Globus Spirits IPO : Globus Spirits Plans Rs 68 Crore IPO

New Delhi based alcohol beverage company, Globus Spirits Limited has filed its DRHP with SEBI to enter the capital markets with an IPO of Rs 68 crore through the book building route.

Globus Spirits is premium alocohol manufacturer in North India has its own IMFL brands in Haryana,Chandigarh and is planning to launch more brands in three other states. Globus Spirits is also planning to expand to the southern part of India and recently the company has launched its products in Kerala.

The company plans to utilize the proceeds raised through the IPO  for modernization and expansion of its production facilities at Behror, Rajasthan and Samalkha, Haryana. Further, it intends to develop and acquire IMFL brands, and revamp its storage and bottling capacity to 36,000 litres.

CARE has graded this IPO and has assigned  ‘IPO Grade 3’ to the Globus Spirits IPO.

Globus spirits which posted a gross turnover of Rs 117 crore in the 06-07  and net profit stood at Rs 86.6 million with registered net profit after tax at Rs 8.66 crore. Globus Spirits has shown good growth in the last 3 years and the company has grown by 30% CAGR.

Book Running Lead Manager BRLM to the Globus Spirits IPO is SREI Capital Markets and the IPO of Globus Spirits would be listed at the BSE and NSE stock Echanges.

For more information regarding the Globus Spirits IPO and the issue date of Globus Spirits IPO do check this blog regularly.