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Sula Vineyards IPO Date, Share Price, GMP, Review, Allotment

Sula Vineyards IPO Date, Price, Review

Sula Vineyards IPO: Know everything about Sula Vineyards IPO. Sula Vineyards International Limited IPO Date, Sula Vineyards Ltd IPO Review and analysis. We will discus about Sula Vineyards IPO Benefits & Risks. Also, all information related to Sula Vineyards IPO like price band, all important dates, issue size, Brockrage Review, GMP, and retail quota etc.
Sula Vineyards IPO

    Sula Vineyards IPO

    Sula Vineyards Limited has emerged as India's largest wine producer and seller. Sula Vineyards Ltd. distributes wines under a bouquet of popular brands including "Dindori", "RASA", "The Source," "Satori", and "Madera". Sula Vineyards Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 960.35 crore through IPO (Initial public offering).

    Sula Vineyards IPO will open on 12 December 2022 and close on 14 December 2022. The price band of the Sula Vineyards IPO is ₹340 to ₹357. Sula Vineyards IPO size is 960.35 Crores. The offer includes [0] Crores under fresh issue and 960.35 Crores under offer for sale. Sula Vineyards IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Sula Vineyards IPO listing date is 22 December 2022. You can know about Sula Vineyards IPO GMP (Grey Market Premium) below.

    The Sula Vineyards has given good financial performance. The company made a profit of ₹52.14 crores in the financial year 2022 (March 2021). The IPO of Sula Vineyards will be listed on NSE and BSE. Sula Vineyards IPO face value is ₹2 per equity share.

    We will talk about Sula Vineyards' financials, benefits, and risks of investing in the company.

    What is Sula Vineyards IPO Date?
    Sula Vineyards IPO Date is 12 Decemebr 2022.

    What is Sula Vineyards IPO Price Band?
    Sula Vineyards' IPO Price Band is ₹340 to ₹357.

    What is Sula Vineyards IPO Expected Return?
    Sula Vineyards IPO Expected Returns is approx -%.

    About Sula Vineyards International Ltd

    Sula Vineyards Limited was incorporated in the year 2003. The company is India's largest wine producer and seller as of March 31, 2021. Sula Vineyards distributes wines under popular brands including "RASA," "Sroth," "Dindori," "Satori." In addition, the company is also a "category producer" of liquor in India with its flagship brand "Sula" under the "Madera" and "Dia" brands.

    Sula Vineyards IPO GMP

    Sula Vineyards Limited has classified its business primarily into two categories namely wine production, wine, and spirits importation, and vineyard resorts and tasting rooms ("wine tourism business"), etc. Manufactures more than 50 labels of liquor in two leased production facilities, including four owned, located in the States.

    Important Links

    Purpose of the offer

    • To prepay/repay all or a part of the dues raised by the company.
    • To finance capital expenditure requirements.
    • To meet general corporate objectives.

    Sula Vineyards IPO Date and Price Band Details

    Sula Vineyards IPO open date: 12 December 2022, Closing date: 14 December 2022, and Listing date: 22 December 2022. The price band of Sula Vineyards IPO is ₹340 to ₹357 per share. Sula Vineyards IPO issue size is Rs 960.35 crores. Sula Vineyards IPO retail portion is 35%, the QIB portion is 50%, and NII Portion is 15%.
    IPO Open:12 December 2022
    IPO Close:14 December 2022
    Listing Date:22 December 2022
    Listing On:NSE & BSE
    IPO Size:Approx ₹960.35 crores
    Fresh Issue:Approx ₹0 crores
    Offer For Sale:Approx ₹960.35 crores
    Price Band:₹340 to ₹357 per share
    Face Value:₹2 per Equity share
    QIB Portion:50%
    Retail Portion:35%
    NII Portion:15%
    Employee Res:Not Disclosed

    Sula Vineyards IPO Lot Size Details

    Sula Vineyards IPO's minimum lot size is 42 shares with ₹14,994 application amount and the maximum lot size is 546 shares with ₹194,922 application amount.
    Minimum Lot:01
    Minimum Lot Size:42 Shares
    Minimum Amount:₹14,994
    Maximum Lot:13
    Maximum Lot Size:546 Shares
    Maximum Amount:₹194,922

    Sula Vineyards IPO Open, Close, Allotment, and Listing Date

    Ipo Opening Date:12 December 2022
    IPO Closing Date:14 December 2022
    Basis of Allotment:19 December 2022
    Refund Date:20 December 2022
    Credit to Demat Account:21 December 2022
    Listing Date:22 December 2022

    Sula Vineyards IPO Review

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    You can also check the latest IPO subscription status and IPO allotment status of Sula Vineyards IPO on our website.

    Sula Vineyards Ipo Rating

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    • The sector has high entry barriers which deter new players from entering the sector.
    • The company, with the top brand "Sula", is a leader in the liquor market in India.
    • The company produces its own wines under more than 50 labels.
    • The company has the largest liquor sales presence and a good distribution network.
    • Apart from wine manufacturing, the company is also a leader in India's wine tourism industry.


    • The industry in which the Company is in is governed by a licensing and excise regime.
    • The company depends on raw material like grapes as raw material which can be affected by weather conditions.
    • Interruptions in the delivery of raw materials used by the Company may have a negative impact on the Company's operations.
    • The Company's operations depend on a number of different factors that may be negatively impacted by political, social, economic, or weather disruptions, natural disasters, or civil unrest.

    Sula Vineyards Ltd Financials

    Sula Vineyards Financials(in Crores)

    YearTotal AssetsRevenueProfit


    The promoters of the company are:
    • Rajeev Samant

    Contact Details of Sula Vineyards

    Sula Vineyards Limited
    Sula Vineyards Limited
    Andheri (East), Mumbai 400 069,
    Maharashtra, India
    Telephone: +91 22 6128 0606
    E-mail: cs@sulawines.com
    Website: www.sulavineyards.com

    Sula Vineyards Lead Managers

    • CLSA India Private Limited
    • IIFL Securities Limited
    • Kotak Mahindra Capital Company Limited

    Sula Vineyards IPO Registrars

    KFin Technologies Limited
    Selenium, Tower B,
    Plot No 31 and 32, Financial District,
    Nanakramguda, Serilingampally
    Hyderabad, Rangareddi 500 032,
    Telangana, India
    Telephone: +91 40 6716 2222
    Email: sula.ipo@kfintech.com


    There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 52.14 crore. The company operates in two sectors. The promoter holding in the company is very small. The promoter holding of 28.44% before the IPO will come down to just 23.21% after the IPO. In this IPO you can apply for small listing gains, if you are a risk-taking investor then you can apply for short-term or long-term. Sula Vineyards Limited IPO financial details and other information are given above.

    Sula Vineyards IPO FAQs

    What is Sula Vineyards IPO Price Band?
    Sula Vineyards IPO Price Band is ₹340 to ₹357.

    What is the Sula Vineyards IPO Opening Date?
    Sula Vineyards IPO Opening date is 12 December 2022.

    What is the Sula Vineyards IPO Closing Date?
    Sula Vineyards IPO Closing date is 14 December 2022.

    What is the Sula Vineyards IPO Allotment date?
    Sula Vineyards IPO Allotment Date is  19 December 2022.

    What is the Sula Vineyards IPO Listing Date?
    The Sula Vineyards IPO Date is 22 December 2022.

    What is Sula Vineyards IPO issue size?
    Sula Vineyards IPO issue size is ₹960.35.

    What is Sula Vineyards IPO Expected Returns?
    Sula Vineyards IPO Expected Returns is -%.

    How to Apply the Sula Vineyards Ltd IPO with Zerodha?

    1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO. 
    2. If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO. 
    3. You will see the IPO name "Sula Vineyards Ltd". 
    4. Then, Click on Bid Button.
    5. Then, Enter your UPI ID.
    6. Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
    7. Then Submit the IPO Application Form.
    8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.

    We hope you like this article about Sula Vineyards IPO. If you have a query about Sula Vineyards IPO then, leave a comment. Here you can also stay updated about the upcoming IPO. Also, you can track IPO performance. Thanks for Visiting. Happy Investing.

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