About Sula Vineyards IPOIn 1993, Rajeev Samant quit his job in the Silicon Valley to do something on his own. His entrepreneurial journey commenced in Nashik, where he started growing a variety of grapes with an aim to produce wine. By 2000, Sula Vineyard produced its first bottle of wine. Since then, the company has grown leaps and bounds. Today, it is India’s largest wine producer and seller. Sula Shiraz Cabernet was India’s largest selling wine by value in FY21. The company’s business can be classified into two categories – the wine business (production of wine, import of wines and spirits, and the distribution of wines and spirits) and wine tourism (vineyard resorts and tasting rooms). Besides the flagship brand Sula, the company owns and operates popular brands such as RASA, Dindori, The Source, Satori, Madera and Dia. Currently, it produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Now, this company is all set to launch the Sula Vineyards IPO and hit the stock exchanges. The Sula Vineyards ltd IPO will be completely an offer for sale. Here are the key details about the Sula Vineyards IPO:
Financial snapshot
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Here’s a quick look at Sula Vineyards IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and threats
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Sula Vineyards IPO details| Sula Vineyards IPO dateThe offer document filed by the company with the SEBI mentions that the Sula Vineyards IPO’s opening date – in other words, the Sula Vineyards IPO launch date – will be on 12 December 2022. The Sula Vineyards IPO closing date is 14 December 2022. After this, investors will be updated about the allotment status on 19 December 2022. Investors, who have been allotted shares, can expect them to be credited in their demat account on 21 December 2022. The Sula Vineyards IPO listing date is 22 December 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Sula Vineyards IPO Price BandThe entire IPO is a book-built issue. The Sula Vineyards IPO price band has been set between ₹340 and ₹357 per share. Interested investors can choose a price within this band to apply for the IPO. The Sula Vineyards IPO listing price will be determined on 22 December 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. | Sula Vineyards IPO Lot sizeThe Sula Vineyards IPO details have been declared. The Sula Vineyards IPO lot size is set at 42 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (546 shares). Meanwhile, the Sula Vineyards IPO issue size is ₹960 crore. |
How to pre-apply for the Sula Vineyards IPO?You can pre-apply for the Sula Vineyards IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Sula Vineyards IPO?If you are interested in this investment opportunity but unsure how to apply for the Sula Vineyards IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Sula Vineyards IPO on Upstox:
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How to check the Sula Vineyards IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Sula Vineyards IPO. The Sula Vineyards IPO’s closing date is 14 December 2022. The Sula Vineyards IPO’s allotment date has been set five days later, on 19 December 2022. Here’s a step-by-step guide on how to check the Sula Vineyards IPO allotment status:
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Open a demat account with Upstox to apply for the Sula Vineyards IPOTo apply for the Sula Vineyards IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right? |
Upstox – trading app to apply for the Sula Vineyards IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Sula Vineyards IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Sula Vineyards IPO means applying for this public issue before it goes live. However, pre-apply for the Sula Vineyards IPO isn’t open currently.
You can pre-apply for the Sula Vineyards IPO from 11 December 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Sula Vineyards IPO opens for subscription.
The Sula Vineyards IPO launch date is 12 December 2022. The Sula Vineyards IPO will be open for subscription till 14 December 2022.
The Sula Vineyards lot size is 42 shares and the minimum investment required is ₹14,280.
The Sula Vineyards IPO price band is ₹340-₹357 per share.
The size of the Sula Vineyards IPO is ₹960 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 21 December 2022.
Sula Vineyards shares will on NSE and BSE
Sula Vineyards shares’ listing date is 22 December 2022.