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Friday, October 19, 2007

Globus Spirits plans Rs 68cr IPO

Globus Spirits, a Delhi-based alcohol beverage company, is planning an initial public offering (IPO) to raise Rs 68 crore.

The company has filed a daft red herring prospectus (DRHP) with Securities & Exchange Board of India (Sebi). The Book Running Lead Manager of the proposed issue is SREI Capital Markets.

The company posted a gross turnover of Rs 116.67 crore in 2006-07 with a CAGR of over 30% in the last three years, and registered a PAT of Rs 8.66 crore.

The company proposes to modernise and expand its production facilities at Behror, Rajasthan and Samalkha, Haryana, develop and acquire IMFL brands, and revamp its storage and bottling capacity.

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