Sula Vineyards Limited IPO Details: IPO Open 12 to 14 Dec 2022, Know All About This IPO.
About The Company
The Company was incorporated as “Nashik Vintners Limited” as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC”)on February 26, 2003. The Company was granted the certificate for commencement of business on March 6, 2003 by the RoC. The name of The Company was changed to “Nashik Vintners Private Limited”, pursuant to a fresh certificate of incorporation consequent on change of name issued by the RoC on January 24, 2006.
Subsequently, the name of The Company was changed to “Sula Vineyards Private Limited”, pursuant to a certificate of incorporation pursuant to change of name issued by the RoC on August11, 2014. On the conversion of The Company to a public limited company, pursuant to a resolution passed by our Shareholders on December 27, 2021, our name was changed to “Sula Vineyards Limited” and a fresh certificate of incorporation was issued by the RoC on February 11, 2022. For details of the change in registered office of The Company, see “History and Certain Corporate Matters” beginning on page 234
Company Business
Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022. It has been a consistent market leader in the Indian wine industry in terms of sales volume and value (on the basis of the total revenue from operations) since Fiscal 2009 crossing 50 per cent. market share by value in the domestic 100 per cent. grapes wine market in Fiscal 2012. It has consistently gained market share (on the basis of our total revenue from operations) from 33 per cent. In Fiscal 2009 in 100 per cent. grapes wine category to 52 per cent. in value in Fiscal 2022.
Founded: 2003
Company Promoters & Managing Director of the Company
Promoters: Rajeev Samant
Managing Director: Rajeev Samant
Sula Vineyards Limited IPO Details
| Issue Amount | Upto Rs 960.35 Crores |
| IPO Open Date | Dec 12, 2022 to Dec 14, 2022 |
| Face Value | Rs 2 Per Share |
| Price Band | Rs 340 to 357 |
| Lot Size | 42 Shares |
| Offer for Sale | Up to 2,69,00,530 Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | KFin Technology Private Limited |
Sula Vineyards Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 12 December 2022 |
| IPO Close Date | 14 December 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 19 December 2022 |
| Initiation of Refunds | 20 December 2022 |
| Credit of Shares to Demat Account | 21 December 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 22 December 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
(i) to carry out the Offer for Sale of up to 2,69,00,530 Equity Shares, aggregating up to ₹ [●]million by the Selling Shareholders; and
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | 759 | 752 | 831 |
| Total Revenue | 457 | 422 | 523 |
| Net Profit & Loss For The Period After Tax | 52 | 3 | -16 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Sula Vineyards Limited IPO Issue Amount?
Issue Amount : Upto Rs 960.35 Crore.
What is Sula Vineyards Limited IPO?
IPO is a main-board IPO. They are going to raise ₹ 960.35 Crores via IPO. The issue is priced at ₹ 340 to ₹ 357per equity share. The IPO is to be listed on BSE & NSE.
Sula Vineyards Limited IPO Open?
Monday, 12 December 2022 to Wednesday 14 December 2022.
Sula Vineyards Limited IPO Will Open?
The IPO is to open on 12 December 2022 for QIB, NII, and Retail Investors.
The Sula Vineyards IPO Promoter Holding
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Address & Contact Info.
Corporate Identity Number: U15549MH2003PLC139352
Registered and Corporate Office: 901,Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai 400 069 Maharashtra, India Contact Person: Ruchi Sathe, Company Secretary and Compliance Officer;
Tel: +91 22 6128 0606 E-mail: cs@sulawines.com;
Website: www.sulavineyards.com
Sula Vineyards Limited IPO Registrar
KFin Technologies Limited
(Formerly known as KFin Technologies Private Limited)
Selenium, Tower B,Plot No 31 and 32, Financial District,Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032,Telangana, IndiaTel: +91 40 6716 2222
E-mail: sula.ipo@kfintech.com Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M Murali Krishna
SEBI registration No.: INR000000221
How to apply on Zerodha, Sula Vineyards Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Sula Vineyards Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Sula Vineyards Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Sula Vineyards Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
Sula Vineyards Limited Logo, Sula Vineyards Logo
What is Sula Vineyards IPO Expected Returns?
Sula Vineyards IPO Expected Returns is11%.
What is Sula Vineyards IPO GMP Today?
Sula Vineyards IPO GMP is ₹40 as of today.