Sula Vineyards IPO Details: The IPO of Sula Vineyards is scheduled to hit the market on December 12 and close on December 14. Sula Vineyards plans to raise around 960 crores through an IPO with a sale of up to 26,900,530 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022. The company is also recognized as the market leader across all wine variants, including red, white, and sparkling wines. The largest selling wine by value in fiscal 2021. A leader in the Indian wine industry, Sula introduced grape varieties like Chenin Blanc, Sauvignon Blanc, Riesling and Zinfandel to India.
The business of Sula Vineyards can be divided into two categories:
- The production of wine, the importation of wine and spirits, and the distribution of wine and spirits.
- The sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the “Wine Tourism Business”).
A total of 56 different labels of wine are produced at four owned production facilities and two leased production facilities in Maharashtra and Karnataka in India.
Check out SEBI Link.
Sula Vineyards IPO Details
Sula Vineyards IPO opens on Dec 12, 2022, and closes on Dec 14, 2022. The Listing date for Sula Vineyards IPO is on [__]. The price band for IPO is ₹340 to ₹357 per share and lot size of 42 shares.
|IPO Date||Dec 12, 2022 to Dec 14, 2022|
|Price||₹340 to ₹357 per share|
|Lot Size||42 Shares|
|Issue Size||960.35 Cr|
|Face Value||₹2 per share|
|Offer for Sale||960.35 Cr|
Sula Vineyards IPO Tentative Timetable
Sula Vineyards IPO date is 12 December, 2022 and close date is 14 December, 2022. The IPO allotment date is 19 December, 2022. The refund initiation of IPO is on 20 December, 2022. The credit of shares in demat account is on 21 December, 2022. The listing date of Sula Vineyards is on 22 December, 2022.
|IPO Opening||Dec 12, 2022|
|IPO Closing||Dec 15, 2022|
|IPO Allotment Date||Dec 20, 2022|
|Refund Initiation||Dec 21, 2022|
|Shares Credit to Demat||Dec 22, 2022|
|Lisiting Date||Dec 23, 2022|
Sula Vineyards IPO Lot Size
Lot Size of this IPO is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹194,922).
Sula Vineyards IPO Promoter Holding
|Pre Issue Share Holding||97.42%|
|Post Issue Share Holding||72.09%|
Sula Vineyards IPO Review
Sula is the market leader in the Indian wine industry and has high barriers to entry. The company is the largest wine producer in India and offers a wide range of innovative products, thanks to its efficient production process.
The company has secured its supply of raw materials through long-term contracts that are exclusive to Sula. Sula is not only a leader in the Indian wine industry, but it is also a pioneer in wine tourism. The company was an early adopter of sustainability and has continued to focus on this area.
The Board and senior management team at Sula are experienced and qualified, further solidifying the company’s position as a leader in the industry.
Sula also has the distribution network and sales presence in the country, with a distribution platform that includes over 50 distributors, 11 corporations, 14 licensed resellers, 7 company depots, and 3 defence units as of September 30, 2022. The company also has over 23,000 points of sale, including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers, as of March 31, 2022.
As of September 30, 2022, the company had a sales force of 141 permanent employees.
Sula Vineyards IPO – Company Financials
Profit & Loss
|Particulars||MAR 2018||MAR 2019||MAR 2020||MAR 2021||MAR 2022|
|Profit Before Tax||28.67||38.37||-12.05||-0.28||66.26|
|Provision for Tax||10.14||18.75||-3.89||0.35||17.40|
|Adjusted EPS (Rs.)||1.26||1.31||-0.54||-0.04||0.62|
Sula Vineyards IPO Subscription Status (Bidding Details)
|Qualified Institutions (QII)||0|
|bNII (bids above ₹10L)||0.27|
|sNII (bids below ₹10L)||0.41|
Sula Vineyards IPO Broker Recommendations
- Capital Market: N/A
- Religare Broking: N/A
- Hem Securities: N/A
- Arihant Capital: N/A
Sula Vineyards IPO FAQs
What is Sula Vineyards IPO?
Sula Vineyards is issuing 26,900,530 equity shares with a face value of ₹2 each, totaling up to ₹960.35 Crores. The shares are being offered at a price of ₹340 to ₹357 each, with a minimum order quantity of 42 shares.
KFin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sula Vineyards IPO will open?
Sula Vineyards IPO will open on December 12, 2022 for QIB, NII, and Retail Investors.
When Sula Vineyards IPO will end?
Sula Vineyards IPO will end on December 14, 2022.
What is Sula Vineyards IPO Size?
Sula Vineyards IPO size is ₹960 crores.
What is Sula Vineyards IPO Price Band?
Sula Vineyards IPO price band is ₹340 to ₹357.
What is the Sula Vineyards IPO Allotment Date?
Sula Vineyards IPO allotment date is December 19, 2022.
What is the Sula Vineyards IPO Listing Date?
Sula Vineyards IPO listing date is December 22, 2022. The IPO is to be listed on BSE and NSE.
How to Apply Sula Vineyards IPO through Zerodha?
To apply for the IPO “Sula Vineyards” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Bid” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Zerodha.
How to Apply Sula Vineyards IPO through Upstox?
To apply for the IPO “Sula Vineyards” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Upstox.
How to check Sula Vineyards IPO Allotment Status?
To check the allotment status you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sula Vineyards IPO GMP?
You can check out here: Sula Vineyards IPO GMP