Sula Vineyards IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Sula Vineyards

CMP

513.15

-3.25 (-0.63%)

₹357

Offer Price

₹ 960.35 Cr

Issue Size

₹ 14,994

Min Investment

2.33x

Times Subscribed

42

Lot size

Time Line

  • 12
    Dec 2022
    Open
  • 14
    Dec 2022
    Close
  • 19
    Dec 2022
    Finalisation of Basis of Allotment
  • 20
    Dec 2022
    Initiation of Refunds
  • 21
    Dec 2022
    Transfer of Shares to Demat Account
  • 22
    Dec 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continuous focus on its Own Brands

  • Focus on premiumization of its product portfolio

  • Increasing wine awareness and consumption, and penetrating further into Tier-1 and 2 cities in India

  • Effectively use digital media to increase awareness of wine in India

  • Continue to make sustainability and climate change readiness the heart of its long term strategy

Products & Services

  • The Company is India`s largest wine producer and seller.

Strengths

  • High barriers of entry;

  • Established market leader in the Indian wine industry with the leading brand "Sula";

  • Largest wine producer in India with the widest and innovative product offering supported by an efficient production mechanism;

  • Largest wine distribution network and sales presence;

  • Secured supply of raw material with long term contracts exclusive to Sula;

Company Promoters

Promoters Holding

Issue For IPO
27.15%
Pre Holding

27.15%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 453.92 (8.60%) 553.24 (21.90%) 11.45 (-)
Gross Profit 453.92 (8.60%) 553.24 (21.90%) 11.45 (-)
Net Income 453.92 (8.60%) 553.24 (21.90%) 11.45 (-)
Assets 453.92 (8.60%) 553.24 (21.90%) 11.45 (-)
Liabilities 453.92 (8.60%) 553.24 (21.90%) 11.45 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sula Vineyards Ltd 453.92 52.14 637.16 242.12 11.45 6.63 50.26 2.88 0.38
United Spirits Ltd 9,712.40 828.60 8,911.30 8,911.30 16.72 11.68 67.10 9.29 0.07
Radico Khaitan Ltd 2,868.01 263.23 2,781.19 2,781.19 12.98 19.70 151.63 9.46 0.09
United Breweries Ltd 5,838.44 365.46 5,949.31 5,949.31 9.28 13.82 148.99 6.14 0.00

Book Running Managers

  • Kotak Mahindra Capital Company Ltd
  • CLSA India Pvt Ltd
  • IIFL Securities Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

901 HubTown Solaris N S Phadke,
Marg Andheri East,
Mumbai - 400069
Phone : 91-22-61280606 Email : cs@sulawines.com www.sulavineyards.com

Offer Related Information

Initial public offering of 26,900,530* equity shares of face value of Rs. 2 each ("Equity Shares") of Sula Vineyards Limited ("Company" or "Issuer") for cash at a price of Rs. 357 per equity share (including a share premium of Rs. 355 per equity share) (the "Offer Price") aggregating to Rs. 960.35 crores (the "Offer for Sale" or the Offer") comprising an offer for sale of 937,203* equity shares aggregating to Rs. 33.46 crores by Rajeev Samant (the "Promoter Selling Shareholder"), 7,191,835*... More

News

  • 15 Dec 2022, 10:43 AM

    Sula Vineyards IPO ends with decent subscription

  • 14 Dec 2022, 17:38 PM

    Sula Vineyards IPO subscribed 2.33 times

  • 13 Dec 2022, 17:24 PM

    Sula Vineyards IPO subscribed 59%

  • 12 Dec 2022, 17:21 PM

    Sula Vineyards IPO subscribed 28%

  • 19 Jul 2022, 12:39 PM

    Sula Vineyards files DRHP with Sebi for IPO

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: