ETMarkets.com- When will the IPO of Sula Vineyards close for subscription?
The IPO of Sula Vineyards will close for subscription on Wednesday, December 14. - What is the price band for Sula Vineyards' IPO?
The price band for Sula Vineyards' IPO has been fixed at Rs 340-357 per share. - What is the issue size of Sula Vineyards' IPO?
The issue is entirely an offer for sale (OFS) of up to 2,69,00,530 equity shares with a face value of Rs 2 each amounting to Rs 960.35 crore by promoters and existing shareholders. - Who are the shareholders participating in the OFS of Sula Vineyards' IPO?
Promoter Rajeev Samant with other selling shareholders, including Cofintra SA, Haystack Investments, Saama Capital III, SWIP Holdings, Verlinvest France SA, Verlinvest SA and others, will participate in the OFS. - What is the lot size for Sula Vineyards' IPO?
Investors can subscribe to the Sula Vineyards' IPO by betting for a lot of 42 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,994. A retail bidder can bid for 13 lots or 546 shares at maximum. - What is the business profile of Sula Vineyards?
Incorporated in 2003, Sula Vineyards is India's largest wine producer and seller as of March 31, 2021. Its flagship brand 'Sula' is the 'category creator' of wine in India.The Nashik-based company also distributes wines under a bouquet of popular brands, including RASA, Dindori, The source, Satori, Madera and Dia, among others. - What do Sula Vineyards do?
The company produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Belgium-based Verlinvest has put over $70 million into the company.Sula has been backed by various private equity funds and institutional investors, including Verlinvest, Everstone Capital, Visvires, Saama Capital, and DSG Consumer Partners.The distribution platform of the company included over 47 distributors, 10 corporations, 23 licensed resellers, 7 company depots, 4 defence units and over 23,000 points of sale as of March 31, 2022. - How did Sula Vineyards perform in the last year?
For the year ended on March 31, 2022, the company reported a total revenue of Rs 456.7 crore with a net profit of Rs 52.14 crore, which was Rs 421.53 crore and Rs 3.01 crore in the year-ago period.Sula Vineyards' bottomline stood at Rs 30.51 crore with total revenue of Rs 225.76 crore for the period ended on September 30, 2022. - What is the quota reserved for retail investors in Sula Vineyards' IPO?
The quota for retail investors Uniparts India IPO is fixed at 35 per cent of the net offer. Qualified institutional buyers quota is fixed at 50 per cent while for NII the quota is reserved at 15 per cent. - When will the basis of allotment be finalized for Sula Vineyards' IPO?
The finalization of the basis of allotment is likely by December 19 and the initialisation of refunds is likely by December 20. Meanwhile, credit of shares in the Demat account is likely by December 21. - Where could we check Sula Vineyards' IPO allotment status?
Those who would bid for the issue can check the subscription status on the online portal of KFin Technologies, the registrar of the IPO.
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