Sula Vineyards IPO
Sula Vineyards Limited is India’s leading wine company, spearheading the charge of Indian wine across the world. They are the largest wine producer and seller as per March 2021 data. They distribute the wine under brands like “RASA,” “Dindori“, “The source,” “Satori“, “Madera” & “Dia“. Their flagship brand is “Sula” being the “category creator” of wine in India.
Sula Vineyards IPO Details: Sula Vineyards IPO date is fixed, the IPO is to hit the market on December 12 and will close on December 14. Sula Vineyards IPO to raise around ₹960 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 26,900,530 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%
Price Band | ₹340 - ₹357 Per Share |
Lot Issue Size | 42 Shares |
Issue Size | Approx ₹960.35 Cr |
Offer for Sale | Approx ₹960.35 Cr |
Face Value | ₹2 Per Equity Share |
Listing at NSE, BSE
| IPO Open Date | November 12, 2022 |
| IPO Close Date | December 14, 2022 |
| Allotment Date | December 19, 2022 |
| Initiation of Refunds | December 20, 2022 |
| Credit Of Shares | December 21, 2022 |
| IPO Listing Date |
About Sula Vineyards IPO
Sula Vineyards is the largest market player in wine production and sales. They have been the market leader in sales volume and value, growing their market shares from 33% in 2009 in 100% grape wine to 52.6% in March 2021.
The company primarily operates in two categories – (i) wine production, import of wine and spirit, and sales and distribution of wines and spirits, and (ii) sales and services from ownership and operation of wine tourism venues.
They are a leader in all four price segments: Elite, Premium, Economy, and Popular. Sula Shiraz Cabernet, with a total billing value of Rs 918.26 million in March 2021, was the most selling Indian wine.
Sula Vineyards IPOObjectives
- • It is a 100% offer for sale IPO, and the company will not receive any proceeds from it.
Why should you invest in the Sula Vineyards IPO?
Here are your top reasons to apply for the Sula Vineyard IPO:
- The highly concentrated Indian wine industry has only a few players and a high entry barrier.
- Sula Vineyards is a pioneer in wine tourism in India, with the most visited vineyards. Around 368,000 people visited Sula Vineyards in 2020.
- The company registered a CAGR of 13.7% growth between 2011 and 2017 as one of the fastest-growing alcoholic beverage companies.
- They have several recognised brands across different wine categories.
Financial Highlights
| ₹ in Crores | |||
| Financial Year | Revenue | Expense | PAT |
| March 2020 | ₹532 | ₹473 | ₹15.94 |
| March 2021 | ₹422 | ₹357 | ₹3.01 |
| March 2022 | ₹457 | ₹341 | ₹52.14 |
₹3.01
Sula Vineyards IPO Review
- To Be Updated
Brokerage Firm IPO Review
- To be updated soon
Sula Vineyards IPO Subscription Status Today
| Category | Subscription (times) |
| QIB | 0.00 |
| NII | 0.18 |
| Retail | 0.48 |
| Total | 0.28 |
| Category | Subscription (times) |
| QIB | 0.00 |
| NII | 0.45 |
| Retail | 0.99 |
| Total | 0.59 |
| Category | Subscription (times) |
| QIB | 4.13 |
| NII | 1.51 |
| Retail | 1.65 |
| Total | 2.33 |
Sula Vineyards IPO Pros & Cons:
| PROS | CONS | |
|---|---|---|
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Sula is the largest wine producer in India, with several innovative product offerings supported by efficient production mechanisms. |
Revenue performance depending on licensing, excise regime, and tax laws might change in future with any of the above changes.
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Tight supply of raw materials with long-term contracts available exclusively to Sula Vineyard. |
Future cash inflow can be impacted if there is any change in the current import duty regime.
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They are the leader and pioneer of wine tourism in India. |
Wine and grape products are subject to climate conditions that can impact future revenue earnings.
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IPO Grey Market Premium, Latest IPO GMP
Grey Market Premium on 14-12-2022 : ₹10
How to apply for Sula Vineyards IPO
Competitive Peers
Sula Vineyards continues to face competition from listed wine companies in India. Below is an analysis of competitive peers.
| Company | Revenue From Operation | P/E | EPS |
|---|---|---|---|
| United Spirits Ltd. | 310.618.00 | 69.07 | 11.68 |
| Radico Khaitan Ltd. | 124,705.02 | 45.94 | 19.70 |
| United Breweries Ltd. | 131.239.20 | 116.82 | 13.82 |
Sula Vineyards IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail: sula.ipo@kfintech.com
Website: www.kfintech.com
Sula Vineyards IPO Allotment Status Check
- Sula Vineyards IPO allotment will be available on KFin Tech website. Click on this link to get allotment status.
Sula Vineyards IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- CLSA India Private Limited
- IIFL Securities Ltd
Company Address
SULA VINEYARDS LIMITED
901, Hubtown Solaris, N.S. Phadke Marg,
Andheri (East), Mumbai 400 069
Maharashtra, India
Phone: +91 22 6128 0606
E-mail: cs@sulawines.com
Website: www.sulavineyards.com
How to apply for Sula Vineyards IPO
Sula Vineyards IPO FAQs
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
shares will be available on Dec 19, 2022.
Log in to the Console in Zerodha Website or in the Application. Go to Portfolio and Click on IPO. You will see the IPO Name 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. Open a Demat Account with Zerodha.
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Upstox.
Log in to the Angel One Application with your credentials. Select the IPO. You will see the IPO Name Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Upstox.
