Sula Vineyards IPO Date, Review, Price, Allotment, Analysis

Sula Vineyards IPO

Table of Contents

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%.

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.

The company has operations in 22 states and 3 union territories. They are also selling in around 35 countries. They have six manufacturing facilities with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), and one facility in Tumakuru (Karnataka) held through our subsidiary Petunt Food Processors Private Limited to cater to the southern markets in India. They have 2 contract manufacturing units in Kolkata (West Bengal) and Mumbai. Check out Sula Vineyards IPO details.

Important Details

  • One of the leading Wine Producer in India.
  • Having good network of distributors and sellers.
  • Few of the brands of the company are “RASA,” “Dindori”, “The source,” “Satori”, “Madera” “Sula” & “Dia”.
  • Sula Vineyards raises Rs 288.10 crore via anchor book ahead of IPO

Sula Vineyards IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Anand Rathi: May Apply
  • Canara Bank: Apply
  • Capital Market: May Apply
  • Choice Equity: Apply

Sula Vineyards IPO Date & Price Band Details

IPO Open:December 12, 2022
IPO Close:December 14, 2022
IPO Size:Approx ₹960 Crores
Fresh Issue:Approx ₹[.] Crores
Offer for Sale:Approx 26,900,530 shares
Face Value:₹2 Per Equity Share
IPO Price Band:₹340 to ₹357 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Sula Vineyards IPO Market Lot

The Sula Vineyards IPO minimum market lot is 42 shares with ₹14,994 application amount. The retail investors can apply up-to 13 lots with 546 shares or ₹194,922 amount.

ApplicationLot SizeSharesAmount
Retail Minimum142₹14,994
Retail Maximum13546₹194,922
S-HNI Minimum14588₹209,916
B-HNI Minimum682856₹10,19,592

Sula Vineyards IPO Allotment & Listing Dates

The Sula Vineyards IPO date is December 12 and the close date is December 14. The Sula Vineyards IPO allotment will be finalized on December 19 and the IPO listing on December 22.

Price Band Announcement:December 7, 2022
Anchor Investors Allotment:December 9, 2022
IPO Open Date:December 12, 2022
IPO Close Date:December 14, 2022
Basis of Allotment:December 19, 2022
Refunds:December 20, 2022
Credit to Demat Account:December 21, 2022
Sula Vineyards IPO Listing Date:December 22, 2022

You can check IPO subscription status and IPO allotment status on their respective pages.

Sula Vineyards IPO Form

How to apply for the Sula Vineyards IPO? You can apply for Sula Vineyards IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sula Vineyards IPO in the Invest section. The other option is you can apply for Sula Vineyards IPO via IPO forms downloaded via NSE and BSE. Check out the Sula Vineyards forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Sula Vineyards Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2020₹532₹473₹15.94
2021₹422₹357₹3.01
2022₹457₹341₹52.14

Sula Vineyards IPO Valuation – FY2022

Check Sula Vineyards IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹6.53 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):11.45%
Net Asset Value (NAV):₹55.34 per Equity Share

Peer Group

  • Unitied Spirits Limited
  • Radico Khaitan Limited
  • United BreweriesLimited

Company Promoters

  • Rajeev Samant

Sula Vineyards IPO Registrar

KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/

Sula Vineyards IPO Allotment Status Check

Check Sula Vineyards IPO allotment status on KFintech website allotment URL. Click Here

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
Phone: +91 22 6128 0606
Email: [email protected]
Website: https://www.sulavineyards.com/

Sula Vineyards IPO FAQs

What is Sula Vineyards IPO?

Sula Vineyards IPO is a main-board IPO. They are going to raise ₹960 Crores via IPO. The issue is priced at ₹340 to ₹357 pr equity share. The IPO is to be listed on BSE & NSE.

When Sula Vineyards IPO will open?

The IPO is to open on December 12, 2022 for QIB, NII, and Retail Investors.

What is Sula Vineyards IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Sula Vineyards IPO?

You can apply for Sula Vineyards IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Sula Vineyards IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Sula Vineyards”. 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 Demat Account with Zerodha.

How to Apply the Sula Vineyards IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sula Vineyards”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Sula Vineyards IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Sula Vineyards”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Sula Vineyards IPO Size?

Sula Vineyards IPO size is ₹960 crores.

What is Sula Vineyards IPO Price Band?

Sula Vineyards IPO Price Band is ₹340 to ₹357.

What is Sula Vineyards IPO Minimum and Maximum Lot Size?

The minimum bid is 42 Shares with ₹14,994 amount while the maximum bid is 546 shares with ₹194,922.

What is the Sula Vineyards IPO Allotment Date?

Sula Vineyards IPO allotment date is December 19, 2022.

What is the Sula Vineyards IPO Listing Date?

Sula Vineyards IPO listing date is December 22, 2022. The IPO is to list on BSE and NSE.

Note: The Sula Vineyards IPO price band and date are officially announced. The IPO grey market premium (Sula Vineyards IPO Premium) will be added to the IPO grey market page as it will start).

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