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

Company Financials

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

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 305.91 389.97 492.8 548.12 488.45
Total Expenditure 251.97 284.55 337.09 380.63 392.91
Operating Profit 53.94 105.41 155.71 167.49 95.54
Other Income 5.78 4.58 5.83 10.07 6.85
Interest 32.26 21.33 19.44 23.59 25.57
Depreciation 25.36 22.41 23.84 26.81 28.92
Exceptional Items -2.38 0 0 0 0
Profit Before Tax -0.28 66.26 118.26 127.16 47.9
Provision for Tax 0.35 17.4 29.94 32.47 14.5
Net Profit -0.63 48.86 88.32 94.69 33.4
Adjusted EPS (Rs.) -0.01 0.62 1.05 1.12 0.4

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 15.08 15.72 16.85 16.88 16.88
Total Reserves 312.53 399.21 539.06 558.39 557.93
Borrowings 59.12 37.86 47 47.7 57.71
Other N/C liabilities 35.94 25.01 23.99 118.43 117.7
Current liabilities 337.79 308.86 320.59 357.87 329.31
Total Liabilities 760.47 786.65 947.49 1099.27 1079.53
Assets
Net Block 317.5 342.08 394.16 416.92 438.14
Capital WIP 0.11 0.98 1.82 4.64 3.7
Intangible WIP 0 0 0 0 0.65
Investments 21 26.99 27.46 27.69 41.42
Loans & Advances 29.67 34.51 37.41 126.7 142.9
Other N/C Assets 34.09 17.92 31.69 50.46 3.47
Current Assets 358.1 364.17 454.95 472.86 449.25
Total Assets 760.47 786.65 947.49 1099.27 1079.53
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Other Income 4.34 1.7 1.65 1.72 1.78
Profit Before Tax 18.8 19.43 9.19 22.25 -2.97
Tax 5.17 4.86 1.8 5.92 1.92
Profit After Tax 13.63 14.57 7.39 16.33 -4.89
Adjusted EPS (Rs) 1.61 1.73 0.88 1.93 -0.58

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 24.66 0
Dec 2024 24.66 0
Sep 2024 24.66 0
Jun 2024 25.47 0
Mar 2024 26.18 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -0.28 66.26 118.26 127.16 47.9
Adjustment 57.97 46.54 38.54 40.66 51.54
Changes in Assets & Liabilities 48.82 -18.71 -48.48 -20.86 -21.03
Tax Paid 6.77 -16.6 -27.81 -34.31 -14.38
Operating Cash Flow 113.28 77.49 80.51 112.65 64.03
Investing Cash Flow -12.28 -39.15 -70.82 -34.66 -68.74
Financing Cash Flow -95.68 -69.32 -3.81 1.47 -85.89
Net Cash Flow 5.33 -30.98 5.88 79.46 -90.6
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