Sula Vineyards’ IPO began on December 12, 2022. It will close on December 14, 2022. The IPO’s total size is 960.35 crores. The company has priced its IPO at Rs 340–357 per share. Basically, there are three basic categories in the Sula Vineyards IPO subscription. Sula Vineyards was established in 2003.
Qualified Institutional Buyers
Non-Institutional Investors
Retail Individual Investors (RIIs)
Sula Vineyards is India’s largest producer and seller of wine. They have been consistent market leaders in the Indian wine industry in terms of sales volume and value. This business can be broadly classified into two categories:
(i) the production of wine, the importation of wine and spirits, and the distribution of wine and spirits (“Wine Business”);
(ii) the sale of services from the ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms.
They distribute wines under the flagship brand “Sula.” Other popular brands include “RASA,” “Dindori,” “The Source,” “Satori,” “Madera,” and “Dia.” Its flagship brand, “Sula,” is Indian and a “category producer” of wine.
They produce 56 different brands of wine at four owned and two leased production facilities located in Maharashtra and Karnataka, India.
Industry Peers
1) Radico Khaitan Limited
2) United Spirits Limited
3) United Breweries Limited
Sula Vineyards IPO Promotors
1) Rajeev Samant
Sula Vineyards IPO Date, Details & Price Band
| IPO Opening Dates | 12-Dec-2022 |
| IPO Closing Dates | 14-Dec-2022 |
| Price Band | 340-357 Rs |
| Offer For Sale | 960.35 Crore ( 25,546,186 shares ) |
| Fresh issue | NIL |
| Total IPO size | 960.35 Crore ( 25,546,186 shares ) |
| Minimum bid (lot size) | 42 Shares |
| Face Value | 2 INR Per Share |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Sula Vineyards IPO Market Lot
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 42 | 14,994 Rs |
| Retail Maximum | 13 | 546 | 1,94,922 Rs |
| S-HNI Minimum | 14 | 588 | 2,09,916 Rs |
| Retail Maximum | 68 | 3,740 | 10,19,592 Rs |
Restated Financial Record of the three years (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | Earnings per equity share (Basic) | Net asset value per Equity Share (₹) | |
| 31-Mar-22 | 758.56 | 456.7 | 52.14 | 11.45 | 55.34 |
| 31-Mar-21 | 751.6 | 421.53 | 3.01 | 0.85 | 15.44 |
| 31-Mar-20 | 831.04 | 523.21 | -15.94 | (4.60) | 9.68 |
Sula Vineyards IPO GMP & Grey Market Premium
Sula Vineyards IPO GMP The grey market premium begins today. See the latest Sula Vineyards IPO GMP, Kostak Rates rates, and bargain pricing here.
Sula Vineyards IPO Prospectus
Sula Vineyards IPO Reviews
Angel Broking – Update Soon
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Prabhudas Lilladher – Update Soon
Sula Vineyards IPO Allotment Date & Details
| Allotment Date | 19-December-2022 |
| Initiation of refunds | 20-December-2022 |
| Transfer of shares to Demat accounts | 21-December-2022 |
| Listing Date | 22-December-2022 |
| Check Allotment Status | Click here |
Sula Vineyards IPO Schedule
- Bid/Offer Opens On: Dec 12, 2022
- Bid/Offer Closes On: Dec 14, 2022
- Finalization of Basis of Allotment: Dec 19, 2022
- Initiation of refunds: Dec 20, 2022
- Credit of Equity Shares: Dec 21, 2022
- Listing Date: Dec 22, 2022
Sula Vineyards IPO Registrar
KFin Technologies Limited
(Formerly known as KFin Technologies Private Limited)
Selenium, Tower B,
Plot No 31 and 32, Financial District,
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032,
Telangana, India
Tel: +91 40 6716 2222
E-mail: sula.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI registration No.: INR000000221
Sula Vineyards Contact Details
Sula Vineyards Limited
901, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East), Mumbai 400 069 Maharashtra
Phone: +91 22 6128 0606
Email: cs@sulawines.com
Website: https://www.sulavineyards.com/
Sula Vineyards IPO Lead Managers
Kotak Mahindra Capital Company Limited
CLSA India Private Limited
IIFL Securities Limited
FAQ
When is the Sula Vineyards IPO Listing Date?
The date for the Sula Vineyards IPO listing is 22-Dec-2022.
When is Sula Vineyards IPO allotment?
Sula Vineyards IPO allotment date is 19-Dec-2022.
How to apply for Sula Vineyards IPO through Zerodha?
1) Log in to the console on the Zerodha website.
2) Navigate to Portfolio and select the IPOs link.
3) Click on the “Bid” button in the row ‘Sula Vineyards IPO.”
4) Fill in your UPI ID, quantity, and price.
5) After that, fill out the IPO application form and click on the “Submit” button.
6) Go to the UPI app (net banking or BHIM) to approve the mandate.
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