Sula Vineyards Limited
- IPO Date12 Dec, 2022 to 14 Dec, 2022
- Listing Date22 Dec, 2022
- Face Value₹2 per share
- Issue Price₹340 to ₹357 per share
- Lot Size42 Shares
- Minimum Investment₹14,994
- Listing AtBSE, NSE
- Total Issue Size2,69,00,530 Shares
(aggregating up to ₹960.35 Cr) - Fresh Issue-
- Offer for Sale2,69,00,530 Shares
(aggregating up to ₹960.35 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
14 Dec, 2022
Initiation of Refunds
21 Dec, 2022
Listing Date
22 Dec, 2022
12 Dec, 2022
Opening Date
19 Dec, 2022
Basis of Allotment
21 Dec, 2022
Credit of Shares
Sula Vineyards Limited Lot Size
Investors can bid for a minimum of 42 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,994 |
| Retail (Max) | 13 | 546 | ₹1,94,922 |
| S-HNI (Min) | 14 | 588 | ₹2,09,916 |
| S-HNI (Max) | 66 | 2772 | ₹9,89,604 |
| B-HNI (Min) | 67 | 2814 | ₹10,04,598 |
Sula Vineyards Limited Promoter Holding
Rajeev Samant is the company promoter.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 28.44% | 27.33% |
Sula Vineyards Limited COMPANY INFORMATION
Sula Vineyards IPO is a book built issue of Rs 960.35 crores. The issue is entirely an offer for sale of 2.69 crore shares. Sula Vineyards IPO bidding started from December 12, 2022 and ended on December 14, 2022. The allotment for Sula Vineyards IPO was finalized on Monday, December 19, 2022. The shares got listed on BSE, NSE on December 22, 2022. Sula Vineyards IPO price band is set at ₹340 to ₹357 per share. The minimum lot size for an application is 42 Shares. The minimum amount of investment required by retail investors is ₹14,994. The minimum lot size investment for sNII is 14 lots (588 shares), amounting to ₹209,916, and for bNII, it is 67 lots (2,814 shares), amounting to ₹1,004,598. Kotak Mahindra Capital Company Limited, Clsa India Private Limited and Iifl Securities Ltd are the book running lead managers of the Sula Vineyards IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Sula Vineyards IPO RHP for detailed information.
Incorporated in 2003, Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2022. The company also distribute 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.
The company'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 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.
The company also have 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.
As of September 30, 2022, the company had a sales force of 141 permanent employees.
FAQs About Sula Vineyards Limited
Sula Vineyards Limited will open on 12 Dec, 2022 and close on 14 Dec, 2022. Investors must apply within this period to participate.
The Sula Vineyards Limited price band is set between ₹340.00 and ₹357.00 per share. The minimum lot size is 42, requiring an investment of at least ₹14994.00.
The Sula Vineyards Limited shares are expected to be listed on 22 Dec, 2022, subject to regulatory approvals and final allotment.
You can track your Sula Vineyards Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sula Vineyards Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.