Sula Vineyards Limited IPO (Sula Vineyards IPO)
Note: Sula Vineyards IPO is a BSE SME IPO. They are going to raise ₹960.35 Crores via IPO. The issue is a price range of ₹340 to ₹357 per Equity Share. The IPO is to be listed on BSE SME.
Sula Vineyards Limited is incorporated in 2003, the company is India’s largest wine producer and seller as of March 31, 2022. The company also distributes 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.
Sula Vineyards Limited’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 has 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 has 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 September 30, 2022. The company also has over 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants, and caterers) as of March 31, 2022.
Currently, Sula Vineyards Limited’s had a sales force of 141 permanent employees.
Sula Vineyards Limited IPO Financial Reports
| Period
Ended |
Total
Assets |
Total
Revenue |
Profit
After Tax |
Net
Worth |
Total
Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 831.04 | 523.21 | -15.94 | 299.95 | 368.24 |
| 31-Mar-21 | 751.6 | 421.53 | 3.01 | 304.74 | 301.26 |
| 30-Sep-21 | 717.55 | 160.46 | 4.53 | 344.32 | 262.45 |
| 31-Mar-22 | 758.56 | 456.7 | 52.14 | 395.26 | 228.93 |
| 30-Sep-22 | 770.95 | 225.76 | 30.51 | 449.18 | 214.64 |
| Amount in ₹ Crore | |||||
Sula Vineyards Limited IPO Date & Price Band
| IPO Open: | December 12, 2022 |
| IPO Close: | December 14, 2022 |
| IPO Size: | Approx ₹960.35 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹340 to ₹357 per Equity Share |
| IPO Listing on: | BSE NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Sula Vineyards IPO Market Lot
The Sula Vineyards IPO lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹194,922).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,994 |
| Retail (Max) | 13 | 546 | ₹194,922 |
| S-HNI (Min) | 14 | 588 | ₹209,916 |
| B-HNI (Min) | 67 | 2,814 | ₹1,004,598 |
Sula Vineyards IPO Allotment & Listing Dates
The IPO date is December 12 and the IPO close date is December 14, 2022. The IPO allotment date is December 19 and the Sula Vineyards Limited IPO listing is on December 22, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 12, 2022 |
| Closing Date | Dec 14, 2022 |
| Basis of Allotment | Dec 19, 2022 |
| Initiation of Refunds | Dec 20, 2022 |
| Credit of Shares to Demat | Dec 21, 2022 |
| Listing Date | Dec 22, 2022 |
Sula Vineyards Limited IPO Prospectus
What is the official website of Sula Vineyards Limited?
Sula Vineyards Limited IPO Official Website is https://www.sulavineyards.com/
What is the registered address of Sula Vineyards Limited?
Sula Vineyards Limited
901, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East), Mumbai 400 069 Maharashtra
Phone: +91 22 6128 0606
Email: cs@sulawines.com
Website: https://www.sulavineyards.com/
Sula Vineyards Limited IPO Company Promoter
The company promoters are Rajeev Samant.
Sula Vineyards Limited IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Sula Vineyards IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- CLSA India Private Limited
- IIFL Securities Ltd
What is Sula Vineyards Limited IPO?
Sula Vineyards IPO is a BSE SME IPO. They are going to raise ₹960.35 Crores via IPO. The issue is a price range of ₹340 to ₹357 per Equity Share. The IPO is to be listed on BSE SME.
When will Sula Vineyards IPO open?
The IPO will open for NII, QIB, and Retail Investors on December 12, 2022.
What is Sula Vineyards IPO Investors Portion?
The investors’ portion for NII is 15%, QIB is 50%, and Retail is 35%.
What is Sula Vineyards IPO Size?
The IPO size is ₹960.35 crores.
What is Sula Vineyards IPO Price Band?
The IPO Price range of ₹340 to ₹357 per equity share.
What is Sula Vineyards IPO Minimum and Maximum Lot Size?
The Sula Vineyards IPO lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹194,922).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,994 |
| Retail (Max) | 13 | 546 | ₹194,922 |
| S-HNI (Min) | 14 | 588 | ₹209,916 |
| B-HNI (Min) | 67 | 2,814 | ₹1,004,598 |
What is Sula Vineyards IPO Allotment?
The IPO allotment date is December 19, 2022.
What is Sula Vineyards IPO Listing?
The IPO listing date is December 22, 2022. The IPO to list on BSE SME.
MORE FOR YOU
