Sula Vineyards IPO opens today; Everything you need to know

12 Dec 2022 , 08:33 AM

The initial public offer (IPO) of India’s premium wine producer and seller, Sula Vineyards is opening on Monday, December 12 and will conclude on December 14. The price band of the offer has been fixed at Rs 340-357 per share. Investors can apply for 42 equity share in a lot.

Sula Vineyards aims to raise Rs 960.35 crore from its public offer. It is completely an offer for sale issue. The company will not receive any net proceeds from this issue.

The company has reserved 50% of the offer size for qualified institutional buyers, 15% for high networth individuals and the remaining 35% for retail investors.

The company has already raised Rs 288.10 crore though anchor book on December 9, ahead of the IPO.

Kotak Mahindra Capital Company, CLSA India, and IIFL Capital Services are the book running lead managers to the issue, while KFin Technologies is the registrar for the same.

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