Sula Vineyards Limited IPO Detail
Incorporated in 2003, Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2021. The company also distribute wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.
The company's business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the "Wine Business"); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the "Wine Tourism Business")
Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka.
The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021.
The company also have a strong direct-to-consumer ("D2C") selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,160 acres as of March 31, 2022.
The distribution platform of the company included over 47 distributors, 10 corporations, 23 licensed resellers, 7 company depots, 4 defence units, over 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers) and a sales force of more than 130 permanent employees as of March 31, 2022.
Company PromotersRajeev Samant is the company promoter.
|IPO Opening Date||Dec 12, 2022|
|IPO Closing Date||Dec 14, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|IPO Price||₹340 - 357 per equity share|
|Market Lot||42 Shares|
|Min Order Quantity||42 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹960.35 Cr|
|Offer for Sale||₹960.35 Cr|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Sula Vineyards Limited IPO open date is Dec 12, 2022, and the close date is Dec 14, 2022. The issue may list on Dec 22, 2022.
|IPO Open Date||Dec 12, 2022|
|IPO Close Date||Dec 14, 2022|
|Basis of Allotment Date||Dec 19, 2022|
|Initiation of Refunds||Dec 20, 2022|
|Credit of Shares to Demat Account||Dec 21, 2022|
|IPO Listing Date||Dec 22, 2022|
IPO Lot Size
The Sula Vineyards Limited IPO market lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹194922).
IPO Promoter Holding
|Pre Issue Share Holding||28.44%|
|Post Issue Share Holding||27.33%|
For the year/period ended (₹ in Crore)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Sula Vineyards Limited IPO Registrar:
KFin Technologies Limited
Sula Vineyards Limited IPO Lead Manager(s):
Kotak Mahindra Capital Company Limited CLSA India Private Limited IIFL Securities Ltd
Company Contact Information:
Sula Vineyards Limited
901, Hubtown Solaris, N.S. Phadke Marg, Andheri (East)