Sula Vineyards IPO Review

 
Sula Vineyards IPO Review

IPO Open Date:

IPO Close Date:

IPO Price:

Lot Size:

Listing:

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 DateDec 12, 2022 to Dec 14, 2022
Listing DateN/A
Price₹340 to ₹357 per share
Lot Size42 Shares
Issue Size960.35 Cr
Face Value₹2 per share
Offer for Sale960.35 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.

EventDate
IPO OpeningDec 12, 2022
IPO ClosingDec 15, 2022
IPO Allotment DateDec 20, 2022
Refund InitiationDec 21, 2022
Shares Credit to DematDec 22, 2022
Lisiting DateDec 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).

CategoryLotsSharesAmount
Retail(Minimum)155₹14,850
Retail(Maximum)13715₹193,050
S-HNI (Minimum)14770₹207,900
B-HNI (Minimum)673,740₹1,009,800

Sula Vineyards IPO Promoter Holding

Pre Issue Share Holding97.42%
Post Issue Share Holding72.09%

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

ParticularsMAR 2018MAR 2019MAR 2020MAR 2021MAR 2022
Net Sales 418.16501.08386.96305.91389.97
Total Expenditure 360.66422.73335.70251.97284.55
Operating Profit 57.5178.3551.2653.94105.41
Other Income 2.893.102.625.784.58
Interest 16.8023.7631.4332.2621.33
Depreciation 14.9219.3334.5025.3622.41
Exceptional Items 000-2.380
Profit Before Tax 28.6738.37-12.05-0.2866.26
Provision for Tax10.1418.75-3.890.3517.40
Net Profit 18.5419.62-8.16-0.6348.86
Adjusted EPS (Rs.) 1.261.31-0.54-0.040.62
(All Figures in Cr.)

Sula Vineyards IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0.32
  bNII (bids above ₹10L)0.27
  sNII (bids below ₹10L)0.41
Retail Investors(RII)0.88
Employees
Others
Total0.51

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

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