Sula Vineyards IPO Date, Review, Price Band & Market Lot

Incorporated in 2003, Sula Vineyards Limited is the India’s largest wine producer and seller as of March 31, 2021. The company also distribute wines under a bouquet of popular brands including “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India.

The company’s business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the “Wine Business”); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the “Wine Tourism Business“)

Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka.

The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021.

The company also have a strong direct-to-consumer (“D2C”) selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,160 acres as of March 31, 2022.

The distribution platform of the company included over 47 distributors, 10 corporations, 23 licensed resellers, 7 company depots, 4 defence units, over 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers) and a sales force of more than 130 permanent employees as of March 31, 2022.

Sula Vineyards IPO Date & Price Band :

Sula Vineyards IPO Market Lot:

1. Shares: Minimum –shares
2. Minimum Amount: ₹-
3. Maximum Amount: ₹–

Sula Vineyards IPO Allotment & Listing:

• Basis of Allotment: Dec 19, 2022
• Refunds: Dec 20, 2022
• Credit to Demat accounts: Dec 21, 2022
• Listing: Dec 22, 2022

Sula Vineyards IPO Form Download:

You can apply in Sula Vineyards IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

Sula Vineyards Financial:

Peer Group

• –

Quick Links

 Sula Vineyards IPO DRHP

Objectives of the IPO

1. Funding capital expenditure requirements for developing an R&D facility and expansion / setting up of manufacturing facilities.
2. Funding long-term working capital requirements.
3. General corporate purposes.

Sula Vineyards IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

Sula Vineyards IPO Lead Managers:

• Kotak Mahindra Capital Company Limited 
• CLSA India Private Limited 
• IIFL Securities Ltd 

Company Address:

Sula Vineyards Limited
901, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East), Mumbai 400 069 Maharashtra
Phone: +91 22 6128 0606
Email: cs@sulawines.com
Website: https://www.sulavineyards.com/

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