GLOBAL SPIRITS IPO :Globus Spirits to raise Rs 68 cr
GLOBAL SPIRITS IPO
New Delhi-based Globus Spirits is planning to tap the capital markets with an initial public offering (IPO) of Rs 680 million, reports Business Standard.
The company has filed for a draft red herring prospectus (DRHP) with Securities & Exchange Board of India (Sebi). SREI Capital Markets will be the Book Running Lead Manager for the proposed issue.
Globus Spirits, an alcohol beverage company, had clocked net profit of Rs 86.6 million on turnover of Rs 1,166.7 million. It has shown a CAGR of over 30% for the last year
The company will utilize the IPO proceeds 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
