Sula vineyards ipo grey market premium

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by Business Today Sula Vineyards IPO subscribed 28% on Day 1; grey market premium drops to Rs 19 apiece 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 ju...

• Sula Vineyards, Landmark Cars and Abans Holdings will launch their issues this week. • The three initial public offerings (IPOs) are expected to collectively raise over ₹1,857 crore. • So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6), down from ₹1.18 lakh crore raised through 64 IPOs in 2021. At a time when the stock market is choppy due to mixed cues from global markets, the primary market in India is buzzing. Three initial public offerings (IPOs) are expected to launch this week that will collectively raise over ₹1,857 crore. Nashik-based winemaker Sula Vineyards, Mumbai-based financial services company Abans Holdings and premium car dealership chain Landmark Cars will open their issues for public subscription this week. So far this year, ₹55,101 crore has been raised through 32 IPOs (as of December 6), down from ₹1.18 lakh crore raised through 64 IPOs in 2021, shows data from Prime Database. IPOs opening this week Start date Close date IPO size Sula Vineyards December 12 December 14 ₹960 crore Abans Holdings December 12 December 15 ₹345.6 crore Landmark Cars December 13 December 15 ₹552 crore Sula Vineyards IPO to raise ₹960 crore Nashik-based Sula Vineyards, India’s largest wine producer and seller is all set to open its initial public offering (IPO) from December 12 to December 14. The price band of the IPO is ₹340-357 per share. The winemaker’s ₹960-crore IPO is a complete offer for sale by promoters and shareholders. The company w...

Sula Vineyards IPO opened for public subscription on Monday, 12 December, and the issue will close on 14 December. The IPO price band has been fixed at Rs 340-357 per equity share. The offer is entirely an offer for sale (OFS) of up to 2.69 crore shares by selling shareholders. The company aims to raise Rs 960 crore at the upper price band. Ahead of the Should you subscribe to Sula Vineyards IPO? Motilal Oswal: Subscribe for listing gains “Sula has market leadership in India’s grape wine industry especially in premium brands. It enjoys high entry barriers and is well-placed to capture the industry growth. We like its focus on D2C model, premiumization and efforts on improving its operational efficiencies. The IPO is valued at P/E of 49x 1HFY23 annualized EPS. Given first of its kind listing in wine category, there could be fancy for the IPO. We suggest investors can Subscribe for listing gains.” Shyam Metalics IPO opens June 14; offer size cut to Rs 909 crore as promoters offload Rs 252 crore shares Canara Bank Securities: Subscribe for listing gains “Considering the higher share of high-margin segments in the revenues and focus on owned brand, the company would be able to expand its margin going forward. Its strong position in a high barrier and fast-growing segment would help it to gain further in terms of sales in the long run. We recommend to SUBSCRIBE for listing gains.” Anand Rathi Share and Stock Brokers: Subscribe – Long-term “ Also Read: Choice Broking: Subscribe ...

Sula Vineyards Limited offers an IPO including Offer for sale Up to 26,900,530 equity shares. The IPO price band is Rs 340 - Rs 357 per share and the minimum lot size is 42 Shares. The face value of shares is Rs 2 per share and subscription is opening from 12 Dec 2022 to 14 Dec 2022. Listing will be done on both exchanges NSE and BSE. Stay updated with us to know more about the Sula Vineyards Limited IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more. Sula Vineyards IPO Details IPO Issue Opening Date: 12th Dec 2022 IPO Issue Closing Date: 14th Dec 2022 IPO Issue Price: ₹340-357 Per Share DRHP: Download DRHP RHP: Download RHP Anchor List: Download Anchor List IPO Listing At: BSE, NSE Retail Quota: Not less than 35% of the Offer IPO Issue Type: Book Build Issue IPO Issue Size: ₹960.35Cr Offer for Sale: ₹960.35Cr Face Value: ₹2 Per Equity Share IPO Discount: TBD Promoter Holding Pre IPO: 28.44% Promoter Holding Post IPO: 27.33% BSE Code: 543711 NSE Code: SULA IPO Live GMP Sula Vineyards IPO Important Dates In this section we have covered all important dates related to Sula Vineyards IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO. Sula Vineyards IPO important dates IPO Activity Date Basis of Allotment Date* 19th Dec 2022 Refunds Initiation* 20th Dec 2022 Credit of Shares to Demat* 21st...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Financial Express IPO price band has been fixed at Rs 340-357 per equity share Sula Vineyards IPO opened for public subscription on Monday, 12 December, and the issue will close on 14 December. The IPO price band has been fixed at Rs 340-357 per equity share. The offer is entirely an offer for sale (OFS) of up to 2.69 crore shares by selling shareholders. The company aims to raise Rs 960 crore at the upper price band. Ahead of the Should you subscribe to Sula Vineyards IPO? Motilal Oswal: Subscribe for listing gains “Sula has market leadership in India’s grape wine industry especially in premium brands. It enjoys high entry barriers and is well-placed to capture the industry growth. We like its focus on D2C model, premiumization and efforts on improving its operational efficiencies. The IPO is valued at P/E of 49x 1HFY23 annualized EPS. Given first of its kind listing in wine category, there could be fancy for the IPO. We suggest investors can Subscribe for listing gains.” Also Read: Canara Bank Securities: Subscribe for listing gains “Considering the higher share of high-margin segments in the revenues and focus on owned brand, the company would be able to expand its margin going forward. Its strong position in a high barrier and fast-growing segment would help it to gain further in terms of sales in the long run. We recommend to SUBSCRIBE for listing gains.” Anand Rathi Share and Stock Brokers: Su...

The initial public offering (IPO) Sula Vineyards was subscribed 41 per cent on the second day (Day 2) of bidding process. The issue received total bids of 1,10,99,256 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail individual investors (RIIs) was booked 99 per cent and that of non-institutional investors (NIIs) received 45 per cent subscription by 5 pm on Tuesday. The company has fixed a price band of Rs 340-357 per equity share for its Rs 960 crore public offer. 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 would conclude on December 14, the basis of allotment could be finalised by December 19 and the listing of Sula Vineyards shares may happen on December 22. Also Read |Â Grey market premium Market participants said Sula Vineyards IPO grey market premium (GMP) was last heard at Rs 5. It implied that the grey market expected the company to list around Rs 362 (Rs 357 + Rs 5), 1.4 per cent higher than the IPO's upper band price of Rs 357 per equity share. "In the Indian wine industry, they have consistently been a market leader in all price segments. It has grown significantly in the aftermath of the Covid-19 pandemic, gaining market share and increasing profitability. The wine market is likely to remain concentrated with high entry barriers due to nature of the product as well as trade barriers. The EBITDA and PAT ...

Sula Vineyards IPO opened for public subscription on Monday, 12 December, and the issue will close on 14 December. The IPO price band has been fixed at Rs 340-357 per equity share. The offer is entirely an offer for sale (OFS) of up to 2.69 crore shares by selling shareholders. The company aims to raise Rs 960 crore at the upper price band. Ahead of the Should you subscribe to Sula Vineyards IPO? Motilal Oswal: Subscribe for listing gains “Sula has market leadership in India’s grape wine industry especially in premium brands. It enjoys high entry barriers and is well-placed to capture the industry growth. We like its focus on D2C model, premiumization and efforts on improving its operational efficiencies. The IPO is valued at P/E of 49x 1HFY23 annualized EPS. Given first of its kind listing in wine category, there could be fancy for the IPO. We suggest investors can Subscribe for listing gains.” Shyam Metalics IPO opens June 14; offer size cut to Rs 909 crore as promoters offload Rs 252 crore shares Canara Bank Securities: Subscribe for listing gains “Considering the higher share of high-margin segments in the revenues and focus on owned brand, the company would be able to expand its margin going forward. Its strong position in a high barrier and fast-growing segment would help it to gain further in terms of sales in the long run. We recommend to SUBSCRIBE for listing gains.” Anand Rathi Share and Stock Brokers: Subscribe – Long-term “ Also Read: Choice Broking: Subscribe ...

The initial public offering (IPO) Sula Vineyards was subscribed 41 per cent on the second day (Day 2) of bidding process. The issue received total bids of 1,10,99,256 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail individual investors (RIIs) was booked 99 per cent and that of non-institutional investors (NIIs) received 45 per cent subscription by 5 pm on Tuesday. The company has fixed a price band of Rs 340-357 per equity share for its Rs 960 crore public offer. 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 would conclude on December 14, the basis of allotment could be finalised by December 19 and the listing of Sula Vineyards shares may happen on December 22. Also Read |Â Grey market premium Market participants said Sula Vineyards IPO grey market premium (GMP) was last heard at Rs 5. It implied that the grey market expected the company to list around Rs 362 (Rs 357 + Rs 5), 1.4 per cent higher than the IPO's upper band price of Rs 357 per equity share. "In the Indian wine industry, they have consistently been a market leader in all price segments. It has grown significantly in the aftermath of the Covid-19 pandemic, gaining market share and increasing profitability. The wine market is likely to remain concentrated with high entry barriers due to nature of the product as well as trade barriers. The EBITDA and PAT ...

Sula Vineyards Limited offers an IPO including Offer for sale Up to 26,900,530 equity shares. The IPO price band is Rs 340 - Rs 357 per share and the minimum lot size is 42 Shares. The face value of shares is Rs 2 per share and subscription is opening from 12 Dec 2022 to 14 Dec 2022. Listing will be done on both exchanges NSE and BSE. Stay updated with us to know more about the Sula Vineyards Limited IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more. Sula Vineyards IPO Details IPO Issue Opening Date: 12th Dec 2022 IPO Issue Closing Date: 14th Dec 2022 IPO Issue Price: ₹340-357 Per Share DRHP: Download DRHP RHP: Download RHP Anchor List: Download Anchor List IPO Listing At: BSE, NSE Retail Quota: Not less than 35% of the Offer IPO Issue Type: Book Build Issue IPO Issue Size: ₹960.35Cr Offer for Sale: ₹960.35Cr Face Value: ₹2 Per Equity Share IPO Discount: TBD Promoter Holding Pre IPO: 28.44% Promoter Holding Post IPO: 27.33% BSE Code: 543711 NSE Code: SULA IPO Live GMP Sula Vineyards IPO Important Dates In this section we have covered all important dates related to Sula Vineyards IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO. Sula Vineyards IPO important dates IPO Activity Date Basis of Allotment Date* 19th Dec 2022 Refunds Initiation* 20th Dec 2022 Credit of Shares to Demat* 21st...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Financial Express IPO price band has been fixed at Rs 340-357 per equity share Sula Vineyards IPO opened for public subscription on Monday, 12 December, and the issue will close on 14 December. The IPO price band has been fixed at Rs 340-357 per equity share. The offer is entirely an offer for sale (OFS) of up to 2.69 crore shares by selling shareholders. The company aims to raise Rs 960 crore at the upper price band. Ahead of the Should you subscribe to Sula Vineyards IPO? Motilal Oswal: Subscribe for listing gains “Sula has market leadership in India’s grape wine industry especially in premium brands. It enjoys high entry barriers and is well-placed to capture the industry growth. We like its focus on D2C model, premiumization and efforts on improving its operational efficiencies. The IPO is valued at P/E of 49x 1HFY23 annualized EPS. Given first of its kind listing in wine category, there could be fancy for the IPO. We suggest investors can Subscribe for listing gains.” Also Read: Canara Bank Securities: Subscribe for listing gains “Considering the higher share of high-margin segments in the revenues and focus on owned brand, the company would be able to expand its margin going forward. Its strong position in a high barrier and fast-growing segment would help it to gain further in terms of sales in the long run. We recommend to SUBSCRIBE for listing gains.” Anand Rathi Share and Stock Brokers: Su...