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IPO: India’s leading wine maker Sula Vineyards will launch its IPO on December 12.

highlights

Sula Vineyards will launch its Initial Public Offering (IPO) on 12 December.
The company has not yet announced the price band of its IPO.
The IPO is purely an OFS, so the proceeds will not go to the company.

New Delhi. India’s largest wine producer and Sula Vineyards will launch its Initial Public Offering (IPO) on 12 December. Subscription to the company’s IPO will be available till December 14. According to media reports, before the IPO, anchor investors will be allowed to bid on Sula Vineyards on 9 December. The company has not yet announced the price band of its IPO but they will announce it at the appropriate time.

According to the Red Herring prospectus, the company will offer up to 26,900,530 equity shares for sale. Since the IPO is completely OFS i.e. Offer for Sale, the income will not go to the company. The face value of equity shares in the IPO will be Rs 2 per share.

read this also – IPO: Price band fix of Abans Holdings, IPO will open for investors from December 12

This will be the account book of IPO
At the same time, let us tell you that 50 percent of the total IPO size will be allotted for bidding to qualified institutional buyers (QIBs), while 15 percent will be reserved for non-institutional investors (NIIs) and the remaining 35 percent for retail investors. will be kept for

The company is leading the market in the Indian liquor industry
Kotak Mahindra Capital Company, CLSA India and IIFL Securities are the book-running lead managers to the Sula Vineyards IPO. Whereas, Kefin Technologies is the registrar of the offer. Sula Vineyards is continuously maintaining its place in the market in the Indian wine industry.

about the company
Sula Vineyards has made remarkable progress in more than a decade. In the 100 per cent grape wine category, the company’s market share, based on revenue, grew from 33 per cent in FY09 to 52 per cent in FY20 and 52.6 per cent in FY21. Presently, the company produces 56 different labels of wines across 13 core brands at its four owned and two leased production facilities located in Maharashtra and Karnataka.

Will increase its penetration in Tier-1 and Tier-2 cities
Regarding its strategies going forward, the company said that it will continue to focus on the brands it imports and distributes. Apart from this, the company will increase its penetration in Tier-1 and Tier-2 cities of India.

Tags: business news, business news in hindi, IPO, share market

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