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As on :May 29,2015 10 : 19 AM
IPO Synopsis
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Northern Spirits Ltd
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
Issue
Opens On Closes On
22-Mar-19 27-Mar-19
Money Payable On
Application Allotment
43.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 18.50 Finshore Management Services Ltd
Project Financed through Current Offer (Rs.Cr) 18.50  
Post Issue Equity Share Capital (Rs.Cr) 16.05
Issue Price (Rs) 43.00
Projects
Working Capital Requirement
General Corporate Purposes
Promoted By
Kulbir Bakshi
Anuj Bakshi
Ankush Bakshi
Listing At
BSE - SME
Registrar to the Issue
Cameo Corporate Services Ltd