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Thursday, January 10, 2008

Globus Spirits gets SEBI nod for IPO

Delhi-based alcohol beverage company Globus Spirits has received SEBI's nod for entering the capital market with its initial public offering aggregating to Rs 68 crore through the book building route.

Globus Spirits 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.

The book running lead manager to the proposed issue is SREI Capital Markets Ltd. The company has already been assigned `CARE IPO Grade 3' by Credit Analysis and Research Ltd, a premier rating agency, reports The Hindu Business Line.

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