Sula Vineyards Ltd. IPO

The company's business can be 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”).

RHP
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DRHP
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Open Date

2022-12-12

Close Date

2022-12-14

IPO Details

Check out the issue details for Sula Vineyards Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 367

Price Band

₹ 340 - 357

Issue Size

960.35 Cr.

Issue Type

Book Built

Open

2022-12-12

Close

2022-12-14

Listingprice

₹ 361

ListingGain

-1.63%

Listing Date

2022-12-22

CMP

₹ 559.8

Current Return

52.53%

Company Financials

You can get the following financial statements of Sula Vineyards Ltd. as of now.

Subscription Details

The details about the Sula Vineyards ltd IPO is as:

  • The issue size of the IPO is 960.35 Cr.
  • The price band for Sula Vineyards ltd IPO is Rs 340 to Rs 357.
  • The shares of Sula Vineyards ltd IPO will list on 22nd December 2022.
  • The latest tentative GMP of Sula Vineyards ltd IPO is Rs 10.
  • The shares of Sula Vineyards IPO is subscribed 2.33 Times as of 14th December 2022. 

 

Sula Vineyards IPO Valuation

The approx valuation of Sula Vineyards ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 357
Existing Shares (Qty) 8.41 Cr
Market Cap 3002.37 Cr
EPS (FY22) Rs 6.53
PE Ratio 54.67x
Industry PE 83.11x

 

Sula Vineyards IPO Issue Size

Sula Vineyards ltd IPO issue size is 960.35.

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 960.35 Cr

 

Sula Vineyards IPO Market Lot

An Individual can apply for a minimum 1 lot of 42 shares and a maximum of 13 lots of 546 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 42 Rs 14,994
 Maximum 13 546 Rs 1,94,922

 

Sula Vineyards IPO Offer

The shares of Sula Vineyards IPO is subscribed 2.33 Times as of 14th December 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 4.13 Times
Non-Institutional Minimum 15% 1.51 Times
Retail Individual Minimum 35% 1.65 Times
Total   2.33 Times

 

Sula Vineyards Ltd IPO Grey Market Premium

As on GMP (Tentative)
9 December 2022 Rs 40
10 December 2022 Rs 40
11 December 2022 Rs 40
12 December 2022 Rs 30
13 December 2022 Rs 30
14 December 2022 Rs 10

Sula Vineyards IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Sula Vineyards Ltd IPO:

Schedule Date
Basis of Allotment 19 December 2022
Refunds 20 December 2022
Credit to Demat Account 21 December 2022
IPO Listing Date 22 December 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 501.08 386.96 305.91 389.97 492.8
Total Expenditure 422.73 335.7 251.97 284.55 337.08
Operating Profit 78.35 51.26 53.94 105.41 155.71
Other Income 3.1 2.62 5.78 4.58 5.83
Interest 23.76 31.43 32.26 21.33 19.44
Depreciation 19.33 34.5 25.36 22.41 23.84
Exceptional Items 0 0 -2.38 0 0
Profit Before Tax 38.37 -12.05 -0.28 66.26 118.26
Provision for Tax 18.75 -3.89 0.35 17.4 29.95
Net Profit 19.62 -8.16 -0.63 48.86 88.32
Adjusted EPS (Rs.) 0.26 -0.11 -0.01 0.62 1.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 15.01 15.04 15.08 15.72 16.85
Total Reserves 328.83 311.38 312.53 399.21 539.06
Borrowings 59.45 78.83 59.12 37.86 47
Other N/C liabilities 28.25 45.72 35.94 25.01 23.77
Current liabilities 329.78 392.13 324.53 308.86 320.81
Total Liabilities 761.32 843.11 747.21 786.65 947.49
Assets
Net Block 316.68 349 317.5 342.08 394.16
Capital WIP 1.76 0.12 0.11 0.98 1.82
Intangible WIP 0 0 0 0 0
Investments 26.33 26.33 21 26.99 27.46
Loans & Advances 26.82 40.19 29.67 34.51 37.42
Other N/C Assets 49.95 20.95 21.46 17.92 31.69
Current Assets 339.78 406.51 357.48 364.17 454.95
Total Assets 761.32 843.11 747.21 786.65 947.49
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 1.65 1.61 1.72 1.78 2.23
Profit Before Tax 52.59 22.4 21.74 31.4 55.22
Tax 13.36 5.84 5.36 7.87 14.07
Profit After Tax 39.23 16.56 16.38 23.53 41.15
Adjusted EPS (Rs) 4.66 1.97 1.94 2.79 4.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 26.27 0
Sep 2023 26.27 0
Jun 2023 27.27 9.56
Mar 2023 27.33 9.56
Dec 2022 27.33 21.9
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 38.37 -12.05 -0.28 66.26 118.26
Adjustment 42.81 66.37 57.97 46.54 38.7
Changes in Assets & Liabilities -47.66 -8.63 48.82 -18.71 -50.34
Tax Paid -15.23 -10.99 6.77 -16.6 -27.81
Operating Cash Flow 18.28 34.7 113.28 77.49 78.81
Investing Cash Flow -59.28 -43.09 -12.28 -39.15 -69.12
Financing Cash Flow 29.91 40.64 -95.68 -69.32 -3.82
Net Cash Flow -11.08 32.25 5.33 -30.98 5.88
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