Sula Vineyards IPO subscription opens today: Check price band, allotment date, share price listing date NSE, BSE

Sula Vineyards IPO Date, Price Band: Sula Vineyards initial public offering (IPO) will open for subscription from today, December 12. The subscription window will end on December 14.
Sula Vineyards is a leading wine producer. It has been recognised as the market leader across wine variants, including red, white and sparkling wines.

Sula Vineyards IPO Price Band

Sula Vineyards has fixed price band of Rs 340-357 a share for its Rs 960.35 crore initial public offering (IPO).

The IPO is an offer for sale (OFS) of shares aggregating up to 26,900,532 equity shares by the promoter, investors and other shareholders. At the upper end of the price band, the public issue is expected to fetch Rs 960.35 crore.

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 as per a PTI report. 

The company has raised Rs 288.10 crore via anchor book ahead of its initial public offering.

On Friday, the company in its regulatory filing informed that 8,070,158 equity shares have been subscribed at ₹357 per share.

The capital was raised 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.

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 and HDFC MF were also among the anchor investors.

Sula Vineyards IPO Allotment Date, Subscription Status

Sula Vineyards allotment date is December 19.

Sula Vineyards IPO Listing Date NSE, BSE

Sula Vineyards listing date is December 22. Shares of Sula Vineyards  will list on both BSE and NSE.

Sula Vineyards IPO Registrar

KFin Technologies Limited is the official registrar of the public issue. The allotment status will be released online on the official website of KFin Technologies Limited -- kfintech.com

Sula Vineyards distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera & Dia.

Currently, it produces 56 different labels of wines across 13 distinct brands at its four owned and two leased production facilities located in Maharashtra and Karnataka.

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