Sula ipo gmp today

The Rs 960.35-crore IPO by Sula Vineyards, India’s largest wine producer and seller, will open for public subscription today. Ahead of the IPO, the company finalised allocation of 8,070,158 shares to anchor investors at Rs 357 a piece, aggregating Rs 288.10 crore. The IPO is an offer for sale (OFS) of 2.69 crore shares to be sold in the Rs 340-357 price band. Last heard, the IPO was commanding a grey market premium (GMP) of Rs 34 apiece, which suggests prospects of single-digit listing gains. "At the issue price of Rs 340-357, the stock is trading at 51.3 times/53.8 times its FY2022 earnings, which is at discount to the large peers. The discount to peers could be justified by risk related to high concentration of buyers and state government grants on VAT contribute to a large part of its profitability. Consequently, the scope for handsome listing gains is limited as of now. However, investors could look at the stock in case of weakness post its listing," Sharekhan said Sula Vineyards is the market leader across all four price segments (Elite, premium, economy and popular) and also the market leader across all the wine variants namely red, white and sparkling wines. Sula's company’s business is broadly classified under two categories wine production, the import of wines and spirits, and the distribution of wines and spirits and sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms. "Considering the lower wine ...

Premium Sula Vineyards Ltd IPO opens today: Here’s everything you need to know Sula Vineyards IPO, GMP, Price, Details: The Rs 960 crore initial public offering (IPO) of leading wine producer and seller Sula Vineyards is available from December 12-14, 2022. It has a price band of Rs 340–357 per share. Sula Vineyards IPO GMP Today: The initial public offering (IPO) of India’s leading wine producer and seller Sula Vineyards opened for subscription on Monday, December 12, 2022. the issue opened for public subscription at 10 am and was subscribed nearly 11 per cent by 12:24 pm on the first day of bidding. It received total bids for 20,13,816 shares across both the stock exchanges against 1,88,30,372 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 960.35 crore Sula Vineyards Wednesday, December 14, 2022, and the price band of the company has been fixed at Rs 340-357 per share. Sula Vineyards IPO is entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders. The company will not receive any proceeds from the issue. The OFS comprises the sale of up to 937,203 equity shares by promoter Rajeev Samant and 7,191,835 shares by investors Cofintra SA, 200,000 equity shares by Haystack Investments, 687,389 shares by Saama Capital III, 121,076 equity shares by SWIP Holdings, 7,191,835 shares by Verlinvest SA and 6,579,565 shares by Verlinvest France SA. Apart from the promoter and investor selling shar...

Sula Vineyards, the country’s leading winemaker, opened its initial public offer (IPO) for bidding from December 12 through 14. The company’s public issue, which is entirely offered for sale (OFS), witnessed muted reaction from investors on Wednesday, the last day of bidding. The grey market has followed this sentiment, with the Sula Vineyards’ stocks getting no grey market premium (GMP). Experts believe that the whole offering being OFS could be impacting the subscription numbers and the GMP of the shares. Sula Vineyards is understood to be the market leader across the red, white, and sparkling wine variants. The company distributes wines under a number of popular brands apart from the flagship Sula. These include names such as RASA, Dindori, The Source, Satori, Madera and Dia. The shares of Sula Vineyards Ltd were available at a discount in the grey market on Thursday, a day after the The public is expected to make a debut in the market next week with the credit of shared beginning on December 21. Bids were invited for a minimum of 42 shares and multiples thereafter. Sula Vineyard witnessed a sharp jump in its profit that rose to Rs 52.14 crore in FY 22 compared to Rs 3.01 crore in the previous financial years. The company’s revenue also grew to Rs 421.53 crore from Rs 225.76 during this period Termed to be a “first of its kind" listing in the wine market, Sula Vineyards’ public issue had been subscribed 2.33 times by the time the bidding closed. Subscription data sugges...

New Delhi: The initial public offering (IPO) of Sula Vineyards received 28 per cent subscription on the first day on Monday. The leading wine producer's IPO received bids for 52,34,670 shares against 1,88,30,372 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) was subscribed 48 per cent and that of non-institutional investors 18 per cent. The issue, with a price band of 340-357 per share, will likely list on BSE and NSE on December 22 wile the tentative date of share allotment will be announced on December 19. As per reports, the Sula Vineyards latest GMP suggests a premium of Rs 34. (Also read: State Bank of India hikes FD rates, new rates applicable from today 13 December) The capital was raised from 22 investors, including BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority. ICICI Prudential Life Insurance Company, HDFC Life Insurance Company, Aditya Birla Life Insurance Company, Max Life Insurance Company, Aditya Birla Sun Life Mutual Fund (MF), SBI MF and and HDFC MF were also among the anchor investors. (Also read: Will govt remove image of Mahatma Gandhi from Indian Currency notes?) The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders. Sula Vineyards has been recognised as the market leader across wine variants, including red, white ...

Sula Vineyards Sula Vineyards IPO: Subscription Status Retail investors and high networth individuals turned active on the first day itself, buying 48 and 18 percent of their quotas respectively. But qualified institutional buyers are yet to put in their bids for the offer. They already have invested Rs 288.10 crore in the company via the anchor book. Half of the offer has been reserved for qualified institutional buyers, 15 percent for high networth individuals (non-institutional investors), and the remaining 35 percent for retail investors. Sula Vineyards IPO: Important Dates Ahead of the IPO, anchor investors will be allowed to bid in Sula Vineyards on 9 December. The company is expected to start crediting shares to allotees on 21 December and the stock may debut on exchanges on 22 December. Sula Vineyards IPO: Lot Size Investors can bid for a minimum of 42 equity shares and in multiples of 42 equity shares thereafter. Sula Vineyards IPO: Shareholders Promoter Rajeev Samant with other selling shareholders, including Cofintra SA, Haystack Investments, Saama Capital III, SWIP Holdings, Verlinvest France SA, Verlinvest SA and others, will participate in the OFS. Sula Vineyards IPO: Financials For the year ended on March 31, 2022, the company reported a total revenue of Rs 456.7 crore with a net profit of Rs 52.14 crore, which was Rs 421.53 crore and Rs 3.01 crore in the year-ago period.Sula Vineyards’ bottomline stood at Rs 30.51 crore with total revenue of Rs 225.76 crore...