Sula Vineyards IPO: India's largest winemaker likely to announce allotment today

Dec 19, 2022, 11:48 IST

Sula Vineyards is likely to announce its share allotment status on December 19.
The IPO received decent demand from investors as the IPO was subscribed 2.33 times.
The shares will be listed on December 22 on the exchanges.

Nashik-based Sula Vineyards, India’s largest wine producer and seller is likely to announce the allotment status of its initial public offering (IPO) today on December 19.

The IPO received decent demand from investors as the issue was subscribed 2.33 times.

The qualified institutional buyer portion was subscribed the most by 4.13 times. The portion reserved for retail was subscribed 1.65 times and that for non-institutional investors witnessed a subscription of 1.51 times.

Currently, shares of Sula Vineyards are available at a discount in the grey market as against premium of ₹60 per share earlier. GMP is the premium at which IPO shares are traded in the unofficial market before they are listed on the stock exchanges.

The winemaker has raised ₹960 crore through a complete offer for sale by promoters and shareholders. The company will not receive any funds from the IPO.

Sula Vineyards distributes wines under a bouquet of brands such as Sula, RASA, Dindori, The Source, Satori, Madera and Dia. Currently, it produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Its flagship facility is located in Nashik, Maharashtra.

The company’s shares are scheduled to be listed on December 22 on the BSE and NSE.

Here is how to check Sula Vineyards IPO allotment status on the stock exchange websites:

Go to the BSE website or NSE website here.
On BSE, Select 'Equity' and then from the dropdown, select ‘Sula Vineyards’.
Now, enter your application number and PAN.
Click on 'Search'.
Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (KFin Technologies) to check your application status.

Visit the registrar's website here.
Click on 'Select company' and click on ‘Sula Vineyards’.
Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.
Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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