Sula Vineyards IPO description – The company is India’s largest wine producer and seller as of March 31, 2021. 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% market share by value in the domestic 100% grapes wine market in Fiscal 2012. It has consistently gained market share (on the basis of its total revenue from operations) from 33% in Fiscal 2009 in 100% grapes wine category to 52% in value in Fiscal 2020 and further increased to 52.6% in Fiscal 2021.
Its business operates under two categories:
(i) The production of wine, the import of wines and spirits, and the distribution of wines and spirits (“Wine Business”) and
(ii) The sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (“Wine Tourism Business”)
Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka. It serviced close to 8,000 hotels, restaurants and caterers and experienced a significant rise in Off-trade sales in the last 3 years with Off-trade sales contributing 72.25% of secondary sales during Fiscal 2022, compared to 61.33% in Fiscal 2020.
Sula Vineyards has build a large distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021. It also has a strong direct to consumer (D2C) selling channel primarily through Wine Tourism Business facilities in Nashik and Bengaluru, with the highest number of D2C sales in the Indian wine industry in Fiscal 2021.
Promoters of Sula Vineyards Industries – Rajeev Samant
Sula Vineyards IPO Details
| Sula Vineyards IPO Dates | 12 – 14 December 2022 |
| Sula Vineyards IPO Price | INR 340 – 357 per share |
| Fresh issue | NIL |
| Offer For Sale | 26,900,530 shares (INR 960.35 crore) |
| Total IPO size | 26,900,530 shares (INR 960.35 crore) |
| Minimum bid (lot size) | 42 shares (INR 14,994) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Sula Vineyards Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 523.21 | 421.53 | 456.70 | 225.76 |
| Expenses | 472.72 | 357.02 | 340.63 | 161.45 |
| Net income | (15.94) | 3.01 | 52.14 | 30.51 |
| Margin (%) | (3.06) | 0.72 | 11.49 | 13.51 |
Sula Vineyards Offer News
Sula Vineyards Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (2.01) | 0.38 | 6.53 |
| PE ratio | – | – | 52.07 – 54.67 |
| RONW (%) | (4.60) | 0.85 | 11.45 |
| NAV | 9.68 | 15.44 | 55.34 |
| ROCE (%) | 4.09 | 10.67 | 20.86 |
| EBITDA (%) | 9.68 | 15.44 | 25.57 |
| Debt/Equity | 1.23 | 0.99 | 0.58 |
Sula Vineyards IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 21 Dec 2022 | (12) | – | – |
| 20 Dec 2022 | (10) | – | – |
| 19 Dec 2022 | (5) | – | – |
| 17 Dec 2022 | (5) | – | – |
| 16 Dec 2022 | (5) | – | – |
| 15 Dec 2022 | 10 | 200 | 350 |
| 14 Dec 2022 | 25 | 300 | 650 |
| 13 Dec 2022 | 25 | 300 | 650 |
| 12 Dec 2022 | 35 | 350 | 700 |
| 10 Dec 2022 | 35 | – | – |
| 9 Dec 2022 | 40 | – | – |
| 8 Dec 2022 | 50 | – | – |
| 7 Dec 2022 | 70 | – | – |
| 6 Dec 2022 | 65 | – | – |
| 5 Dec 2022 | 60 | – | – |
Sula Vineyards IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 53,80,106 | 40,35,080 | 94,15,186 | 1,88,30,372 |
| 14 Dec 2022 | 4.13 | 1.51 | 1.65 | 2.33 |
| 13 Dec 2022 | 0.00 | 0.45 | 0.99 | 0.59 |
| 12 Dec 2022 | 0.00 | 0.18 | 0.48 | 0.28 |
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Sula Vineyards Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Sula Vineyards Contact Details
SULA VINEYARDS LIMITED
901, Hubtown Solaris, N.S. Phadke Marg,
Andheri (East), Mumbai 400 069
Maharashtra, India
Phone: +91 22 6128 0606
E-mail: [email protected]
Website: www.sulavineyards.com
Sula Vineyards IPO Allotment Status
Sula Vineyards IPO allotment status is now available on KFin Tech website. Click on this link to get allotment status.
Sula Vineyards IPO Dates & Listing Performance
| Sula Vineyards IPO Opening Date | 12 December 2022 |
| Sula Vineyards IPO Closing Date | 14 December 2022 |
| Finalisation of Basis of Allotment | 19 December 2022 |
| Initiation of refunds | 20 December 2022 |
| Transfer of shares to demat accounts | 21 December 2022 |
| Sula Vineyards IPO Listing Date | 22 December 2022 |
| Opening Price on NSE | INR 361 per share (up 1.12%) |
| Closing Price on NSE | INR 329.9 per share (down 7.59%) |
Sula Vineyards IPO FAQs
How many shares in Sula Vineyards IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Sula Vineyards Public Offer?
The best way to apply in Sula Vineyards public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Sula Vineyards IPO GMP today?
Sula Vineyards IPO GMP today is a discount of INR 12 per share.
What is Sula Vineyards kostak rate today?
Sula Vineyards kostak rate today is INR NA per application.
What is Sula Vineyards Subject to Sauda rate today?
Sula Vineyards Subject to Sauda rate today is INR NA per application.
Sujeet,
Thanks for the news and content. However there’s a slightly mistake in financial performance table. The figures represent rs. in millions and not in crores.
Eg. The net income for FY 2022 is rs. 521.39 millions which is rs. 52.139 crores.
Dear Aayush,
Thanks for your valuable comments. The same has been reviewed and corrected.