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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of SULA VINEYARDS LIMITED will open for subscription on December 12, 2022 and closes on December 14, 2022. It is expected to list on the stock exchanges on December 22, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2003, the company is India’s largest wine producer and seller as of March 31, 2022. They have been a market leader in the Indian wine industry in terms of sales volume and value (based on total revenue from operations). The company has consistently gained market share (based on total revenue from operations) from 33 percent in fiscal 2009 in the 100 percent grape wine category to 52 percent in fiscal 2022.
The company is also a market leader across all 4 price segments, ‘Elite’ (₹ 950+), ‘Premium’ (₹ 700-950), ‘Economy’ (₹ 400-700) and ‘Popular’ (<₹ 400), with a higher share of approximately 61% by val-ue in the ‘Elite’ and ‘Premium’ categories in Fiscal 2022, as compared to their overall market share of 52% in the Indian wine industry. Sula Shiraz Cabernet was India’s largest-selling wine by value in Fiscal 2021.
Currently, the company produces 56 different labels of wine at 4 owned and 2 leased production facil-ities located in the Indian states of Maharashtra and Karnataka. Their business can broadly be classi-fied into 2 categories:
Mr. Rajeev Samant
Given below are the objectives of the Company –
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
IPO Size | ₹ 960.35 Crore * |
---|---|
Offer Mix | 100% Offer For Sell |
Price Band | ₹ 340 - ₹ 357 |
Lot Size | 42 Shares (& in multiples thereof) |
Face Value | ₹ 2 |
Application Amount | Min. ₹ 14,994 (1 lot) | Max. ₹ 1,94,922 (13 lots) [at upper price band] |
Listing on | NSE & BSE |
Registrar | KFin Technologies Private Limited |
Cut-off time for UPI Mandate Confirmation | 14-December-2022 (up to 05:00 PM) |
QIB |
₹ 480.18 Crore (50% of the Issue Size) |
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NIB |
₹ 144.05 Crore (15% of the Issue Size) |
Retail |
₹ 336.12 Crore (35% of the Issue Size) |
Activity | Date |
---|---|
IPO Opens | December 12, 2022 |
IPO Closes | December 14, 2022 |
Finalization of the basis of allotment | December 19, 2022 |
Unblocking of funds / Initiation of refunds | December 20, 2022 |
Credit of equity shares to Demat accounts | December 21, 2022 |
Listing of equity shares | December 22, 2022 |
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