The India’s largest wine producer and seller company Sula Vineyards IPO will be hit the market 12 December 2022 and closes on 14 December 2022. According to DRHP, the company wants to raise ₹960.35 crore through IPO. The company will issue only OFS of ₹960.35 crores through this IPO and will issue shares through offer for sale of 26,900,530 shares.
The company has reserved 50% for QIB, 15% for retail and 35% for NII in this IPO.
Sula Vineyards ltd is India’s largest wine producer and seller. The company are also recognized as the market leader across wine variants, including red, white and sparkling wines. Sula Shiraz Cabernet is India’s largest selling wine by value in Fiscal 2021. Sula introduced grape varietals such as Chenin blanc, Sauvignon blanc, Riesling and Zinfandel in India and is the leading player in the Indian wine industry. Check Sula Vineyards IPO GMP here.
Sula introduced grape varietals such as Chenin blanc, Sauvignon blanc, Riesling and Zinfandel in India and is the leading player in the Indian wine industry. The company business production of wine, the import of wines and spirits, and the distribution of wines and spirits (the “Wine Business”); and the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the “Wine Tourism Business”).
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The company serviced close to 8,000 hotels, restaurants and caterers, which makes us the leader in terms of footprint among wine players in India, and experienced a significant rise in our Off-trade sales in the last 3 years with our Off-trade sales contributing 72.25% of our secondary sales during Fiscal 2022, compared to 61.33% in Fiscal 2020. You can check to know Sula Vineyards IPO Subscription status here.
The company has tie-ups with distributors in Maharashtra, Haryana, Delhi, Goa and Punjab. To that end, we 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. You can check to know here Sula Vineyards IPO Allotment status here.
Object Of the Issue :
- The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Company Strengths :
- High barriers of entry
- Established market leader in the Indian wine industry with the leading brand “Sula”
- Largest wine producer in India with the widest and innovative product offering supported by an efficient production mechanism
- Largest wine distribution network and sales presence
- Secured supply of raw material with long-term contracts exclusive to Sula
- Leader and pioneer of the wine tourism business in India
- Early adoption and focus on sustainability
- Experienced Board, qualified senior management team
Sula Vineyards IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹52.14 Cr (March 2022) |
| Issue Price : | ₹357/ EQ (Cut Off) |
| EPS 2022 : | ₹6.53 (March 2022) |
| PE Ratio : | 54.67 (PE Approx) |
| RoNW : | 11.45% (March 2022) |
| NAV Value : | ₹55.34 (March 2022) |
| Total Assets : | ₹770.95 Cr (Sep 2022) |
| Market Cap : | ₹3005.90 Cr Approx |
| Promoter Holding : | 28.44% Pre Issue 27.33% Post Issue |
| Team Review : | ● Sula Vineyards is India’s largest wine producer with over 52% market share company. ● The PE ratio of the company is high. ● The company financial performance strong Boost last year. ● The GMP also Suggest 10% Premium of this IPO . ● The company cash surplus investors may consider investment for a long-term. ● The company promoter stake will decrease lower side but will hold 27.33% stake after issue which is concern. ✔ Apply For Long Term |
Sula Vineyards IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 12 December 2022 |
| IPO Close : | 14 December 2022 |
| IPO Size : | ₹960.35 Cr {26,900,530 Shares} |
| Face Value : | ₹2. Equity Share |
| Price Band : | ₹340–₹357 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹960.35 Cr {26,900,530 Shares} |
| Fresh Issue : | ₹-. Cr |
| Offer For Sale : | ₹960.35 Cr {26,900,530 Shares} |
Sula Vineyards IPO Market Lot :
Sula Vineyards IPO Minimum Market lot is 1 Lot with 42 shares with ₹14,994 Application amount. The retail investors can apply up to 13 lots with 546 Shares or ₹194,992 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 42 | ₹14,994 |
| Retail Maximum : | 13 | 546 | ₹194,922 |
| S-HNI Minimum : | 14 | 588 | ₹209,916 |
| B- HNI Minimum : | 67 | 2814 | ₹10,04,598 |
Sula Vineyards IPO Shares Offer :
A Total of 26,900,530 shares are to be bid for the public issue by Sula Vineyards IPO with – for Fresh issue and 26,900,530 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | – | ₹– |
| Offer For Sale : | 26,900,530 | ₹960.35 Cr |
| Total : | 26,900,530 | ₹960.35 Cr |
Sula Vineyards IPO Reservation :
Sula Vineyards IPO Total Reservation of 26,900,530 shares are to be bid for the public issue by Sula Vineyards IPO with 13,450,265 for QIB and 40,35,080 for NII 94,15,186 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 13,450,265 | ₹480.17 Cr |
| NII : | 15% | 40,35,080 | ₹144.05 Cr |
| RII : | 35% | 94,15,186 | ₹336.12 Cr |
| EMP : | – % | – | ₹- |
| Total : | 100% | 26,900,530 | ₹960.35 |
Sula Vineyards IPO EPS & RoNW:
The Sula Vineyards company’s EPS & RoNW growth is Increasing last year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | RoNW |
|---|---|---|
| 2022 | ₹6.53 | 11.45% |
| 2021 | ₹0.38 | 0.85% |
| 2020 | ₹2.01 | -4.60% |
Sula Vineyards IPO Peer Comparison PE :
The Sula Vineyards, According to DRHP of the company only few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Unitied Spirits Limited | 69.07 |
| 2. | Radico Khaitan Limited | 45.94 |
| 3. | United Breweries Limited | 116.82 |
Sula Vineyards IPO Dates :
Sula Vineyards IPO Date is 12 December 2022 and closes on 14 December 2022. The allotment will be finalized on 19 December 2022 and the IPO may list on 22 December 2022.
| Open Date : | 12 December 2022 |
| Close Date : | 14 December 2022 |
| Allotment Date : | 19 December 2022 |
| Refund Date : | 20 December 2022 |
| Share Credit Date : | 21 December 2022 |
| Listing Date : | 22 December 2022 |
Sula Vineyards IPO Form :
There are two ways to apply in Sula Vineyards IPO. You can apply for Sula Vineyards IPO through ASBA available in your bank account. You have to go to your online bank login and select Sula Vineyards IPO in the Invest section and apply through your bank account. Another option is you can apply for Sula Vineyards IPO through IPO form download through NSE and BSE. See the Sula Vineyards IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Sula Vineyards Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹4,567.00 | ₹3,406.29 | ₹521.39 |
| 2021 | ₹4,215.32 | ₹3,570.20 | ₹30.14 |
| 2020 | ₹5,232.11 | ₹4,727.18 | ₹159.40 |
Company Promoters :
■ Chetan Rameshchandra Desai
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Sula Vineyards IPO Lead Managers :
■ IIFL Securities Limited
■ CLSA India Private Limited
■ Kotak Mahindra Capital Company Limited
Sula Vineyards IPO Registrar :
KFin Technologies Limited
(Formerly known as KFin Technologies Private Limited)
Selenium, Tower B, Plot No 31 and 32,
Financial District, Nanakramguda,
Serilingampally Hyderabad,
Rangareddi 500 032,Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check Sula Vineyards IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Sula Vineyards Private Limited
901 Hubtown Solaris,
N.S. Phadke MargAndheri (East),
Mumbai 400 069Maharashtra, India
Telephone:+91 22 61280606, +91 22 61280607
E-mail: [email protected]
Website:www.sulavineyards.com
Sula Vineyards IPO FAQs :
What is Sula Vineyards IPO?
Sula Vineyards IPO is Mainboard IPO. They are going to raise ₹960.35 Crores via IPO. The issue is priced at ₹340-₹357 per equity share. The IPO is to be listed on NSE, BSE.
When Sula Vineyards IPO will open?
The IPO is to open on 12 Dec – 14 Dec for QIB, NII & RII.
What is Sula Vineyards IPO Size?
Sula Vineyards IPO size is ₹960.35 Crores.
What is the Fresh issue size of Sula Vineyards IPO?
The Fresh issue size of Sula Vineyards IPO ₹- Cr.
What is the Offer For Sale size of Sula Vineyards IPO?
The Offer For Sale size of Sula Vineyards IPO ₹960.35 Cr.
What is Sula Vineyards IPO Price Band?
Sula Vineyards IPO Price Band is ₹340-₹357 Per share.
What is Sula Vineyards IPO Minimum and Maximum Lot Size?
The minimum 42 Shares with ₹14,994 amount while the maximum 546 shares with ₹194,922.
What is Sula Vineyards IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Sula Vineyards IPO Allotment Date?
Sula Vineyards IPO allotment date is 19 December 2022.
What is Sula Vineyards IPO Listing Date?
Sula Vineyards IPO listing date is 22 December 2022. The IPO to list on NSE, BSE.
How to Apply the Sula Vineyards IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Sula Vineyards IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sula Vineyards IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Sula Vineyards IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sula Vineyards IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Sula Vineyards IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sula Vineyards IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Sula Vineyards IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Sula Vineyards IPO GMP: Click Here Sula Vineyards IPO Subscription: Click Here Sula Vineyards IPO Allotment: Click Here Sula Vineyards IPO Listing: Click Here |
All Sula Vineyards IPO-related links are available here. If you want to know the details then click on Click Here Link.
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