Last day to subscribe Sula Vineyards IPO: QIB portion receive no bids on day 2

14 Dec 2022 , 08:31 AM

The initial public offer (IPO) of Sula Vineyards is closing for subscription today. The IPO was subscribed 59% on day 2 of the offer.

The wine maker’s IPO received decent demand from retail investors as this portion was almost fully subscribed by 99%. However, the institutional investor interest has been muted since QIB received no subscription at all while that of non-institutional investors did not change much since the first day and subscribed by 45%.

The company plans to raise Rs 960 crore through a complete offer for sale by promoters and shareholders. The company will not receive any funds from the IPO. The issue price band is fixed in the range of 340-357 per share.

The company will finalise allotment of shares on December 18 and the same will list on BSE and NSE on December 22. Click here to apply in Sula Vineyards IPO.

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