The Sula Vineyards date has been confirmed from December 12 and ended on December 14
Check out the current Sula Vineyards IPO GMP, the IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates. The Sula Vineyards IPO GMP is now on sale because the subscription was inadequate. Stay tuned for the latest Sula Vineyards IPO GMP figures.
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Bidding Dates
December 12- 14
Price Range
₹340 to ₹357 per share
Face Value
₹2 per share
GMP
₹-15
Sula Vineyards GMP
The Sula Vineyards IPO GMP is ₹[-15].
IPO Overview
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.
Sula Vineyards IPO GMP Live Rates Day By Day With Kotak Rates
| Date | GMP | Kostak | Subject to |
| 22 December | Disc | ₹- | ₹- |
| 21 December | Disc | ₹- | ₹- |
| 20 December | Disc | ₹- | ₹- |
| 19 December | Disc | ₹- | ₹- |
| 17 December | Disc | ₹- | ₹- |
| 16 December | Disc | ₹- | ₹- |
| 15 December | Disc | ₹- | ₹- |
| 14 December | ₹10 | ₹- | ₹- |
| 13 December | ₹30 | ₹- | ₹- |
| 12 December | ₹30 | ₹- | ₹- |
Sula Vineyards IPO Date & Price Band Details
| IPO Date | December 12, 2022 to December 14, 2022 |
| Listing Date | December 22, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹340 to ₹357 per share |
| Lot Size | 42 Shares |
| Total Issue Size | 26,900,530 shares (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 |
Sula Vineyards IPO Market Lot Sizes
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 | ₹194,922 |
| S-HNI (Min) | 14 | 588 | ₹209,916 |
| S-HNI (Max) | 66 | 2,772 | ₹989,604 |
| B-HNI (Min) | 67 | 2,814 | ₹1,004,598 |
Sula Vineyards IPO Allotment & Listing Dates
Sula Vineyards IPO opens on December 12, 2022, and closes on December 14, 2022.
| IPO Open Date | Monday, December 12, 2022 |
| IPO Close Date | Wednesday, December 14, 2022 |
| Basis of Allotment | Monday, December 19, 2022 |
| Initiation of Refunds | Tuesday, December 20, 2022 |
| Credit of Shares to Demat | Wednesday, December 21, 2022 |
| Listing Date | Thursday, December 22, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 14, 2022 |
Sula Vineyards Company Financial
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-20 | 831.04 | 523.21 | -15.94 | 299.95 | 368.24 |
| 31-Mar-21 | 751.6 | 421.53 | 3.01 | 304.74 | 301.26 |
| 30-Sep-21 | 717.55 | 160.46 | 4.53 | 344.32 | 262.45 |
| 31-Mar-22 | 758.56 | 456.7 | 52.14 | 395.26 | 228.93 |
| 30-Sep-22 | 770.95 | 225.76 | 30.51 | 449.18 | 214.64 |
Sula Vineyards IPO Reservation
Sula Vineyards IPO offers 18,830,372 shares. 5,380,106 (28.57%) to QIB, 4,035,080 (21.43%) to NII, 9,415,186 (50.00%) to RII. 224,171 RIIs will receive minimum 42 shares and 2,287 (sNII) and 4,574 (bNII) will receive minimum 588 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 5,380,106 (28.57%) | NA |
| NII (HNI) Shares Offered | 4,035,080 (21.43%) | |
| bNII > ₹10L | 2,690,053 (14.29%) | 4,574 |
| sNII < ₹10L | 1,345,027 (7.14%) | 2,287 |
| Retail Shares Offered | 9,415,186 (50.00%) | 224,171 |
| Total Shares Offered | 18,830,372 (100%) |
Company Profile
Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022. Sula Vineyards Ltd is a producer and seller of wine. It distributes wines under famous brands, including RASA, Dindori, The Source, Satori, Madera, and Dia. The company’s business is broadly classified under two categories: the production of wine, the import of wines and spirits, the distribution of wines and spirits and the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms.
Sula also imports and distributes leading international wines and spirits such as Le Grand Noir, Torres, Trapiche, Hardy’s, Bouchard Aîné et Fils, Cap Royal, Cono Sur, Gruppo Italiano Vini, Beluga Vodka, Asahi and many more.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Sula Vineyards |
| Phone number | +91 22 6128 0606 |
| Email ID | cs@sulawines.com |
| Website | https://www.sulavineyards.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
