Objective of the Issue

Sula Vineyards IPO Details, Price, Market Lot

IPO Details
IPO Open Date12 December 2022
IPO Close Date14 December 2022
IPO Issue SizeUp to 26,900,530 Equity Shares, aggregating up to ₹ [●] million
Fresh IssueNIL
Offer for SaleUp to 26,900,530 Equity Shares, aggregating up to ₹ [●] million
Retail PortionNot less than 35% of the offer
NII PortionNot less than 15% of the offer
QIB PortionNot more than 50% of the offer
Listing AtNSE, BSE
IPO Price
Face Value₹ 2 per Equity Share
IPO Price Band₹340 to ₹357 Per Equity Share
Employee Discount
IPO Issue TypeBook Built Issue
IPO Market Lot For Retail Investor
No. of Shares Per Lot42 Equity Share
Minimum Lot Size1 Lot of 42 Equity Shares
Maximum Lot Size13 Lot of 546 Equity Shares
Minimum Amount (Cut-off price)₹14,994
Maximum Amount (Cut-off price)₹194,922
IPO Market Lot For HNI
No. of Shares Per Lot 
Minimum Lot Size 
Maximum Lot Size 
Minimum Amount (Cut-off price) 
Maximum Amount (Cut-off price) 

Sula Vineyards IPO Date, Listing Date, Allotment Date

Sula Vineyards IPO bid/offers open on 12 December  2022 and close on 14 December 2022. The basis of the allotment date is 19 December 2022, and the initiation of refunds date is 21 December 2022. Sula Vineyards IPO listing date on NSE, BSE is 22 December 2022.

Time Table (Tentative)
IPO Open Date12 December 2022
IPO Close Date14 December 2022
Basis of Allotment Date19 December 2022
Initiation of Refunds20 December 2022
Credit of Share to Demat Account21 December 2022
IPO Listing Date22 December 2022

Sula Vineyards Financial Report

YearTotal Assets
(₹ in Million)
Total Revenue
(₹ in Million)
Profit After Tax
(₹ in Million)
30 September 20227,709.512,257.593 05.06 
30 September 20217,175.471,604.6045.31 
31 March 20227,585.604,567.005 21.39 
31 March 20217,515.974,215.1230.14 
31 March 20208,310.365,231.94-159.40 

Company Promotor & Promotor’s Holding

Pre Issue Promotor Holding28.44%
Post Issue Promotor Holding23.21%

Company Address

Registered and Corporate Office: 901, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai 400 069 Maharashtra, India

  • Phone: +91 22 6128 0606
  • Email: cs@sulawines.com
  • Website: www.sulavineyards.com

Sula Vineyards IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
  • DRHP of Sula Vineyards IPO
  • RHP of Sula Vineyards IPO
IPO Registrar

KFin Technologies Limited

  • Phone: + 91 40 6716 2222
  • Email: sula.ipo@kfintech.com
  • Website: www.kfintech.com
IPO Lead Manager

Kotak Mahindra Capital Company Limited

  • Phone: +91 22 4336 0000
  • Email: sulavineyards.ipo@kotak.com
  • Website: https://investmentbank.kotak.com

CLSA India Private Limited

  • Phone: +91 22 6650 5050
  • Email: sula.ipo@clsa.com
  • Website: www.india.clsa.com

IIFL Securities Limited

  • Phone: +91 22 4646 4728
  • Email: sula.ipo@iiflcap.com
  • Website: www.iiflcap.com

Sula Vineyards IPO Review (Apply or Avoid)

Brokerage Firms Review Review
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