Sula Vineyards Limited initiated its business operations in 2003. The company is the largest wine producer and seller in India. It distributes its products in India under various different brand names like Didori, RASA, Madera, Satori and Dia. Its business is spread across two categories. One of them is production of wine, import of it and distribution as well. The second category includes the wine tasting venue and vineyard resorts as well i.e. Wine tourism business.
It produces wine with 56 different labels. The same is done at 6 production facilities located in Maharashtra and Karnataka. With its retail touchpoints of 13500 it has the largest distribution network among the wine companies in India. the compnay’s Wine tourism business is run in Bengaluru and Nashik. Its distribution network is spread across 50 distributors, 14 licensed resellers, 11 corporations, 7 company depots and 3 defence units. Its employee base has 141 people working for the company.
IPO DETAILS
Sula Vineyards Limited IPO is set to launch on 12 Dec., 2022. The subscription timeline extends till 14 Dec., 2022. The size for the IPO is 960.35 Crore Rs.. Shares issued through Offer For Sale are worth 960.35 Crore Rs. No Shares are issued through Fresh Issue mode. The lot size is 42 shares and the price range is 340 Rs. – 357 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 2 and this is a book built issue. The registrar for the company is KFin Technologies Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 12 Dec., 2022 |
| CLOSING DATE FOR IPO | 14 Dec., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 340 Rs. – 357 Rs. |
| LOT SIZE | 42 shares |
| MINIMUM ORDER QUANTITY | 42 shares |
| ISSUE SIZE | 960.35 Crore Rs. |
| OFFER FOR SALE | 960.35 Crore Rs. |
| FRESH ISSUE | No shares |
| LISTING AT | NSE, BSE |
| LISTING DATE | 22 Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 12 Dec., 2022 |
| CLOSING DATE FOR IPO | 14 Dec., 2022 |
| IPO ALLOTMENT DATE | 19 Dec., 2022 |
| REFUNDS | 20 Dec., 2022 |
| DEMAT A/C CREDITED ON | 21 Dec., 2022 |
| IPO LISTING DATE | 22 Dec., 2022 |
Sula Vineyards Limited IPO begins for subscription from 12 Dec., 2022. The IPO subscription would continue till 14 Dec, 2022. The allotment status for the shareholders who applied would come on 19 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 20 Dec., 2022. The DEMAT accounts of shareholders would be credited on 21 Dec., 2022. The listing of the company would be accompanied on 22 Dec., 2022.
Lead Managers
The lead managers are :
- IIFL Securities Limited
- Kotak mahindra Capital Company Limited
- CLSA India Private Limited
The minimum lot size for the company is decided at 42 shares. This holding accounts to 14994 Rs.. The maximum lot size is decided at 546 shares. This amounts to 194922 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 42 shares | 14994 Rs. |
| Maximum | 546 shares | 194922 Rs. |
OBJECTIVES FOR THE IPO
- The funds may be used for general corporate purposes.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 758 | 751 | 831 |
| Revenue | 457 | 421 | 523 |
| PAT | 52 | 3 | (-15) |
Sula Vineyards Limited has an asset base of 758 Crore Rs in 2022. It had an asset base of 831 Crore Rs in 2020 and 751 Crore Rs in 2021. Its revenue has gone down from 523 Crore Rs in 2020 to 421 Crore Rs in 2021. The same was 457 Crore Rs in 2022. The company has managed to make the first profit since 2020 in 2021 at 3 Crore Rs. The same has increased to 52 Crore Rs in 2022.
PROS
- Sula Vineyards Limited is the largest wine producer and seller in India.
- It distributes its products in India under various different brand names like Didori, RASA, Madera, Satori and Dia. It produces wine with 56 different labels.
- The same is done at 6 production facilities located in Maharashtra and Karnataka. With its retail touchpoints of 13500 it has the largest distribution network among the wine companies in India.
- Sula Vineyards Limited’s Wine tourism business is run in Bengaluru and Nashik. Its distribution network is spread across 50 distributors, 14 licensed resellers, 11 corporations, 7 company depots and 3 defence units.
CONS
- The company has a decreasing asset base and revenue over the time span of two years.
Sula Vineyards Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Sula Vineyards Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
