Bookbuilding IPO | ₹960 Cr | Listed at BSE, NSE
Sula Vineyards IPO is a book build issue of ₹960.35 crores. The issue is entirely an offer for sale of 2.69 crore shares of ₹960.35 crore.
Sula Vineyards IPO bidding started from Dec 12, 2022 and ended on Dec 14, 2022. The allotment for Sula Vineyards IPO was finalized on Dec 19, 2022. The shares got listed on BSE, NSE on Dec 22, 2022.
Sula Vineyards IPO price band is set at ₹357 per share. The lot size for an application is 42. The minimum amount of investment required by an retail is ₹14,994 (42 shares) (based on upper price). The lot size investment for sNII is 14 lots (588 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (2,814 shares), amounting to ₹10,04,598.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Sula Vineyards IPO RHP for detailed Information.
IPO Open
Mon, Dec 12, 2022
IPO Close
Wed, Dec 14, 2022
Issue Price
₹357 per share
Market Cap (Pre-IPO)
₹3,005.90 Cr
| IPO Date | 12 to 14 Dec, 2022 |
| Listed on | Thu, Dec 22, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹340 to ₹357 |
| Issue Price | ₹357 per share |
| Lot Size | 42 Shares |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,69,00,530 shares (agg. up to ₹960 Cr) |
| Share Holding Pre Issue | 8,41,98,748 shares |
| Share Holding Post Issue | 8,41,98,748 shares |
| BSE Script Code / NSE Symbol | 543711 / SULA |
| ISIN | INE142Q01026 |
Sula Vineyards IPO offers total 2,69,00,530 shares. Out of which 1,34,50,264 (50.00%) allocated to QIB, 53,80,106 (20.00%) allocated to QIB (Ex- Anchor), 40,35,080 (15.00%) allocated to NII 94,15,186 (35.00%) allocated to RII and 80,70,158 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,34,50,264 (50.00%) | NA |
| − Anchor Investor Shares Offered | 80,70,158 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 53,80,106 (20.00%) | NA |
| NII (HNI) Shares Offered | 40,35,080 (15.00%) | NA |
| − bNII > ₹10L | 26,90,053 (10.00%) | 4,574 |
| − sNII < ₹10L | 13,45,027 (5.00%) | 2,287 |
| Retail Shares Offered | 94,15,186 (35.00%) | 2,24,171 |
| Total Shares Offered | 2,69,00,530 (100.00%) |
Investors can bid for a minimum of 42 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,994 |
| Retail (Max) | 13 | 546 | ₹1,94,922 |
| S-HNI (Min) | 14 | 588 | ₹2,09,916 |
| S-HNI (Max) | 66 | 2,772 | ₹9,89,604 |
| B-HNI (Min) | 67 | 2,814 | ₹10,04,598 |
Sula Vineyards IPO raises ₹288.10 crore from anchor investors. Sula Vineyards IPO Anchor bid date is December 9, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 9, 2022 |
| Shares Offered | 80,70,158 |
| Anchor Portion (₹ Cr.) | 288.10 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 18, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 19, 2023 |
Incorporated in 2003, Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2022. The company also distribute wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.
The company's business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the "Wine Business"); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the "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.
The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021.
The company also have a strong direct-to-consumer ("D2C") selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,290 acres as of September 30, 2022.
The company's distribution platform included over 50 distributors, 11 corporations, 14 licensed resellers, 7 company depots, and 3 defence units as of September 30, 2022. The company also has over 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers) as of March 31, 2022.
As of September 30, 2022, the company had a sales force of 141 permanent employees.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 770.95 | 758.56 | 717.55 | 751.60 | 831.04 |
| Total Income | 225.76 | 456.70 | 160.46 | 421.53 | 523.21 |
| Profit After Tax | 30.51 | 52.14 | 4.53 | 3.01 | -15.94 |
| NET Worth | 449.19 | 395.26 | 344.32 | 304.74 | 299.95 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | ||
| Total Borrowing | 214.64 | 228.93 | 262.45 | 301.26 | 368.24 |
| Amount in ₹ Crore | |||||
| KPI | |
|---|---|
| ROE | 13.19 |
| ROCE | 20.86 |
| Debt/Equity | 0.58 |
| RoNW | 11.45 |
| PAT Margin | 11.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.53 | |
| P/E (x) | 49.24 | |
| Promoter Holding | 28.44% | 27.33% |
| Market Cap | ₹3,005.90 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 34.00 |
| 2 | Selling commission and processing fees for SCSBs (1)(2) and Bidding Charges(3)(4)(5)(6) for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.62 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Other expenses: | |
| 5 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 3.75 |
| 6 | Printing and stationery expenses | 1.36 |
| 7 | Advertising and marketing expenses | 3.57 |
| 8 | Fees payable to the legal counsels to the Offer | 6.15 |
| 9 | Fees payable to the other advisors to the Offer# | 2.84 |
| 10 | Miscellaneous | 2.26 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹357.00 |
| Open | ₹358.00 |
| Low | ₹328.60 |
| High | ₹363.40 |
| Last Trade | ₹331.15 |
Sula Vineyards IPO is a main-board IPO of 2,69,00,530 equity shares of the face value of ₹2 aggregating up to ₹960 Crores. The issue is priced at ₹357 per share. The minimum order quantity is 42.
The IPO opens on Mon, Dec 12, 2022, and closes on Wed, Dec 14, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sula Vineyards IPO using UPI as a payment gateway. Zerodha customers can apply in Sula Vineyards IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sula Vineyards IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sula Vineyards IPO opens on Mon, Dec 12, 2022 and closes on Wed, Dec 14, 2022.
Sula Vineyards IPO lot size is 42, and the minimum amount required for application is ₹14,994.
You can apply in Sula Vineyards IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sula Vineyards IPO will be done on Monday, December 19, 2022, and the allotted shares will be credited to your demat account by Wed, Dec 21, 2022. Check the Sula Vineyards IPO allotment status.
The Sula Vineyards IPO listing date is on Thu, Dec 22, 2022.
