December seems to be great for the IPO market. The third one in the row Sula Vineyard, intends to raise ₹960.35 Cr from the issue size of 26,900,530 shares of ₹2.
began its IPO subscription on 12 December and is closing today, i.e., 14th December
Sula Vineyards Limited, a 2003 incorporation, will be the largest wine producer and distributor in India as of March 31st, 2022. The company also sells wine under a variety of well-known brands, including “Sula,” which is the “category inventor” of wine in India, as well as “RASA,” “Dindori,” “The Source,” “Satori,” “Madera,” and “Dia.”
In the Indian states of Maharashtra and Karnataka, the company currently employs four owned and two leased production facilities to manufacture 56 different wine labels.
With around 13,000 retail touchpoints nationwide in 2021, the company will have built the greatest distribution network among wine companies in India.
Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka.
The company has managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021.
Status of IPO in the Market
On Tuesday, the second day of subscriptions, 59% of Sula Vineyards’ Initial Public Offering was taken up.
On Day 3 of the bidding, 67 percent of Sula Vineyards’ Initial Public Offering (IPO) had been subscribed. In all, 1,25,28,768 shares were offered in the offering, which had a 1,88,30,372 share cap.
Should I apply or not?
From company reports and the rate of subscription of the IPO among the public. It can be concluded that this IPO has a very high chance of opening at the time allotment at a much higher rate as the company prospects show the chances of growth of the company are huge. So, don’t waste any further minutes,
As it is the last day, do not miss out on your chance. After reading this article, rush straight to the Shoonya App and apply for Sula Vineyard IPO.