SULA VINEYARDS LIMITED

SULA VINEYARDS LIMITED

SULA VINEYARDS LIMITED
listed
₹14,280Min. investment
  1. Bid start
    12 Dec
  2. Bid end
    14 Dec
  3. Allotment
    14 Dec
  4. Release of funds
    20 Dec
  5. Demat transfer
    19 Dec
  6. Listing
    22 Dec

About SULA VINEYARDS LIMITED

Price range₹340 – ₹357
IPO type
Regular
Lot size42 shares
Issue size₹960Cr
RHP/DRHP
Read

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

About Sula Vineyards   IPO

In 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:
Company NameSula Vineyards Limited Company TypePrivate
Founder's NameRajeev SamantSula Vineyards IPO Price   band₹ 340 - ₹ 357

Financial snapshot

ParticularsFY 20FY 21FY 22
Revenue₹ 521.6 crore₹ 417.9 crore₹ 453.9 crore
Net loss/profit₹ -15.9 crore₹ 3.0 crore₹ 52.1 crore
---|

Here’s a quick look at Sula Vineyards IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. A consistent market leader in the Indian wine industry with a market share of 52% in FY22
  2. A leader across all four price segments – Elite (₹950+), Premium (₹700-₹950), Economy (₹400-700) and Popular (<₹400). 
  3. Had a market share of approximately 61% in the ‘Elite’ and ‘Premium’ categories in FY22
  4. Operates in an industry with high barriers such as the nature of the product and trade barriers 
  5. Owns and operates two vineyard resorts in Nashik, Maharashtra – The Source at Sula and Beyond by Sula. Around 368,000 people visited its vineyards in FY20
  6. Has access to more than 23,000 points of sale including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers

Risks and threats

  1. Adverse climatic conditions may impact the quality of wine grapes which is a key raw material for the company
  2. Can only adjust the retail prices of its products with state governments’ approval in certain states
  3. The revenue from its top five customers (which includes state-run corporations, wholesalers and independent distributors) accounted for 37.2% in FY22
  4. Advertising of alcoholic beverage products is restricted in India
  5. Incurs high fixed cost on a recurring basis to sustain its business operations

Sula Vineyards IPO details

**** Sula Vineyards IPO date

The 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 Band

The 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 size

The 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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Sula Vineyards IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Sula Vineyards IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your allotment status will be mentioned

Open a demat account with Upstox to apply for the Sula Vineyards IPO

To 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:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
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 IPO

Applying 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.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of SULA VINEYARDS LIMITED ?

The issue size of the SULA VINEYARDS LIMITED is 960 Cr.

What is 'pre-apply' for SULA VINEYARDS LIMITED ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will SULA VINEYARDS LIMITED shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.