(This is only an advertisement for information purposes and not a prospectus announcement)
NORTHERN SPIRITS LIMITED
 

Our Company was originally incorporated at Kolkata as Northern Spirits Private Limited on September 13, 2012 under the provisions of the Companies Act,1956, with the Registrar of Companies West Bengal, Kolkata. Subsequently our Company was converted into a Public Limited Company and the name of the Company was changed to Northern Spirits Limited vide Certificate of incorporation consequent upon Conversion from Private to Public Limited Company dated May 03, 2018. The Corporate Identification Number of our company is U15500WB2012PLC185821. For further details of our Company, please refer the chapter titled "General Information" and "Our History and Certain Corporate Matters" on page no 30 and 92 of this Prospectus.

Registered Office: 5A, Woodbum Park Road, Woodbum Central Unit 603, 6th Floor, Kolkata - 700020 West Bengal, India; Tel No: 033-22902043;
Email: info@northernspirits.inWebsite: www.northemspirits.inContact Person: Ms Nikita Sureka, Company Secretary & Compliance Officer,
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 43,02,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH (THE "EQUITY SHARES") OF NORTHERN SPIRITS LIMITED ("OUR COMPANY" OR "THE COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 43/- PER EQUITY SHARE AT PAR (THE "ISSUE PRICE") AGGREGATING TO RS. 1,849.86 LAKHS (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 AT PAR AGGREGATING TO RS. 92.88 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 40,86,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH AT A PRICE OF RS. 43/- PER EQUITY SHARE AGGREGATING TO RS. 1756.98/- LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE" THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.80% AND 25.46% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPT1ALOF OUR COMPANY.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SEBI (ICDR) REGULATIONS, 2018 AS AMENDED FROM TIME TO TIME, THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018, AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 43/- EACH. THE ISSUE PRICE IS 4.3 TIME OF THE FACE VALUE.

ISSUE PROGRAMME: ISSUE OPENS ON: MARCH 22, 2019 and CLOSES ON: MARCH 27, 2019,   PROPOSED LISTING: PROPOSED DATE OF USTING: APRIL 04, 2019

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE ("BSE"). Our Company has received in-principal approval letter dated January 31, 2019 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced on or about April 04, 2019.

Subject to receipt of listing and trading approvals from the BSE SME Platform.

SUBSCRIPTION DETAILS

The Issue Received 51,87,000 shares for 610 applications and was subscribed to the extent of 1.21 times before technical rejection. After considering Technical Rejections cases, the Issue was subscribed 1.19 limes. No applications were banked without bidding.

Detail of the Applications Received (Before Technical & Multiple Rejection):

Sr. No. Category Gross Less: Rejections Valid
No. of Applications Equity Shares No. of Applications Equity Shares No. of Applications Equity Shares
1 Reserved for Market Maker 1 2,16,000 - - 1 2,16,000
2 Non Retail Investors 83 33,93,000 1 15,000 82 33,78,000
3 Retail individual Investors 526 15,78,000 16 48,000 510 15,30,000
  Total 610 51,87,000 17 63,000 593 51,24,000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE SME Platform on 01April, 2019

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.43/- per Equity Share, was finalised in consultation with BSE SME Platform The category was subscribed by 1 time. The total number of shares allotted in this category is 2,16,000 Equity shares
Sr.No No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 2,16,000 1 100 2,16,000 100 2,16,000 2,16,000 2,16,000 Firm 1 100 2,16,000 100 000
GRAND TOTAL 1 100 2,16,000 100 2,16,000 2,16,000 2,16,000 Firm 1 100 2,16,000 100 0.00
    
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.43/- per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 0.75 times i.e. for 15,30,000 Equity Shares. Total number of shares allotted in this category is 15,30,000 Equity Shares to 510 successful applicants.
Sr.No No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 3000 510 100 15,30,000 100 20,43,000 4005.88 3000 Firm 510 100 15,30,000 100 (5,13,000)
GRAND TOTAL 510 100 15,30,000 100 20,43,000     Firm 510 100 15,30,000 100 (5,13,000)
   
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs.43/- per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 1.32 times i e. for 33,78,000 shares. Total number of shares a allotted in this category is 25,56,000 Equity Shares to 82 successful applicants.

The category wise details of the Basis of Allotment are as under:

Sr.No No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category % to total Proportionate shares available Allocation per Applicant (Before Rounding Off) Allocation p«r Applicant (After Rounding Off) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 6000 11 13.41 66000 1.95 49939.61 4539.96 3000 1 1 11 13.41 33000 1.29 -16939.61
                3000 6 11 6   18000 0.70 18000.00
2 9000 4 4.88 36000 1.07 27239.79 6809.95 6000 1 1 4 4.88 24000 0.94 -3239.79
                3000 1 4 1   3000 0.12 3000.00
3 12000 8 9.76 96000 2.84 72639.43 9079.93 9000 1 1 8 9 76 72000 2.82 -639.43
4 15000 27 32.93 405000 11.99 306447.60 11349 91 9000 1 1 27 32 93 243000 9.51 -63447.60
                3000 21 27 21   63000 2.46 63000.00
5 18000 6 7.32 108000 3.20 81719.36 13619.89 12000 1 1 6 7.32 72000 2.82 -9719.36
                3000 3 6 3   9000 0.35 9000.00
6 21000 10 12.20 210000 6.22 158898.76 15889.88 15000 1 1 10 12.20 150000 5.87 -8898.76
                3000 3 10 3   9000 0.35 9000.00
7 24000 1 1.22 24000 0.71 18159.86 18159.86 18000 1 1 1 1.22 18000 0.70 -159.86
8 30000 1 1.22 30000 0.89 22699.82 22699.82 24000 1 1 1 1.22 24000 0.94 1300.18
9 33000 2 2.44 66000 1.95 49939.61 24969.80 24000 1 1 2 2.44 48000 1.88 -1939.61
                3000 1 2 1   3000 0.12 3000.00
10 45000 1 1.22 45000 1.33 34049.73 34049.73 33000 1 1 1 1.22 33000 1.29 -1049.73
11 81000 1 1.22 81000 2.40 61289.52 61289.52 60000 1 1 1 1.22 60000 2.35 -1289.52
12 114000 2 2.44 228000 6.75 172518.65 86259.33 84000 1   2 2.44 168000 6.57 -4518.65
                3000 1 2 1   3000 0.12 3000.00
13 117000 1 1.22 117000 3.46 88529.31 88529.31 87000 1 1 1 1.22 87000 3.40 -1529.31
14 141000 1 1.22 141000 4.17 106689.17 106689.17 108000 1 1 1 1.22 108000 4.23 1310.83
15 144000 1 1.22 144000 4.26 108959.15 108959.15 108000 1 1 1 1.22 108000 4.23 -959.15
16 231000 2 2.44 462000 13.68 349577.26 174788.63 174000 1 1 2 2.44 348000 13.62 -1577.26
                3000 1 2 1   3000 0.12 3000.00
17 234000 1 1.22 234000 6.93 177058.61 177058.61 177000 1 1 1 1.22 177000 6.92 -58.61
18 300000 1 1.22 300000 8.88 226998.22 226998.22 228000 1 1 1 1.22 228000 8.92 1001.78
19 585000 1 1.22 585000 17.32 442646.54 442646.54 444000 1 1 1 1.22 444000 17.37 1353.46
GRAND TOTAL 82 100.00 3378000 100.00 2556000.00         82 100.00 2556000 100.00 0.00

The Board of Directors of the company at its meeting held on April 01, 2019 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. BSE SME Platform and at a meeting held on April 01, 2019 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated March 04, 2019 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before April 03, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to April 02, 2019. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME Platform within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 04, 2019 ("Prospectus")

INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Cameo Corporate Services Limited at www.cameoindia.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

CAMEO CORPORATE SERVICES LIMITED
"Subramanian Building", #1, Club House Road, Chennai - 600 002, India
Telephone: +91-44-0020700, 28460390; Facsimile: +91-44-28460129
Email ID: investor@cameomdia.comContact Person: Mr. R.O. Ramasamy, Director
Website: www.cameoindia.comSEBI Registration Number: INR000003753
  For NORTHERN SPIRITS LIMITED
  On behalf of the Board of Directors
Place: Kolkata Sd/-
Date: April 03, 2019 Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTIMG OR THE BUSINESS PROSPECTS OF NORTHERN SPIRITS LIMITED.