
Consumer Staples · NSE / BSE
Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022, offering popular brands such as RASA, Dindori, The Source, Satori, Madera, Dia, and its flagship brand Sula, which is considered the category creator in the Indian wine industry. The company operates in two major segments—the Wine Business, which includes wine production, import and distribution of wines and spirits, and the Wine Tourism Business, which covers vineyard resorts and tasting rooms. Sula produces 56 wine labels across four owned and two leased facilities in Maharashtra and Karnataka, and has built the country’s largest wine distribution network with nearly 13,000 retail touchpoints in 2021. It also benefits from a strong D2C channel driven by its wine tourism centers in Nashik and Bengaluru, supported by long-term grape supply agreements covering about 2,290 acres. As of September 30, 2022, its distribution ecosystem included 50+ distributors, 11 corporations, 14 licensed resellers, 7 depots, 3 defence units, and over 23,000 points of sale, while its sales team comprised 141 permanent employees.
Price Band
₹340 – ₹357
Issue Size
₹960 Cr
Lot Size
42 shares
GMP
-3.9%
Est. Listing
₹343
at current GMP
Subscribed
2.33x
overall
Open
12 Dec 2022
Close
14 Dec 2022
Allotment
19 Dec 2022
Refund
20 Dec 2022
Demat Credit
21 Dec 2022
Listing
22 Dec 2022
Designated Registrar: Kfin Technologies Limited
Allotment Date
19 Dec 2022
Basis finalization
Refunds Initiate
20 Dec 2022
Mandate release
Demat Credit
21 Dec 2022
Shares in demat
Listing Debut
22 Dec 2022
Trading begins
Sula Vineyards Limited is bringing an initial public offering (IPO) in the Consumer Staples sector with an aggregate issue size of ₹960.35 Crores. The shares are offered at a price band of ₹340 to ₹357 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 42 shares (approx. ₹14,994 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-12-21, while un-allotted funds or UPI block mandates will be released on 2022-12-20.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.