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 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.
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 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.
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
| 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
| 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
| Happiest Post | May Apply |
| Anand Rathi | May Apply |
| Angle One | Not Rated yet |
| Axis Capital | Not Rated yet |
| Canara Bank | Apply |
| Dilip Davda | May Apply |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Sula Vineyards IPO on our website.
Sula Vineyards Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- 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.
Risks
- 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)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹- | ₹- | ₹- |
| 2020 | ₹831.04 | ₹523.21 | -₹15.94 |
| 2021 | ₹751.6 | ₹421.53 | ₹3.01 |
| 2022 | ₹758.56 | ₹456.4 | ₹52.14 |
Promoters
- Rajeev Samant
Contact Details of Sula Vineyards
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
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
Website:www.kfintech.com
Conclusion
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
How to Apply the Sula Vineyards Ltd IPO with Zerodha?
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