Sula Vineyards
CMP
376.55
+2.25 (0.60%)
₹357
Offer Price
₹ 960.35 Cr
Issue Size
₹ 14,994
Min Investment
2.33x
Times Subscribed
42
Lot size
Time Line
-
12Dec 2022Open
-
14Dec 2022Close
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19Dec 2022Finalisation of Basis of Allotment
-
20Dec 2022Initiation of Refunds
-
21Dec 2022Transfer of Shares to Demat Account
-
22Dec 2022Listing Date
Shares Offered
Number of Times Subscribed
Day 3
14 Dec 2022
2.33x
QIB
4.13
NIB
1.51
Retail
1.65
Employee
0.00
Day 2
13 Dec 2022
0.59x
QIB
0.00
NIB
0.45
Retail
0.99
Employee
0.00
Day 1
12 Dec 2022
0.28x
QIB
0.00
NIB
0.18
Retail
0.48
Employee
0.00
Objects of the Offer
-
Continuous focus on its Own Brands
-
Focus on premiumization of its product portfolio
-
Increasing wine awareness and consumption, and penetrating further into Tier-1 and 2 cities in India
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Effectively use digital media to increase awareness of wine in India
-
Continue to make sustainability and climate change readiness the heart of its long term strategy
Products & Services
-
The Company is India`s largest wine producer and seller.
Strengths
-
High barriers of entry;
-
Established market leader in the Indian wine industry with the leading brand "Sula";
-
Largest wine producer in India with the widest and innovative product offering supported by an efficient production mechanism;
-
Largest wine distribution network and sales presence;
-
Secured supply of raw material with long term contracts exclusive to Sula;
Company Promoters
Promoters Holding
Issue For IPO
27.15%
Pre Holding
27.15%
Post Holding
-
Top Promoters Holding
Financials
All values in Cr
| Mar-2021 | Mar-2022 | Mar-2023 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 417.96 (-19.90%) | 453.92 (8.60%) | 553.24 (21.90%) | |
| Gross Profit | 28.89 (64.20%) | 93.15 (222.40%) | 139.87 (50.20%) | |
| Net Income | 2.99 (119.10%) | 52.14 (1,643.80%) | 84.03 (61.20%) | |
| Assets | 629.86 (-10.40%) | 637.16 (1.20%) | 734.68 (15.30%) | |
| Liabilities | 325.77 (-19.40%) | 242.12 (-25.70%) | 202.96 (-16.20%) |
Peers
| Company Name | Revenue (Cr) | Net Profit (Cr) | Assets (Cr) | Liabilities (Cr) | ROE | EPS | BVPS | Current Ratio | Debt to Assets |
|---|---|---|---|---|---|---|---|---|---|
| Sula Vineyards Ltd | 453.92 | 52.14 | 637.16 | 242.12 | 11.45 | 6.63 | 50.26 | 2.88 | 0.38 |
| United Spirits Ltd | 9,712.40 | 828.60 | 8,911.30 | 8,911.30 | 16.72 | 11.68 | 67.10 | 9.29 | 0.07 |
| Radico Khaitan Ltd | 2,868.01 | 263.23 | 2,781.19 | 2,781.19 | 12.98 | 19.70 | 151.63 | 9.46 | 0.09 |
| United Breweries Ltd | 5,838.44 | 365.46 | 5,949.31 | 5,949.31 | 9.28 | 13.82 | 148.99 | 6.14 | 0.00 |
Book Running Managers
- Kotak Mahindra Capital Company Ltd
- CLSA India Pvt Ltd
- IIFL Securities Ltd
Registrar & Transfer Agent
KFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,
Nanakramguda - Hyderabad-500032 Phone : 91-40-67162222 Fax: 91-40-23001153/23420814
Company Contact Information
901 HubTown Solaris N S Phadke,Marg Andheri East,
Mumbai - 400069 Phone : 91-22-61280606 Email : cs@sulawines.com www.sulavineyards.com
Offer Related Information
Initial public offering of 26,900,530* equity shares of face value of Rs. 2 each ("Equity Shares") of Sula Vineyards Limited ("Company" or "Issuer") for cash at a price of Rs. 357 per equity share (including a share premium of Rs. 355 per equity share) (the "Offer Price") aggregating to Rs. 960.35 crores (the "Offer for Sale" or the Offer") comprising an offer for sale of 937,203* equity shares aggregating to Rs. 33.46 crores by Rajeev Samant (the "Promoter Selling Shareholder"), 7,191,835*... More
News
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15 Dec 2022, 10:43 AM
Sula Vineyards IPO ends with decent subscription
-
14 Dec 2022, 17:38 PM
Sula Vineyards IPO subscribed 2.33 times
-
13 Dec 2022, 17:24 PM
Sula Vineyards IPO subscribed 59%
-
12 Dec 2022, 17:21 PM
Sula Vineyards IPO subscribed 28%
-
19 Jul 2022, 12:39 PM
Sula Vineyards files DRHP with Sebi for IPO
Sula Vineyards FAQ's
The shares of Sula Vineyards were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Sula Vineyards IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Sula Vineyards public issue was 125 shares.
The price band of the IPO of Sula Vineyards was Rs. 114 to Rs. 120 per equity share.
Sula Vineyards IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Sula Vineyards IPO.
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