Sula Vineyards, an Indian winemaker, has filed a prospectus with SEBI for an OFS Initial Public Offer of 2.54 crore equity shares. The company is India’s largest wine producer and seller, with more than 50% market share in the domestic wine segment.
Apply for Sula Vineyards IPO – Click Here
Listing at NSE, BSE
| Opening Date | Closing Date |
| Dec 12, 2022 | Dec 14, 2022 |
| Price Band | Issue Size |
| ₹340 – ₹357 per equity share | ₹960.35 Cr. |
| Face Value | Market Lot |
| ₹2 per equity share | 42 Shares |
IPO Open Date | Dec 12, 2022 |
|---|---|
IPO Close Date | Dec 14, 2022 |
Allotment Date | Dec 19, 2022 |
Initiation Of Refunds | Dec 20, 2022 |
Credit Of Shares To Demat Account | Dec 21, 2022 |
IPO Listing Date | Dec 22, 2022 |
UPI Mandate Expiry Date | Dec 14, 2022 |
About Sula Vineyards
The biggest market player in wine production and sales is Sula Vineyards. Sula Vineyards have been the market leader in sales volume and value, growing their market shares from 33% in 2009 in 100% grape wine to 52.6% in March 2021.
Sula Vineyards primarily operates in two categories –
(i) wine production, import of wine and spirit, and sales and distribution of wines and spirits,
(ii) sales and services from ownership and operation of wine tourism venues.
Sula Vineyards are a leader in all four price segments: Elite, Premium, Economy, and Popular. Sula Shiraz Cabernet, with a total billing value of Rs 918.26 million in March 2021, was selling Indian wine.
Sula Vineyards IPO Objectives
• It is a 100% offer for sale IPO, and the company will not receive any proceeds from it.
Why should you invest in the Sula Vineyards IPO?
There are the top reasons to apply for the Sula Vineyard IPO:
- The highly concentrated Indian wine industry has only a few players and a high entry barrier.
- This is a pioneer in wine tourism in India, with the most visited vineyards. Around 368,000 people visited Sula Vineyards in 2020.
- Sula Vineyards registered a CAGR of 13.7% growth between 2011 and 2017 as one of the fastest-growing alcoholic beverage companies.
- Sula Vineyards have several Recognized brands across different wine categories.
Financial Highlights
| Particulars (in Rs. Crores) | FY 22 | FY 21 | FY 20 |
| Revenue From Operation | 4539.16 | 4179.59 | 5216.34 |
| EBITDA | 1160.71 | 645.12 | 504.93 |
| EBITDA Margin (%) | 25.57 | 15.44 | 9.68 |
| Profit After Tax | 521.39 | 30.14 | (159.40) |
| EPS | 6.79 | 0.40 | (2.09) |
| Return on Equity Ratio (ROE) | 0.7 | (4.3) |
How to apply for Sula Vineyards IPO?
Click here if you’re a new investor, Open a DEMAT Account for free with Thrilling Securities and begin the trading process.
Sula Vineyards Noteworthy Highlights:
- They Have a PAN India market with a presence in 25 states and six union territories.
- Shiraz Cabernet has been the top-selling domestic wine in the 100% grape wine segment since 2016.
- Largest distribution network and sales presence.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Sula is the largest wine producer in India, with several innovative product offerings supported by efficient production mechanisms. | Revenue performance depending on licensing, excise regime, and tax laws might change in future with any of the above changes. |
| Tight supply of raw materials with long-term contracts available exclusively to Sula Vineyard. | Future cash inflow can be impacted if there is any change in the current import duty regime. |
| They are the leader and pioneer of wine tourism in India. | Wine and grape products are subject to climate conditions that can impact future revenue earnings. |
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