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Sula Vineyards IPO
Indian winemaker Sula Vineyards has filed a prospectus with SEBI for an offer for sale IPO of 2.54 crore equity shares. The company is India’s largest wine producer and seller, with more than 50% market share in the domestic wine segment. Click here to Apply for Sula Vineyards IPO
.Opening Date
Dec 12, 2022
Closing Date
Dec 14, 2022
Price Band
₹340 to ₹357
per equity share
Issue Size
960.35 Cr
Face Value
₹2
per equity share
Market Lot
42 Shares
Opening Date
Dec 12, 2022
Closing Date
Dec 14, 2022
Price Band
₹340 to ₹357
per equity share
Issue Size
960.35 Cr
Face Value
₹2
per equity share
Market Lot
42 Shares
Listing at NSE, BSE
Sula Vineyards IPO Important Dates
| IPO Open Date | Dec 12, 2022 |
|---|---|
| IPO Close Date | Dec 14, 2022 |
| Allotment Date | Dec 19, 2022 |
| Initiation Of Refunds | Dec 20, 2022 |
| Credit Of Shares To Demat Account |
Dec 21, 2022 |
| IPO Listing Date | Dec 22, 2022 |
| UPI Mandate Expiry Date | Dec 14, 2022 |
Sula Vineyard IPO Subscription Status Today [Live]
At 05:14:00 PM.
This IPO has been subscribed 2.33x by 05:14 PM. on Day 3
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 2.32x by 04:38 PM. on Day 3
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 1.04x by 01:22 PM. on Day 3
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 1.04x by 10:48 AM. on Day 3
It is a public issue of 18,830,372 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 4.13
- (NII) Non-institutional buyers: 1.51
- (RII) Retail Individual buyers: 1.65
- Employees: [.]
- (QIB) Qualified institutional buyers: 4.13
- (NII) Non-institutional buyers: 1.51
- (RII) Retail Individual buyers: 1.63
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.70
- (NII) Non-institutional buyers: 0.82
- (RII) Retail Individual buyers: 1.32
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.51
- (RII) Retail Individual buyers: 1.13
- Employees: [.]
At 5:00:00 PM.
This IPO has been subscribed 0.59x by 5:00 PM. on Day 2
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.50x by 3:32 PM. on Day 2
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.45x by 1:42 PM. on Day 2
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.33x by 10:18 AM. on Day 2
It is a public issue of 18,830,372 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.45
- (RII) Retail Individual buyers: 0.99
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.31
- (RII) Retail Individual buyers: 0.86
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.28
- (RII) Retail Individual buyers: 0.78
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.19
- (RII) Retail Individual buyers: 0.57
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.28x by 05:00 PM. on Day 1
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.06x by 03:44 PM. on Day 1
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.06x by 01:24 PM. on Day 1
It is a public issue of 18,830,372 equity shares.
Status of Subscription
This IPO has been subscribed 0.06x by 10:58 AM. on Day 1
It is a public issue of 18,830,372 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.18
- (RII) Retail Individual buyers: 0.48
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.08
- (RII) Retail Individual buyers: 0.35
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.05
- (RII) Retail Individual buyers: 0.25
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.02
- (RII) Retail Individual buyers: 0.11
- Employees: [.]
About Sula Vineyards
Sula Vineyards is the largest market player in wine production and sales. They have been the market leader in sales volume and value, growing their market shares from 33% in 2009 in 100% grape wine to 52.6% in March 2021.
The company primarily operates in two categories - (i) wine production, import of wine and spirit, and sales and distribution of wines and spirits, and (ii) sales and services from ownership and operation of wine tourism venues.
They are a leader in all four price segments: Elite, Premium, Economy, and Popular. Sula Shiraz Cabernet, with a total billing value of Rs 918.26 million in March 2021, was the most selling Indian wine.
Sula Vineyards IPO Objectives
• It is a 100% offer for sale IPO, and the company will not receive any proceeds from it.
Why should you invest in the Sula Vineyards IPO?
Here are your top reasons to apply for the Sula Vineyard IPO:
- The highly concentrated Indian wine industry has only a few players and a high entry barrier.
- Sula Vineyards is a pioneer in wine tourism in India, with the most visited vineyards. Around 368,000 people visited Sula Vineyards in 2020.
- The company registered a CAGR of 13.7% growth between 2011 and 2017 as one of the fastest-growing alcoholic beverage companies.
- They have several recognised brands across different wine categories.
Financial Highlights
| Particulars (in Rs. Crores) | For the year/period ended (₹ in million) | FY 22 | FY 21 | FY 20 |
|---|---|---|---|
| Revenue From Operation | 4539.16 | 4,179.59 | 5,216.34 |
| EBITDA | 1,160.71 | 645.12 | 504.93 |
| EBITDA Margin (%) | 25.57 | 15.44 | 9.68 |
| Profit After Tax | 521.39 | 30.14 | (159.40) |
| EPS | 6.79 | 0.40 | (2.09) |
| ROE | 0.7 | (4.3) | |
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How to apply for Sula Vineyards IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank to a UPI id
- Register your UPI id with your Demat account
- Subscribe for Sula Vineyards IPO and approve the payment on your UPI
Demat Account
- If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.
Sula Vineyards Noteworthy Highlights:
- They have a PAN India market with a presence in 25 states and six union territories.
- Shiraz Cabernet has been the top-selling domestic wine in the 100% grape wine segment since 2016.
- Largest distribution network and sales presence.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Sula is the largest wine producer in India, with several innovative product offerings supported by efficient production mechanisms. | Revenue performance depending on licensing, excise regime, and tax laws might change in future with any of the above changes. |
| Tight supply of raw materials with long-term contracts available exclusively to Sula Vineyard. | Future cash inflow can be impacted if there is any change in the current import duty regime. |
| They are the leader and pioneer of wine tourism in India. | Wine and grape products are subject to climate conditions that can impact future revenue earnings. |
Competitive Peers
Sula Vineyards continues to face competition from listed wine companies in India. Below is an analysis of competitive peers.
| Company | Revenue From Operation (in Rs million) | P/E | EPS |
|---|---|---|---|
| United Spirits Ltd. | 310.618.00 | 69.07 | 11.68 |
| Radico Khaitan Ltd. | 124,705.02 | 45.94 | 19.70 |
| United Breweries Ltd. | 131.239.20 | 116.82 | 13.82 |
Sula Vineyards IPO FAQs
What is Sula Vineyards IPO?
Sula Vineyards is an offer for sale IPO of 2.54 crore equity shares from shareholders.
When will Sula Vineyards IPO allotment be available?
The IPO shares of Sula Vineyards will be allotted on December 19, 2022.
What will be Sula Vineyards IPO lot size?
Sula Vineyards IPO one lot will contain 42 equities.
When will Sula Vineyards IPO open for subscription?
The IPO will open on December 12, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors need to apply for a minimum of one lot.
When will Sula Vineyards list on exchanges?
The listing date for the Sula Vineyards IPO shares is fixed on December 22, 2022.
How to check the allotment status of Sula Vineyards IPO?
Existing Angel One customers must log in to their account to check Gold Plus Glass IPO allotment status.
Keep your application number, DP id, and PAN number available when checking allotment status.
Keep your application number, DP id, and PAN number available when checking allotment status.
What would be the listing gains on Sula Vineyards IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain reflects changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain reflects changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Sula Vineyards IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for the Sula Vineyards IPO?
See if you have received a payment request in the UPI portal. Login to the UPI interface and approve the payment request to complete the IPO application process.
Can I submit more than one application for the public issue of Sula Vineyards using one PAN?
No. Only one application at a time is allowed against one PAN card.
What is the minimum order quantity for Sula Vineyards IPO?
The minimum size of the application will be one lot.
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