Sula Vineyards IPO: Check live subscription details

12 Dec 2022 , 12:05 PM

India’s largest wine producer, Sula Vineyards IPO opens for subscription on December 12. The company has fixed price band of Rs 340-357 a share for its Rs 960.35 crore initial public offering (IPO).

In the first two hours of opening of subscription the IPO is subscribed times by 12:00 PM. Check the details of subscription of the IPO in the table below:

Sula Vineyards IPO	No. of shares reserved	No. of bids received	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	53,80,106	–	0.00
Non Institutional Investors(NIIs)	40,35,080	1,23,942	0.03
Retail Individual Investors (RIIs)	94,15,186	16,97,178	0.18
Total	1,88,30,372	18,21,120	0.10

(Source: BSE website)

Sula Vineyards currently produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka.

On the financial performance front, the company has (on a consolidated basis) posted a turnover/net profit – (loss) of Rs. 523.19 cr. / Rs. – (15.94) cr. (FY20), Rs. 421.51 cr. / Rs. 3.01 cr. (FY21), and Rs. 456.70 cr. / Rs. 52.14 cr. (FY22), for the last three fiscals.