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IPO

Sula Vineyards Ltd.

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

₹ 364.1

Current Return

-0.79%

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 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 418.16 501.08 386.96 305.91 389.97
Total Expenditure 360.66 422.73 335.7 251.97 284.55
Operating Profit 57.51 78.35 51.26 53.94 105.41
Other Income 2.89 3.1 2.62 5.78 4.58
Interest 16.8 23.76 31.43 32.26 21.33
Depreciation 14.92 19.33 34.5 25.36 22.41
Exceptional Items 0 0 0 -2.38 0
Profit Before Tax 28.67 38.37 -12.05 -0.28 66.26
Provision for Tax 10.14 18.75 -3.89 0.35 17.4
Net Profit 18.54 19.62 -8.16 -0.63 48.86
Adjusted EPS (Rs.) 0.25 0.26 -0.11 -0.01 0.62

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 14.73 15.01 15.04 15.08 15.72
Total Reserves 310.93 328.83 311.38 312.53 399.21
Borrowings 25.07 59.45 78.83 59.12 37.86
Other N/C liabilities 22.17 28.25 45.72 35.94 25.01
Current liabilities 301.47 329.78 392.13 324.53 279
Total Liabilities 674.36 761.32 843.11 747.21 756.8
Assets
Net Block 275.67 316.68 349 317.5 342.08
Capital WIP 1.22 1.76 0.12 0.11 0.98
Intangible WIP 0 0 0 0 0
Investments 20.99 26.33 26.33 21 26.99
Loans & Advances 4.99 26.82 40.19 29.67 34.51
Other N/C Assets 31.24 49.95 20.95 21.46 17.92
Current Assets 340.25 339.78 406.51 357.48 334.32
Total Assets 674.36 761.32 843.11 747.21 756.8
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 27.33 21.9
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 28.67 38.37 -12.05 -0.28 66.26
Adjustment 29.7 42.81 66.37 57.97 45.14
Changes in Assets & Liabilities -36.85 -47.66 -8.63 48.82 -17.31
Tax Paid -4.03 -15.23 -10.99 6.77 -16.6
Operating Cash Flow 17.49 18.28 34.7 113.28 77.49
Investing Cash Flow -59.2 -59.28 -43.09 -12.28 -39.15
Financing Cash Flow 39.75 29.91 40.64 -95.68 -69.32
Net Cash Flow -1.96 -11.08 32.25 5.33 -30.98
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