Sula Vineyards Limited Incorporated in 2003, is the India’s largest wine producer and seller as of March 31, 2022. The company also distribute wines under a bouquet of popular brands including “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India.
The company’s business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the “Wine Business”); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the “Wine Tourism Business”)
Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka.
The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021.
The company also have a strong direct-to-consumer (“D2C”) selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,290 acres as of September 30, 2022.
The company’s distribution platform included over 50 distributors, 11 corporations, 14 licensed resellers, 7 company depots, and 3 defence units as of September 30, 2022. The company also has over 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers) as of March 31, 2022.
As of September 30, 2022, the company had a sales force of 141 permanent employees.
Sula Vineyards Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 12 Dec 2022 |
| IPO Close Date | 14 Dec 2022 |
| Allotment Date | 20 Dec 2022 |
| IPO Listing Date | 22 Dec 2022 |
Sula Vineyards Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 340 to Rs. 357 Per Equity Share |
| Market Lot | 42 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 960 Crore. |
Sula Vineyards Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 42 | Rs. 14994 |
| Maximum | 13 | 546 | Rs. 194922 |
| Small HNI (Minimum) | 14 | 588 | Rs. 209916 |
| Big HNI (Minimum) | 67 | 2814 | Rs. 1004598 |
Sula Vineyards Limited IPO Details Allotment Status
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Company Financials:
| Particular | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Total Assets | 758.56 | 751.60 | 831.04 |
| Total Revenue | 456.70 | 421.53 | 523.21 |
| Profit After Tax | 52.14 | 3.01 | 15.94 |
Company Promoters:
Rajeev Samant is the company promoter.
Purpose of the Issue
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://karisma.kfintech.com |
