Sula Vineyards IPO Allotment Date And Time, Listing Date, Sula IPO Share Price Listing NSE: Sula Vineyards IPO allotment status will be finalised soon. Sula Vineyards IPO subscription status will be released online on the official website of the registrar. Sula IPO allotment status link will be activated once the allotment is finalised by the company.
Sula Vineyards IPO Allotment Date
The likely Sula Vineyards IPO allotment date is December 19. For unsuccessful bidders, the refunds will be initiated on December 20.
Sula Vineyards IPO Allotment Status Online Check Direct Link
Sula Vineyards IPO official registrar is KFin Technologies. Sula Vineyards IPO allotment status check link is kfintech.com. Bidders can check their allotment status by just entering PAN details.
Sula Vineyards IPO allotment status will also be available on the BSE website. Bidders can check their allotment status by just entering PAN details or application numbers.
Sula Vineyards shares will be credited into the Demat accounts of successful bidders on December 22.
Sula IPO Listing Date, Sula Share Price Listing Date on NSE, BSE
Shares of Sula Vineyards will list on both the leading exchanges — NSE and BSE. Sula shares will list on December 23. The listing will take place at 10 AM while the special pre-open session will start at 9:45 AM.
Sula IPO Review By Anil Singhvi
Zee Business Managing Editor Anil Singhvi had recommended subscribing Sula IPO for the long term. He said that if investors are not subscribing issue now, then they can buy shares after the listing.
He had said that Sula Vineyard has experienced promoters and has a market share of 52 per cent. The company is the leader in the segments. He said that the company has improved financially and the margins are also getting better.
Sula IPO Details
Sula IPO got subscribed 2.33 times. The Rs 960.35-crore initial share-sale received bids for 4,38,36,912 shares against 1,88,30,372 shares on offer.
The category for Qualified Institutional Buyers (QIBs) got subscribed 4.13 times. The retail Individual Investors (RIIs) portion received 1.65 times subscription and non-institutional investors 1.51 times.
The IPO of up to 2,69,00,530 equity shares had a price range of Rs 340-357 a share.
Ahead of the IPO, the company raised Rs 288 crore from anchor investors.
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.
Sula Vineyard IPO Review by Anil Singhvi: Subscribe or avoid?
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