Sula Vineyards raises Rs 288 cr from anchor investors ahead of IPO
Sula Vineyards has raised Rs 288 crore from anchor investors before its initial public offering. The company has decided to allot 80,70,158 equity shares to anchor investors at Rs 357 apiece, amounting to Rs 288.10 crore.
The capital was raise from 22 investors, including BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority.
Sula Vineyards is pleased to announce that it will be going public with an initial public offering (IPO) of 26,900,532 equity shares. The IPO will be open for subscription from December 12-14, with a price band of Rs 340-357 per share. The company is expecting to raise Rs 960.35 crore at the higher end of the price band.
Sula Vineyards is the market leader in various types of wine, including red, white and sparkling wines. The company distributes its wines under a number of popular brands, such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera & Dia.
About Sula Vineyards:
Sula Vineyards is the largest wine producer in India, and it has consistently been the market leader in terms of sales and volume. It’s also the most visited vineyard, with approximately 368,000 people visiting it in 2020. Sula is the market leader across all four price segments: ‘Elite’ (INR 950+), ‘Premium’ (INR 700-950), ‘Economy’ (INR 400-700), and ‘Popular’ (INR<400).
It’s also a market leader across wine variants, including red, white, and sparkling wines. Recently, it added a new segment of Wine Tourism business, which includes vineyard resorts and tasting rooms. The resorts under “The Source at Sula” and “Beyond by Sula” brand names have room capacities of 57 and 10 respectively, and they’re located in Nasik. The tasting room named “Domaine Sula” is located in Karnataka. Additionally, Sula Vineyards hosts India’s and Asia’s largest wine music festival.
Sula Vineyards IPO Important Dates:
| Opening Date | 12 December 2022 |
| Closing Date | 14 December 2022 |
| Basis of Allotment | 19 December 2022 |
| Initiation of refunds | 20 December 2022 |
| Transfer of shares to demat accounts | 21 December 2022 |
| Listing Date | 22 December 2022 |
Sula Vineyards IPO Details
| Sula Vineyards Limited IPO Price | ₹340 to ₹357 per share |
| Lot Size | 42 Shares |
| Minimum Amount for 1 lot | ₹14,994 |
| Total IPO size | ₹960.35 crore |
| Offer for Sale | 2,69,00,530 shares |
| Listing At | BSE, NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objective of the Issue:
- The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Company Financials:
(Amount in ₹ Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 831.04 | 523.21 | -15.94 | 299.95 | 368.24 |
| 31-Mar-21 | 751.6 | 421.53 | 3.01 | 304.74 | 301.26 |
| 30-Sep-21 | 717.55 | 160.46 | 4.53 | 344.32 | 262.45 |
| 31-Mar-22 | 758.56 | 456.7 | 52.14 | 395.26 | 228.93 |
| 30-Sep-22 | 770.95 | 225.76 | 30.51 | 449.18 | 214.64 |
Cash Flow:
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 87.4 | 119.5 | 44.7 |
| Net cash from / (used in) investing activities | -56.8 | -21.7 | -44.0 |
| Net cash flow from / (used in) financing activities | -61.3 | -94.5 | 33.4 |
| Net increase (decrease) in cash and cash equivalents | -30.6 | 3.4 | 34.0 |
EPS, PE Ration, NAV:
| Earning Per Share (EPS): | ₹6.53 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.45% |
| Net Asset Value (NAV): | ₹55.34 per Equity Share |
Peer Comparison:
| Name of the Company | Total Income (in Rs. crores) | Basic EPS | CMP Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| Sula Vineyards Limited | 453.92 | 6.53 | 55.34 | NA | 11.45% |
| United Spirits Limited | 31,061.80 | 11.68 | 67.09 | 76.14 | 16.63% |
| Radico Khaitan Limited | 12,470.50 | 19.7 | 149.46 | 53.36 | 13.18% |
| United Breweries Limited | 13,123.92 | 13.82 | 148.99 | 119.83 | 9.29% |
Company Promoters:
- Rajeev Samant
IPO Registrar:
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information:
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/
Sula Vineyards Limited IPO Offer Lead Manager:
(1) Kotak Mahindra Capital Company Limited
27 BKC, C-27, G Block,
Bandra Kurla Complex,
Bandra(E), Mumbai 400051
Website: http://www.investmentbank.kotak.com/
Email: ajay.vaidya@kotak.com
Phone: +91-22-4336 0000
Fax: +91-22-6713 2445
(2) CLSA India Private Limited
8/F Dalamal House
Nariman Point
Mumbai – 400 021
Website: http://www.clsa.com
Email: investor.helpdesk@clsa.com
Phone: +91 (22) 6650 5050
Fax: +91 (22) 2284 0271
(3) IIFL Securities Ltd
Kamala City, Senapati Bapat Marg,
Lower Parel (West),
Mumbai – 400013
Website: https://www.iiflcap.com/
Email: cs@iifl.com
Phone: 022-40071000
Sula Vineyards Limited IPO GMP today
| Sula Vineyards Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹40 | – | 11% |
Sula Vineyards IPO Review:
| What our experts say about Sula Vineyards Limited IPO | Apply |
Sula Vineyards IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 4.13 |
| Non-Institutional Buyers | 1.51 |
| Retail Investors | 1.65 |
| Employees | – |
| Others | – |
| Total | 2.33 |
Sula Vineyards Limited IPO Subscription Details (times):
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 12, 2022 | 0.00 | 0.18 | 0.48 | 0.28 |
| Day 2 Dec 13, 2022 | 0.00 | 0.45 | 0.99 | 0.59 |
| Day 3 Dec 14, 2022 | 4.13 | 1.51 | 1.65 | 2.33 |
Sula Vineyards IPO Allotment Status:
| Check Sula Vineyards IPO Allotment Status | Click Here |
Sula Vineyards IPO Listing Price:
| IPO Price Band | |
| Open | |
| Low | |
| High | |
| Close |
FAQ:
When will Sula Vineyards IPO open for subscription?
Sula Vineyards IPO is set to open on 12 December 2022.
What is Sula Vineyards IPO Price Band?
Sula Vineyards Limited IPO Price Band is ₹340 to ₹357 per share.
What is the lot size of Sula Vineyards IPO?
Lot size of Sula Vineyards Limited IPO is 42 Shares per lot.
What is the issue size of Sula Vineyards IPO?
Sula Vineyards Limited IPO issue size is ₹960.35 crore.
What is the last date to apply for Sula Vineyards IPO?
Last date to apply Sula Vineyards Limited IPO is 14 December 2022.
What is the Sula Vineyards IPO Allotment Date?
Allotment Date for Sula Vineyards Limited IPO is 19 December 2022.
What is the Sula Vineyards IPO listing date?
Listing Date for Sula Vineyards Limited IPO is 22 December 2022.
Sula Vineyards IPO should I buy?
Yes, you should buy Sula Vineyards Limited IPO.
How to apply Sula Vineyards IPO through 5 Paisa?
- Login to your 5paisa account and select “Sula Vineyards IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
