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SULAEQ / NSE, BSEListed
Sula Vineyards

Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022, offering popular brands such as RASA, Dindori, The Source, Satori, Madera, Dia, and its flagship brand Sula, which is considered the category creator in the Indian wine industry. The company operates in two major segments—the Wine Business, which includes wine production, import and distribution of wines and spirits, and the Wine Tourism Business, which covers vineyard resorts and tasting rooms. Sula produces 56 wine labels across four owned and two leased facilities in Maharashtra and Karnataka, and has built the country’s largest wine distribution network with nearly 13,000 retail touchpoints in 2021. It also benefits from a strong D2C channel driven by its wine tourism centers in Nashik and Bengaluru, supported by long-term grape supply agreements covering about 2,290 acres. As of September 30, 2022, its distribution ecosystem included 50+ distributors, 11 corporations, 14 licensed resellers, 7 depots, 3 defence units, and over 23,000 points of sale, while its sales team comprised 141 permanent employees.

₹340 - ₹3572.44x sub
Listed Price₹361.00
Listing Gain+1.12%

IPO Schedule & Timeline

Bookbuilding IPO
Open12 Dec 2022
Close14 Dec 2022
Allotment19 Dec 2022
Listing22 Dec 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,34,50,264 shares
50%
Nii (hni)40,35,080 shares
15%
Retail94,15,186 shares
35%

Minimum Application Lots

Retail1 Lot (42 shares)
₹14,994
sHNI14 Lots (588 shares)
₹2,09,916
bHNI67 Lots (2,814 shares)
₹10,04,598

Company Promoters

Rajeev Saman

Company Background

Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022, offering popular brands such as RASA, Dindori, The Source, Satori, Madera, Dia, and its flagship brand Sula, which is considered the category creator in the Indian wine industry. The company operates in two major segments—the Wine Business, which in...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-20)₹523.21 Cr
Growth+131.8%
Revenue Trend (₹ in Crores)
0.0200.6401.1601.7Sep-22Mar-22Sep-21Mar-21Mar-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-20523.21-15.94831.04368.24
Mar-21421.533.01751.6301.26
Sep-21160.464.53717.55262.45
Mar-22456.752.14758.56228.93
Sep-22225.7630.51770.95214.64

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
19 Dec 2022
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
22 Dec 2022

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Sula Vineyards. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Dec 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date22 Dec 2022Trading commences on exchange

How to Check Sula Vineyards Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Sula Vineyards IPO

Complete issue overview for Sula Vineyards (SULA) IPO. The issue features an equity share price band of ₹340 – ₹357 per share with a minimum retail lot size of 42 Shares (minimum application amount of ₹14,994). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions