Sula Vineyards IPO opens for subscription today: All you need to know about India's largest winemaker

A minimum of 42 equity shares in the Sula Vineyards IPO, or its multiples, can be purchased by the investors

FP Trending|Dec 09, 2022, 19:13:55 IST

The Initial Public Offering (IPO) of Sula Vineyards, India’s largest winemaker, is going to be open for subscription today, 12 December. The Rs 960 crore issue will conclude on 14 December. The face value of the Sula Vineyards IPO is Rs 2 per equity share, and it is a pure offer for sale (OFS) of up to 26,900,532 equity shares by the existing shareholders and promoters of the firm. The price band of the IPO has been set at Rs 340-357 per share by Sula Vineyards. For the Qualified Buyers (QIBs), the winemaker has reserved 50 per cent of the shares, while 15 per cent has been fixed for Non-Institutional Investors (NII). The remaining 35 per cent portion of the Sula Vineyards public issue has been set aside for retail investors.

A minimum of 42 equity shares, or their multiples, can be bought by the investors. The offloading of shares through the OFS route is being done by the company’s CEO Rajeev Samant, and investors like SWIP Holdings Limited, Verlinvest S.A, Haystack Investments Limited, Cofintra SA, and Verlinvest France S.A. Sula Vineyards is expected to begin crediting shares to the allottees on 21 December, while the stock may make its debut on the exchanges on 22 December.

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