Globus Spirits IPO
Globus Spirits IPO — date, price band, lot size & details 2009
Globus Spirits listed on 23 Sep 2009 at ₹101, 1% above the ₹100 issue price.
Globus Spirits is a Delhi based maker of industrial alcohol, country liquor and IMFL, with country liquor brands such as Rana and Ghoomar. Its total income was Rs 201.95 crore in FY2009.
Stock price
Globus Spirits is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 31 Aug 2009
- Close 02 Sep 2009
- Allotment 14 Sep 2009
- Refund/credit TBA
- Listing 23 Sep 2009
Issue summary
The terms of the offer, as filed.
| IPO Dates | 31 Aug to 2 Sep, 2009 |
|---|---|
| Price Band | ₹90 – ₹100 |
| Face Value | ₹10 |
| Lot Size | 70 Shares |
| Issue Size | ₹75 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 7,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 70 shares at the ₹100 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 70 | ₹7,000 |
| Retail (max) | 28 | 1,960 | ₹1,96,000 |
| S-HNI (min) | 29 | 2,030 | ₹2,03,000 |
| S-HNI (max) | 142 | 9,940 | ₹9,94,000 |
| B-HNI (min) | 143 | 10,010 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 113.72 crore in FY2007 to Rs 201.95 crore in FY2009.
- 02Profit after tax rose from Rs 8.66 crore in FY2007 to Rs 12.93 crore in FY2009, and was Rs 6.78 crore in the June 2009 quarter.
- 03Net worth rose from Rs 25.49 crore in FY2007 to Rs 66.55 crore in June 2009.
- 04Return on net worth was 21.64%.
Risks · 5
- 01Profit was flat at Rs 12.64 crore in FY2008 and Rs 12.93 crore in FY2009.
- 02Liquor is tightly controlled and taxed by state governments; total borrowing was Rs 17.31 crore in FY2009.
- 03Molasses and grain prices drive alcohol costs; Rs 6.76 crore was for a distillation plant at Behror.
- 04Country liquor is sold under state licences and quotas; total assets were Rs 129.77 crore in June 2009.
- 05Promoter holding fell from 96.41% before the issue to 59.81% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Globus Spirits offer document.
| Metric | 30 Jun 2009 | 31 Mar 2009 | 31 Mar 2008 | 31 Mar 2007 |
|---|---|---|---|---|
| Assets | 129.77 | 121.62 | 93.00 | 52.04 |
| Total Income | 64.84 | 201.95 | 161.57 | 113.72 |
| Profit After Tax | 6.78 | 12.93 | 12.64 | 8.66 |
| NET Worth | 66.55 | 59.77 | 46.84 | 25.49 |
| Reserves and Surplus | 54.29 | 47.52 | 34.58 | 17.81 |
| Total Borrowing | 14.87 | 17.31 | 14.70 | 8.55 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Globus Spirits RHP.
Where the money goes
₹89.28 Cr of the issue is earmarked to named objects.
About the company
It makes, markets and sells industrial alcohol, including rectified spirit and extra neutral alcohol, country liquor and Indian made foreign liquor.
Its own country liquor brands included Rana, Rajasthan No.1, Ghoomar and Samalkha No.1, and its IMFL brands included White Lace Duet Gin and Samurai Premium Whisky.
The IPO was Rs 75 crore and was entirely a fresh issue at Rs 100, the top of the Rs 90 to Rs 100 band. The money was mainly for multi pressure distillation plants to make extra neutral alcohol from molasses and grain.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Globus Spirits IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Globus Spirits?
The current Grey Market Premium is ₹0.
What is the Globus Spirits IPO price band?
₹90 to ₹100, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 September 2009, with listing on 23 September 2009.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
