Sula Vineyards is India’s largest wine producer and seller as of March 31, 2022 and its IPO was open for subscription on December 12. The issue was opened for subscription at 10 AM and by 3.30 PM, the IPO was subscribed 18%.
As per BSE data, the issue has received bids for 34,35,222 shares across both the stock exchanges against 1,88,30,372 shares on offer. The NII portion was subscribed 7% while retail portion was subscribed 33%. The QIB portion was not even mark off.
The IPO of Sula Vineyards is available for subscription till December 14. The company has fixed the price band of the issue in the range of Rs 340-357 apiece.
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and the remaining 35% for retail investors.
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