Sula Vineyards raises Rs 288.10 crore ahead of IPO from anchor book

10 Dec 2022 , 05:46 PM

Ahead of the initial public offering (IPO), Sula Vineyards raised Rs 288.10 crore through anchor investors. In a BSE filing, the company said it has completed allotment of 80.70 lakh shares to anchor investors at the upper end of the price band on Friday.

22 major investors have invested in India’s first pure wine producer Sula Vineyards IPO. These include Abu Dhabi Investment Authority (ADIA), Goldman Sachs Funds, HDFC Small Cap Fund, SBI Contra Fund, Aditya Birla Sun Life Trustee.

Sula Vineyards’ IPO aims to raise Rs 960 crore by issuing 26,900,530 shares. This is the entire offer for sale by promoter Rajeev Samant and investors Cofintra SA, Verlinvest SA, Verlinvest France SA, Saama Capital III Ltd, SWIP Holdings and Haystack Investments.

The company is issuing a minimum of 42 shares in a lot in the price band of Rs 340-357 per share. The IPO subscription will start on December 12 and end on December 14.

Kotak Mahindra Capital Company, CLSA India and IIFL Capital Services are BRLM IPOs. KFin Technologies Limited is the registrar of the company.