Globus Spirits gets nod for IPO worth Rs 68 cr

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New Delhi, Jan 7 (UNI) Globus Spirits Ltd, a city-based alcohol beverage firm, today said it has received SEBI's nod for entering the capital market with a IPO of about Rs 68 crore through the book building route.

The Book Running Lead Manager to the proposed issue is SREI Capital Markets Ltd and the proposed IPO has been assigned 'CARE IPO Grade 3' by Credit Analysis&Research Ltd (CARE).

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.

UNI PBB SBA KN1653

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