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

Sula Vineyards Ltd. 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

₹ 414.45

Current Return

12.93%

Sula Vineyards Ltd. News

Sula Vineyards informs about disclosure12 Dec, 2:37PM Sula Vineyards informs about analyst meet 15 Nov, 5:17PM Sula Vineyards informs about newspaper advertisement13 Nov, 5:24PM Sula Vineyards - Quaterly Results12 Nov, 6:00PM Sula Vineyards - Quaterly Results12 Nov, 6:00PM Sula Vineyards informs about certificate11 Oct, 11:48AM Sula Vineyards informs about press release7 Aug, 5:25PM Sula Vineyards - Quaterly Results7 Aug, 5:06PM Sula Vineyards - Quaterly Results7 Aug, 5:06PM Sula Vineyards - Quaterly Results7 Aug, 5:06PM Sula Vineyards reports marginal rise in Own Brands sales in Q1FY2511 Jul, 10:23AM Sula Vineyards informs about certificate8 Jul, 2:42PM Sula Vineyards informs about disclosure4 Jun, 5:06PM Sula Vineyards informs about analyst meet27 May, 5:01PM Sula Vineyards informs about transcript of conference call14 May, 5:29PM Sula Vineyards reports marginal fall in Q4 consolidated net profit9 May, 2:41PM Sula Vineyards - Quaterly Results8 May, 6:30PM Sula Vineyards - Quaterly Results8 May, 6:30PM Sula Vineyards informs about compliance certificate22 Apr, 10:33AM Sula Vineyards completes acquisition of N D Wines16 Apr, 11:08AM

Company Financials

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

Company Name

Sula Vineyards Ltd.

Exchange

NSE: SULA BSE: 543711

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 386.96 305.91 389.97 492.8 548.12
Total Expenditure 335.7 251.97 284.55 337.09 380.63
Operating Profit 51.26 53.94 105.41 155.71 167.49
Other Income 2.62 5.78 4.58 5.83 10.07
Interest 31.43 32.26 21.33 19.44 23.59
Depreciation 34.5 25.36 22.41 23.84 26.81
Exceptional Items 0 -2.38 0 0 0
Profit Before Tax -12.05 -0.28 66.26 118.26 127.16
Provision for Tax -3.89 0.35 17.4 29.94 32.47
Net Profit -8.16 -0.63 48.86 88.32 94.69
Adjusted EPS (Rs.) -0.11 -0.01 0.62 1.05 1.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 15.04 15.08 15.72 16.85 16.88
Total Reserves 311.38 312.53 399.21 539.06 558.39
Borrowings 78.83 59.12 37.86 47 47.7
Other N/C liabilities 57.73 35.94 25.01 23.99 118.43
Current liabilities 392.13 337.79 308.86 320.59 357.87
Total Liabilities 855.11 760.47 786.65 947.49 1099.27
Assets
Net Block 349 317.5 342.08 394.16 416.92
Capital WIP 0.12 0.11 0.98 1.82 4.64
Intangible WIP 0 0 0 0 0
Investments 26.33 21 26.99 27.46 27.69
Loans & Advances 52.2 29.67 34.51 37.41 126.7
Other N/C Assets 20.95 34.09 17.92 31.69 50.46
Current Assets 406.51 358.1 364.17 454.95 472.86
Total Assets 855.11 760.47 786.65 947.49 1099.27
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 1.78 2.23 4.34 1.7 1.65
Profit Before Tax 31.4 55.22 18.8 19.43 9.19
Tax 7.87 14.07 5.17 4.86 1.8
Profit After Tax 23.53 41.15 13.63 14.57 7.39
Adjusted EPS (Rs) 2.79 4.88 1.61 1.73 0.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 24.66 0
Jun 2024 25.47 0
Mar 2024 26.18 0
Dec 2023 26.27 0
Sep 2023 26.27 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -12.05 -0.28 66.26 118.26 127.16
Adjustment 66.37 57.97 46.54 38.54 40.66
Changes in Assets & Liabilities -8.63 48.82 -18.71 -48.48 -15.62
Tax Paid -10.99 6.77 -16.6 -27.81 -34.31
Operating Cash Flow 34.7 113.28 77.49 80.51 117.89
Investing Cash Flow -43.09 -12.28 -39.15 -70.82 -39.9
Financing Cash Flow 40.64 -95.68 -69.32 -3.81 1.47
Net Cash Flow 32.25 5.33 -30.98 5.88 79.46
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