Sula Vineyards IPO: Sula Vineyards, the country’s largest domestic wine maker, is going to launch its IPO (Sula Vineyards IPO) next week. The IPO of Sula Vineyards will open for applications on December 12, 2022 and investors will be able to apply till December 14. Through this IPO, the company can raise Rs 950 to 1000 crore from the market. Soon the price band will also be announced.
If Sula Vineyards gets listed on the stock exchange, it will be the first wine making company in the country to be listed on the stock exchange. The IPO will open for anchor investors on December 9, 2022. And the IPO will be open to the public from 12 to 14 December. Funds are being raised in IPO through offer for sale. That is, the investors or promoters of the company will sell their equity. Sula Vineyards will issue 25,546,186 equity shares of Rs 2 each through an offer for sale.
The company has already got approval from the stock market regulator SEBI (Securities and Exchange Board of India) to bring the IPO. The company had filed a draft paper (DRHP) with SEBI to launch its IPO in July 2022. The shares of Sula Vineyards will be listed on BSE and NSE.
In 2021-22, the revenue of Sula Vineyards was Rs 453.92 crore while the profit was Rs 52.14 crore. In 2020-21, the revenue was Rs 417.96 crore and the profit was Rs 3.01 crore. 1996 The company was established. Sula Vineyards produces 56 varieties of labeled wine under 13 brand names. The company is one of the giants in the wine market. The company has four owned and two leased plants in Maharashtra and Karnataka. Two wine resorts of the company are also present in Nashik.
