Sula Vineyards
CMP
484.45
-2.45 (-0.50%)
₹357
Offer Price
₹ 960.35 Cr
Issue Size
₹ 14,994
Min Investment
2.33x
Times Subscribed
42
Lot size
Time Line
-
12Dec 2022Open
-
14Dec 2022Close
-
19Dec 2022Finalisation of Basis of Allotment
-
20Dec 2022Initiation of Refunds
-
21Dec 2022Transfer of Shares to Demat Account
-
22Dec 2022Listing Date
Shares Offered
Number of Times Subscribed
Day 3
14 Dec 2022
2.33x
QIB
4.13
NIB
1.51
Retail
1.65
Employee
0.00
Day 2
13 Dec 2022
0.59x
QIB
0.00
NIB
0.45
Retail
0.99
Employee
0.00
Day 1
12 Dec 2022
0.28x
QIB
0.00
NIB
0.18
Retail
0.48
Employee
0.00
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-2021 | Mar-2022 | Mar-2023 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 417.96 (-19.90%) | 453.92 (8.60%) | 553.24 (21.90%) | |
| Gross Profit | 28.89 (64.20%) | 93.15 (222.40%) | 139.87 (50.20%) | |
| Net Income | 2.99 (119.10%) | 52.14 (1,643.80%) | 84.03 (61.20%) | |
| Assets | 629.86 (-10.40%) | 637.16 (1.20%) | 734.68 (15.30%) | |
| Liabilities | 325.77 (-19.40%) | 242.12 (-25.70%) | 202.96 (-16.20%) |
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
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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
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