
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
Overall Subscription
2.33x
Total Demand
QIB Multiplier
4.34x
Institutions & Funds
NII / HNI
1.58x
High Net-Worth
Retail (RII)
1.73x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,123,910 | 22,240,512 | 4.34x |
| NIB | 3,842,933 | 6,088,446 | 1.58x |
| HNIs(10L +) | 2,561,955 | 4,539,066 | 1.77x |
| HNIs (2-10L) | 1,280,978 | 1,549,380 | 1.21x |
| RETAIL | 8,966,844 | 15,507,576 | 1.73x |
| Total | 21,776,620 | 49,924,980 | 2.33x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 224,171 | 387,816 | 1.73x |
| HNIs (10L +) | 1,434 | 2,266 | 1.58x |
| HNIs (2-10L) | 6,862 | 10,842 | 1.58x |
| Total Applications | 232,467 | 400,924 | 1.72x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Sula Vineyards Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹340 to ₹357 per equity share.
The retail lot size is 42 shares requiring a minimum application amount of ₹14,994. Expected listing price is ₹343 per equity share.
The Sula Vineyards Limited IPO aggregate issue size is ₹960.35 Crores with an equity price band set at ₹340 to ₹357 per equity share. The retail lot size is 42 shares requiring a minimum capital outlay of approx. ₹14,994.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.33x (Retail: 1.73x, QIB: 4.34x, NII: 1.58x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2022-12-19. Investors can verify status using PAN card or application number.
Sula Vineyards Limited shares are scheduled to list on NSE and BSE on 2022-12-22.