Sula Vineyards IPO
Sula Vineyards Limited, Incorporated in 2003, is India’s comprehensively large wine producer and seller as of March 31, 2022. The company also distributes wines under popular brands including “RASA,” “Dindori”, “The ” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India. The company’s business is chiefly classified under two categories:
(i) the making of wine, the import of wines and spirits, and their distribution (the “Wine Business”)
(ii) the trading of services from proprietorship and potency of wine tourism locations, including vineyard resorts and tasting rooms (the “Wine Tourism Business”)
The company also has a powerful direct-to-consumer (“D2C”) selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into abiding supply arrangements (of up to 12 years) with grape growers for more or less 2,290 acres as of September 30, 2022. The company’s distribution Programme included over 50 distributors, 11 corporations, 14 licensed resellers, 7 company depots, and 3 defense units as of September 30, 2022. The company also has over 23,000 points of sale (including over 13,500 retail package touchpoints and over 9,000 hotels, restaurants, and caterers) as of March 31, 2022.
| IPO Open | Dec 12, 2022 |
| IPO Close | Dec 14, 2022 |
| IPO Price | ₹357 |
| Face Value | ₹2 |
| IPO Size | ₹960.35 Cr |
| Listing At | BSE, NSE |
| Lot Size | 42 |
Sula Vineyards IPO Details
| IPO Date | Dec 12, 2022 to Dec 14, 2022 |
| Listing Date | Thursday, December 22, 2022 |
| Face Value | ₹2 per share |
| Price | ₹340 to ₹357 per share |
| Lot Size | 42 Shares |
| Issue Size | 26,900,530 shares of ₹2(aggregating up to ₹960.35 Cr) |
| Offer for Sale | 26,900,530 shares of ₹2(aggregating up to ₹960.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Company Promoters | Rajeev Samant is the company promoter. |
Sula Vineyards IPO Listing Date
| Listing Date | Thursday, December 22, 2022 |
| BSE Script Code | 543711 |
| NSE Symbol | SULA |
| Listing In | B Group of Securities |
| ISIN | INE142Q01026 |
| IPO Price | ₹357 per share |
| Face Value | ₹2 per share |
IPO DRHP
IPO RHP
Company Contact Information
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 IPO Registrar
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
