Sula Vineyards Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹340 - ₹357
- Lot size
- 42 shares
- Issue amount
- ₹960.35 cr
- Total subscription
- 2.33×
- Opens
- 12 Dec 2022
- Closes
- 14 Dec 2022
- Allotment
- 19 Dec 2022
- Listing
- 22 Dec 2022
Offer at a glance
Issue overview
- Issue size
- 2,69,00,530 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹14,280
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹960.35 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,994
- Issue type
- Bookbuilding IPO
- Shares before issue
- 8,41,98,748
- Shares after issue
- 8,41,98,748
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 42 | ₹14,994 |
| sHNI | 14 | 588 | ₹2,09,916 |
| bHNI | 67 | 2,814 | ₹10,04,598 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 182.92 | 793.99 |
| RETAIL | 320.12 | 553.62 |
| HNIs 2+ | 45.73 | 55.31 |
| HNIs 10+ | 91.46 | 162.04 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022, offering popular brands such as RASA, Dindori, The Source, Satori, Madera, Dia, and its flagship brand Sula, which is considered the category creator in the Indian wine industry. The company operates in two major segments—the Wine Business, which includes wine production, import and distribution of wines and spirits, and the Wine Tourism Business, which covers vineyard resorts and tasting rooms. Sula produces 56 wine labels across four owned and two leased facilities in Maharashtra and Karnataka, and has built the country’s largest wine distribution network with nearly 13,000 retail touchpoints in 2021. It also benefits from a strong D2C channel driven by its wine tourism centers in Nashik and Bengaluru, supported by long-term grape supply agreements covering about 2,290 acres. As of September 30, 2022, its distribution ecosystem included 50+ distributors, 11 corporations, 14 licensed resellers, 7 depots, 3 defence units, and over 23,000 points of sale, while its sales team comprised 141 permanent employees.
Promoters
Rajeev Saman
Registrar & documents
Lead manager
Kotak Mahindra Capital Company, Clsa India Private Limited, IIFL Capital Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
36, 37, 38A Floor 3, Nariman Bhavan, Backbay Reclamation, Nariman Point, Mumbai – 400021
+91 – 22 – 6179 0000
[email protected]Company website ↗Understanding SULA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.