Sula Vineyards share price listing NSE, BSE Highlights: Shares list with minor gains - Buy, Sell or hold?
Sula Vineyards IPO Listing Price, Sula Vineyards IPO Listing Date 2022, Sula Vineyards IPO Stop Loss By Anil Singhvi, Sula Vineyards Share Price NSE, BSE Highlights: The listing will take place in a special pre-open session today.
Sula Vineyards IPO Listing Price, Sula Vineyards IPO Listing Date 2022, Sula Vineyards IPO Stop Loss By Anil Singhvi, Sula Vineyards Share Price NSE, BSE Highlights: Shares of Sula Vineyards made its stock market debut today. Sula Vineyards made a flat debut with a premium of 1 per cent at NSE and a premium of 0.28 per cent on the BSE. According to Zee Business Managing Editor Anil Singhvi, long-term investors should hold the shares.
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Sula Vineyards share price listing NSE, BSE LIVE updates: Scrip slumps over 5% after positive listing
After positive listing, shares of Sula Vineyards have dipped over 5 per cent to trade at 338.60 on the NSE.
Sula Vineyards share price listing NSE, BSE LIVE updates: Scrip dips over 2%
After listing at a premium of 1 per cent, shares of Sula Vineyards have dipped around 2.69 per cent to trade at 347.40 on the NSE.
Sula Vineyards share price listing NSE, BSE LIVE updates: Weaker than expected response
Sula Vineyards shares have made weaker than expected debut. The stock got listed at Rs 361 on the National Stock Exchange (NSE) against its offer price of 357 rupees.
Sula Vineyards share price listing NSE, BSE LIVE updates: Watch Video
Sula Vineyards share price listing NSE, BSE LIVE updates: Sula Vineyards IPO listed on NSE, BSE
The stock of India’s largest wine producer, Sula Vineyards, has made its debut on NSE, and BSE. The shares list at a premium of 1.12 per cent (Rs 361) on NSE and 0.28 per cent (Rs 358) on BSE.
Sula Vineyards share price listing NSE, BSE LIVE: Subscribed 2.33 time
The initial public offer of Sula Vineyards got subscribed 2.33 times on the last day of offer. The Rs 960.35-crore initial share-sale received bids for 4,38,36,912 shares against 1,88,30,372 shares on offer, according to NSE data.
Sula Vineyards share price listing NSE, BSE LIVE: Book running lead managers
Kotak Mahindra Capital Company, CLSA India and IIFL Securities are the book running lead managers.
Sula Vineyards share price listing NSE, BSE LIVE: CEO Rajeev Samant among other offloading shares through the OFS
The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders. Those offloading shares through the OFS route are promoter, founder and CEO Rajeev Samant, and investors such as Cofintra, Haystack Investments Limited, Saama Capital III, Ltd, SWIP Holdings Limited, Verlinvest S.A and Verlinvest France SA.
Sula Vineyards share price listing NSE, BSE LIVE: List of anchor investors
BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority were among 22 investors.
ICICI Prudential Life Insurance Company, HDFC Life Insurance Company, Aditya Birla Life Insurance Company, Max Life Insurance Company, Aditya Birla Sun Life Mutual Fund (MF), SBI
MF and HDFC MF were also among the anchor investors.Sula Vineyards share price listing NSE, BSE LIVE: Company has four owned and two leased production facilities
Sula Vineyards currently produces 56 different labels of wines across 13 distinct brands. The company has four owned and two leased production facilities located in Maharashtra and Karnataka.
Sula Vineyards share price listing NSE, BSE LIVE: Price Band and Lot Size
Sula Vineyards has fixed price band of Rs 340-357 per share in the IPO and retail investors will be allowed to bid for a minimum one lot of 42 shares up to maximum of 13 lots.
Sula Vineyards share price listing NSE, BSE LIVE: Stop Loss by Anil Singhvi
Anil Singhvi said that the listing could take place below the IPO issue price of Rs 357. He suggested short term investors keep a Stop Loss at Rs 340. Long term investors can hold shares.
Sula Vineyards share price listing NSE, BSE LIVE: Some of company's Brands RASA, Dindori, The Source, Satori, Madera and Dia
The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera and Dia.
Sula Vineyards share price listing NSE, BSE LIVE: Company raised Rs 288 crore from anchor investors
Ahead of the IPO, Sula Vineyards raised Rs 288 crore from anchor investors. At the higher end of the price band, the IPO is expected to fetch Rs 960.35 crore.
Sula Vineyards share price listing NSE, BSE LIVE: Company has a positive growth
The wine producing company will have a positive growth as the alcohol segment in India is growing. Contrarian to this, he said that it is a highly regulated business which can be a problem.
Sula Vineyards share price listing NSE, BSE LIVE: Anil Singhvi recommended subscribing to the IPO
Zee Business Managing Editor Anil Singhvi had recommended subscribing the public issue for long term. He said that if investors are not subscribing to the IPO, they can buy shares after the listing.
Sula Vineyards share price listing NSE, BSE LIVE: Company plans to raise Rs 960 crore
The company is planning to raise Rs 960 crore from the IPO which is purely an offer for sale by its promoters and existing investors.
Sula Vineyards share price listing NSE, BSE LIVE: Special pre-open session at 9:45 am
The listing of Sula Vineyards shares will take place in a special pre-open session today at 9:45 am.
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