woodbum Park Road 6th Flr,
Woodburn Central Unit 603,
Kolkata, West Bengal 700020

Northern Spirits Ltd IPO Lead Manager

Finshore Management Services Ltd
Open Demat Account