Sula vineyards grey market premium

The Rs 960.35-crore  IPO by Sula Vineyards was subscribed 28 per cent on Day 1 of the bidding process. The issue received total bids of 52,34,670 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail individual investors (RIIs) was subscribed 48 per cent and that of non institutional investors(NIIs) 18 per cent. Ahead of the IPO, the largest wine producer and seller finalised allocation of 8,070,158 shares to anchor investors at Rs 357 a piece, aggregating Rs 288.10 crore. The IPO will conclude on December 14, the basis of allotment will likely be finalised by December 19 and the listing of Sula Vineyards shares are likely by December 22. Last heard, the IPO was commanding a grey market premium (GMP) of Rs 19 apiece against Rs 34 earlier, suggesting prospects of modest listing gains. Analysts are largely positive on the issue. Anand Rathi said Sula Vineyards IPO is asking for a P/E 35.8 times and market cap of Rs 3,005.80 crore post issue of equity shares and return on net worth of 11.45 per cent. It believes Sula Vineyards IPO is fairly priced and recommended a “Subscribe- Long Term” rating to the IPO. "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 fo...

Sula Vineyards’ The public issue with a face value of Rs 2 per equity share is a pure offer-for-sale (OFS), including up to 2,69,00,530 equity shares, by the existing shareholders and promoters of the company. 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 for the period ended on September 30, 2022. Kotak Investment Banking, CLSA and IIFL Securities are the book running managers to the IPO and KFin Technologies Limited is the registrar to the offer. Law firms Shardul Amarchand Mangaldas and Trilegal are the legal advisors, as per the draft papers filed with SEBI. Sula Vineyards IPO: GMP A...

They say you should never count your glasses of wine. But you should definitely count an IPO’s grey market premium (GMP). Nashik-based Sula Vineyards is currently commanding a GMP of Rs 30 per share, said market watchers, indicating healthy retail excitement for the upcoming public issue. India's largest wine maker, Sula has set the price band for its initial public offering (IPO) at Rs 340-357 a share. The issue will open for subscription on December 12 and close on December 14. At the upper end of the price band, the issue size comes to Rs 960.34 crore. “At the current GMP, retail investors can expect a listing gain of approximately 9-10 percent,” said Mehul Bumtaria, an active participant in the IPO market. A reason behind this excitement could be Sula Vineyards’ relative valuation discount to its peers. According to the draft red herring prospectus, the company’s earnings per share (EPS) stood at Rs 6.79 as on March 31, 2022. So at the upper end of the price band, the price-to-earnings (P/E) ratio is 52.5 times FY22 earnings. Meanwhile, its peers Radico Khaitan, United Spirits and United Breweries are trading at TTM (trailing twelve months) P/E of 55.16, 80 and 127 times, respectively. Sula's financials As of September quarter end, Sula Vineyards had outstanding borrowings of Rs 231.5 crore and cash and cash equivalents of Rs 13 crore. Over the last five years, Sula’s financial performance has been inconsistent. For the year ended March 2018, it reported net profit of ...

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 ...

• • • • Sula Vineyards IPO GMP is about to release its IPO on Dec 12, 2022. The issue is closing on Dec 14, 2022 and is currently having an active grey market. The Sula Vineyards IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of Sula Vineyards IPO GMP IPO. The company is intended to raise Rs 960.35 Cr by the released issue. Sula Vineyards IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 22 Dec 2022 Disc NA NA 21 Dec 2022 Disc NA NA 20 Dec 2022 Disc NA NA 19 Dec 2022 Disc NA NA 17 Dec 2022 Disc NA NA 16 Dec 2022 Disc NA NA 15 Dec 2022 Disc NA NA 14 Dec 2022 Rs 10 NA NA 13 Dec 2022 Rs 30 NA NA 12 Dec 2022 Rs 30 NA NA 11 Dec 2022 Rs 40 NA NA 10 Dec 2022 Rs 40 NA NA 09 Dec 2022 Rs 40 NA NA 08 Dec 2022 Rs 40 NA NA 07 Dec 2022 Rs 70 NA NA 06 Dec 2022 Rs 30 NA NA Check out Related IPO Links: Open Free Demat Account Now! IPO Open Date Dec 12, 2022 IPO Close Date Dec 14, 2022 Basis of Allotment Date Dec 19, 2022 Initiation of Refunds Dec 20, 2022 Credit of Shar...

The GMP for Sula Vineyards IPO is showing discounted price. The cap price for Sula Vineyards IPO is 357. The estimated listing price for Sula Vineyards IPO as of current GMP is ₹342. We update GMP on daily basis and based on the last 20 sessions grey market activities, Today's IPO GMP trend indicates Discount and expects a discount listing. With this, retail investors should avoid this IPO and can add shares on/after listing day. The lowest GMP is recorded at ₹-15 while the highest GMP is ₹71. Stay tuned with us to know the day-by-day Sula Vineyards IPO GMP Performance along with its expected listing price. Sula Vineyards Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 22-12-2022 ₹-15 - ₹342 (-4.20%) 22-Dec-2022 08:15:57 AM 21-12-2022 ₹-12 - ₹345 (-3.36%) 21-Dec-2022 04:54:24 PM 20-12-2022 ₹-12 - ₹345 (-3.36%) 20-Dec-2022 03:21:20 PM 19-12-2022 ₹-10 - ₹347 (-2.80%) 19-Dec-2022 03:10:02 PM 18-12-2022 ₹-4 - ₹353 (-1.12%) 18-Dec-2022 10:59:36 AM 17-12-2022 ₹-4 - ₹353 (-1.12%) 17-Dec-2022 06:55:32 AM 16-12-2022 ₹-4 - ₹353 (-1.12%) 16-Dec-2022 04:38:14 PM 15-12-2022 ₹-4 - ₹353 (-1.12%) 15-Dec-2022 03:02:00 PM 14-12-2022 ₹-1 - ₹356 (-0.28%) 14-Dec-2022 04:37:25 PM 13-12-2022 ₹2 - ₹359 (0.56%) 13-Dec-2022 04:28:26 PM 12-12-2022 ₹21 - ₹378 (5.88%) 12-Dec-2022 04:53:44 PM 11-12-2022 ₹34 - ₹391 (9.52%) 11-Dec-2022 08:59:00 AM 10-12-2022 ₹34 - ₹391 (9.52%) 10-Dec-2022 08:24:05 AM 09-12-2022 ₹34 - ₹391 (9.52%) 9-Dec-2022 05:34:36 PM 08-12-2022 ₹34 - ₹...

December 18, 2022 admin [ssba] Sula Vineyards IPO Analysis @ Chanakyanipothi.com the Oldest & most Trusted Investment website in India. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 23 Years Sula Vineyards IPO Guidance: The company commands huge market share in Wine sales and has shown strong growth rate in the topline. The upper price band is reasonably price compared to the peer stocks and also the growth rate of this company. The IPO is expected to bring in strong oversubscription. Apply with the objective of good listing gains and returns as medium term investment. Sula Vineyards IPO Grey Market updates for latest updates , Sula Vineyards IPO Subscription Status # On 14 December 2022 @ 5.00 pm (Day 2) QIB :5380106Shares, 4.13T Big NII:2690053Shares, 1.69T SmallNII: 1345027 Shares, 1.15T RII: 9415186Shares, 1.65T Total: 18830372 Shares, 2.33T Sula Vineyards IPO Company Details Sula Vineyards is India’s largest wine producer and seller as of March 31, 2021. It has been a consistent market leader in the Indian wine industry in terms of sales volume and value (on the basis of the total revenue from operations) since Fiscal 2009 crossing 50% market share by value in the domestic 100% grapes wine market in Fiscal 2012. It has consistently gained market share from 33% in Fiscal 2009 in 100% grapes wine category to 52% in value in Fiscal 2020 and further increased to 52.6% in Fiscal 2021. Furthermore, it is ...

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...

After Sula Vineyards, the grey market premium (GMP) of Landmark Cars has eroded fully, with the issue commanding a discount of Rs 5 over the upper end of the IPO price band at Rs 506. The Rs 552 crore IPO did not breach the half way mark till 11.30 pm. Landmark Cars was commanding a GMP of Rs 54 last week, but last heard that has fallen into the red territory (down Rs 5) today. The IPO commanded a GMP of Rs 7 on Wednesday, Rs 11 on Tuesday and Rs 30 on Monday. Abhay Doshi, Founder at UnlistedArena.com, who also tracks grey market trends, said: "The response to the recent listings such as Dharmaj Crop Guard and Uniparts India came in lower than Street expectations. Mostly IPOs that are underway these days are OFSes; they are either no unique businesses and/or have no strong revenue growth visibility. Add to that is the volatile global scenario." At the upper end of the price band Rs 481-506, Landmark Cars IPO is asking a valuation of 28 times FY22 earnings per share. Analysts said the IPO is a play on premium, luxury car sales in the domestic market. Religare Securities is neutral on the IPO, Canara Bank Securities has an avoid rating on the issue, Anand Rathi Securities finds it a long-term subscribe. Choice Broking has 'Subscribe with Caution' on the issue. "At higher price band, the company is demanding an price to sales multiple of 0.7 time, which seems to be significantly higher than the international peers having almost similar business profile. Thus we assign a “...

• • • • Sula Vineyards IPO GMP is about to release its IPO on Dec 12, 2022. The issue is closing on Dec 14, 2022 and is currently having an active grey market. The Sula Vineyards IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of Sula Vineyards IPO GMP IPO. The company is intended to raise Rs 960.35 Cr by the released issue. Sula Vineyards IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 22 Dec 2022 Disc NA NA 21 Dec 2022 Disc NA NA 20 Dec 2022 Disc NA NA 19 Dec 2022 Disc NA NA 17 Dec 2022 Disc NA NA 16 Dec 2022 Disc NA NA 15 Dec 2022 Disc NA NA 14 Dec 2022 Rs 10 NA NA 13 Dec 2022 Rs 30 NA NA 12 Dec 2022 Rs 30 NA NA 11 Dec 2022 Rs 40 NA NA 10 Dec 2022 Rs 40 NA NA 09 Dec 2022 Rs 40 NA NA 08 Dec 2022 Rs 40 NA NA 07 Dec 2022 Rs 70 NA NA 06 Dec 2022 Rs 30 NA NA Check out Related IPO Links: Open Free Demat Account Now! IPO Open Date Dec 12, 2022 IPO Close Date Dec 14, 2022 Basis of Allotment Date Dec 19, 2022 Initiation of Refunds Dec 20, 2022 Credit of Shar...