Sula vineyards ipo

India’s largest wine manufacturer, Sula Vineyards, will declare the allotment of its initial public offering (IPO) today, 19 December. Reimbursements will commence on 20 December, while the allotted shares will be deposited to investors’ Demat accounts on 21 December. On 22 December, Sula Vineyards’ IPO shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The Rs 960.35 crore IPO opened for public subscription from 12 to 14 December. Data showed the company got bids for approximately 4.38 crore (4,38,35,526) shares against the 1.88 crores (1.88,30,372) shares on offer. As compared to the shares reserved for non-institutional investors that were subscribed 1.51 times, the issue designated for qualified institutional buyers (QIBs) received 4.13 times subscriptions. The segment for the retail investors was subscribed 1.65 times. The promoter, investors, and other stakeholders had collectively offered 26,900,532 equity shares for sale in the IPO. Prior to the IPO, the winemaker earned more than Rs 288.10 crore from 22 anchor investors. Investors can determine the status of their Sula Vineyards share allocation on the BSE website or the IPO registrar’s (KFin Technologies) portal. Steps to check on the BSE website: • Visit the official BSE site, https://www.bseindia.com/investors/appli_check.aspx • From the menu, choose Sula Vineyards IPO. The company’s name will be published once the share allotment status is finalized. • Enter your des...

Sula Vineyards debuted its initial public offering (IPO) on the markets on December 12, 2022, and they are going to remain open for bidding until December 14. While it will be under complete OFS (only for sale), the company aims to raise Rs 960.35 crores. Here’s all you need to know about the Indian wine giant’s IPO. The most recognised wine brand in India and a pioneer in wine tourism, Sula already has bids for 29,24,964 equity shares and counting, on both the Sula Vineyards IPO, Sula Vineyards share prices and everything else you need to know • Sula Vineyards share prices have been fixed at Rs 340 – Rs 357 per share for its IPO. This is entirely an OFS, of up to Rs 2.69 crores. Wondering what OFS is? Well, OFS is a method in trading where promoters and shareholders in public companies can simply sell their shares and reduce their holdings in the company in a clear and transparent way. This can be done on the bidding platforms of the Exchange. • Even before the bidding, Sula Vineyards Limited had already earned Rs 288.10 crore from 22 anchor investors, when they finalised the allocation of 80.70 lakh shares to anchor investors. • The anchor investors include big names like Morgan Stanley (Asia) Singapore, BNP Paribas Arbitrage, Goldman Sachs and Abu Dhabi Investment Authority, Citigroup Global Markets Mauritius, HDFC Life Insurance, ICICI Prudential Life Insurance, Aditya Birla Life Insurance, Aditya Birla Sun Life Mutual Fund (MF), Max Life Insurance, SBI MF, HDFC MF, an...

Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022. It has been a consistent market leader in the Indian wine industry in terms of sales volume and value. Sula is also recognized as the market leader across wine variants, including red, white, and sparkling wines. Sula’s business can be broadly classified under two categories: Wine Business: the production of wine, the import of wines and spirits, and the distribution of wines and spirits Wine Tourism: the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms Currently, it produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka. Sula is the pioneer of wine tourism in India with many firsts to its credit, such as the first wine tasting room in India, the first vineyard resort, the first wine music festival and the first winery tours at its facility in Nashik, Maharashtra. ;

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India's largest wine producer, Sula Vineyards Ltd, saw its stock surge nearly 10 percent on June 9 to a record high, keeping up the momentum for the third straight session. The stock hit Rs 474.80 a share and gained as much as 9.7 percent intraday. At 12.11pm, it was trading at Rs 465.50 on the BSE, up 7.5 percent from its previous close. The company on June 8 announced on exchanges that it has identified a new chief financial officer who will join the company in August but did not divulge the name. Earlier in March, Bittu Varghese had resigned as the CFO. It also announced the launch of three luxury villas at their iconic Beyond resort in Nashik. “We have added three stylish new villas overlooking the picturesque Gangapur lake in Nashik, modelled on our iconic Sky Villa, which is always over-booked. With the addition of new villas, we hope that more guests can experience the joy of a vineyard retreat,” said Rajeev Samant, Founder and CEO of Sula Vineyards. The stock listed on exchanges in December 2022 and the issue price for the IPO was at Rs 357 a share. The firm raised around Rs 960 crore through the public issue. Sula Vineyards has reported a strong performance for the full year, with a net profit of Rs 84 crore, up 61 percent from a year ago. Revenues for FY23 jumped 22 percent year-on-year to Rs 553 crore. The company's own brands made a substantial contribution to its topline, accounting for 86.3 percent in the fourth quarter, up from 80.7 percent a year back. This...

The stock of India’s largest wine producer, Sula Vineyards, will make its debut on December 22 but the listing is creating little buzz in the market. Most analysts expect the listing to be on par with or at a discount to the final issue price, judging from tepid investor response to the Initial Public offering (IPO) and subdued equity market sentiment. On the grey market, trading in the stock has taken place at a 3-4 percent discount to the expected final issue price of Rs 357 a share, analysts said. The IPO was subscribed 2.33 times during December 12-14, 2022, with every category fully subscribed but the overall investor response fell short of analyst expectations. Another reason was that it was entirely an Offer For Sale (OFS), which means all the proceeds would go to the selling shareholders (promoters and investors); the company would not receive any money. Qualified institutional buyers bid for 4.13 times the allotted quota, while the portion set aside for high networth individuals was subscribed 1.51 times and that for retail investors 1.65 times. "Considering lower-than-expected subscription response from all investor categories and subdued secondary market mood, we expect an at-par or discounted listing. Muted gray market demand is also justified as the issue is entirely OFS, providing an exit to pre-IPO shareholders, and the company will not receive any proceeds for growth," Prashanth Tapse, senior vice president of research at Mehta Equities, said. Click Here To...

Incorporated in 2003, Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2022. The company also distribute wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India. The company's business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits ( the "Wine Business"); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms ( the "Wine Tourism Business") Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka. The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021. The company also have a strong direct-to-consumer ("D2C") selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,290 acres as of September 30, 2022. The company's distribution platform included over 50 distributors, 11 corporations, 14 licensed resellers, 7 company depots, and 3 defence units as of Septembe...