Sula Vineyards Initial Public Offering: Sula Vineyards Limited’s public issue will hit the primary markets on 12/12/2022. Bidding will continue until 14/12/2022. India’s largest wine seller and producer has set a price range for its equity shares at Rs340-Rs357 and aims to raise Rs960.35 million from its initial public offering (IPO). The nature issue is 100% offer for sale (OFS).
Grey market signals are dropping positive signals ahead of Sula Vineyards’ IPO opening day. Market observers believe that Sula Vineyards shares are available today at a premium price of Rs24 on grey market.
Below are important details about the IPO of Sula Vineyards:
– Sula Vineyards IIPO GMP Shares of both the seller and vine maker are available today at a premium price of Rs24 on grey market.
Sula Vineyards IPO Price Band: India’s largest wine producer has set the price range for its public offering at Rs340 to R357 per equity shares.
– Sula Vineyards’ IPO Date: The public offering will be open to bidders from 12 December 2022, and will continue until 14 December 2022.
– Sula Vineyards Initial Public Offering Size: Sula Vineyards is a wine producer and seller company that aims to raise Rs960.35 Crore, which is 100% OFS in the natural world.
– Sula Vineyards IPO Lot Size: Bidders will be able apply for the IPO by submitting lots. One lot will contain 42 shares.
– Sula Vineyards IPO Application Limit: One bidder can apply to at most one lot, while one retail investor can apply maximum for 13 lots.
– Sula Vineyards IPO Allotment Date: The tentative date of share allocation is 19th December 2022.
– Sula Vineyards’ IPO listing: A public issue is being proposed to be listed on BSE, and NSE. The tentative date for company shares listing is 22nd December 2022.
– Sula Vineyards IPO registrar KFin Technolgies Limited has been appointed official registrar for the IPO.
– Sula Vineyards IPO Review: Swastika Investmart report states that “Sula vineyards Limited” enjoys high barriers to entry in this industry. It has the largest wine distribution network in the world and the most sales. Its financial performance is also improving. The P/E value of this Issue of Sula Vineyard, 54.67, is lower than the peers. However, the issue is a full offer to sell and low promoter holdings are a concern. We recommend that high-risk investors only subscribe rating this IPO.
Canara Bank Securities gave the IPO a ‘buy’ label. They stated, “Considering the higher revenue share from high margin segments and the focus on the owned brand, the company will be able expand its margins going forward.” Its strong position within a fast-growing and high barrier segment will help it gain more sales over the long term. For listing gains, we recommend that you SUBSCRIBE.
Disclaimer: These views and recommendations are solely those of the individual analysts and broking firms and not Mint. Before making any investment decision, we recommend that investors consult certified experts.
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