Sula vineyards ipo grey market

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 IPO: The three days bidding for the initial public offer (IPO) of Sula Vineyards Limited ended on Wednesday. As per the Sula Vineyards IPO subscription status, the public issue has been subscribed 2.33 times whereas its retail portion got subscribed 1.65 times. After closure of subscription date, applicants are eagerly waiting for Sula Vineyards IPO allotment date, which is most likely on 19th December 2022. Meanwhile, after cold response by investors to the public issue, grey market sentiments have also gone down. According to market observers, shares of Sula Vineyards Ltd are available at a premium of ₹10 in grey market today. Sula Vineyards IPO GMP today Market observers said that Sula Vineyards IPO grey market premium (GMP) today is ₹10, which is just half of its yesterday's grey market premium of ₹20. So, tepid response by investors have hit grey market sentiments badly despite secondary market sentiments have remained positive for the last two days. Observers said that despite positive sentiments on Dalal Street, investors gave cold shoulder to the public issue worth ₹960.35. However, they said that investors might have not shown interest towards this public offer of India's largest wine producer and seller because it is completely OFS (offer for sale) in nature. What this GMP means? Market observers said that ₹10, which means grey market is expecting that Sula Vineyards IPO listing price would be around ₹367 ( ₹357 + ₹10), which means the public issue...

Sula Vineyards IPO Review: The issue opens for subscription on 12th December 2022 and closes for subscription on 14th December 2022 (both days inclusive). The basis of allotment will be finalized on 19th December 2022 and the refunds will be initiated on 20th December 2022. In addition, the demat credits are expected to happen on 21st December 2022 and the stock is scheduled to list on 22nd December 2022 on the NSE and the BSE. The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Sula Vineyards Ltd, we already have GMP data for the last 6 days, which should give a reasonable picture of the likely listing performance. There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP, which includes the levels of the Nifty and Sensex as well as the general IPO market and macro conditions. Secondly, the extent of subscription for the IPO across the retail and the QIB segments also has a deep impact on the GMP as it is indicative of investor interest in the stock. Generally, strong QIB subscription is a trigger for a spike in GMP. There is one small point to remember here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has been observed to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance ...

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 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 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...

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 - ₹...

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 - ₹...

Sula Vineyards IPO Review: The issue opens for subscription on 12th December 2022 and closes for subscription on 14th December 2022 (both days inclusive). The basis of allotment will be finalized on 19th December 2022 and the refunds will be initiated on 20th December 2022. In addition, the demat credits are expected to happen on 21st December 2022 and the stock is scheduled to list on 22nd December 2022 on the NSE and the BSE. The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Sula Vineyards Ltd, we already have GMP data for the last 6 days, which should give a reasonable picture of the likely listing performance. There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP, which includes the levels of the Nifty and Sensex as well as the general IPO market and macro conditions. Secondly, the extent of subscription for the IPO across the retail and the QIB segments also has a deep impact on the GMP as it is indicative of investor interest in the stock. Generally, strong QIB subscription is a trigger for a spike in GMP. There is one small point to remember here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has been observed to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance ...