Diabytes
Sula Vineyards IPO News
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The issue, with a price band of 340-357 per share, will list on BSE and NSE in a special pre open session. Meanwhile experts are predicting that it would most likely see a flat listing.
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The issue, with a price band of 340-357 per share, will likely list on BSE and NSE on December 22 wile the tentative date of share allotment will be announced on December 19.
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Sula Vineyards has been recognised as the market leader across wine variants, including red, white and sparkling wines. The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera & Dia.
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Ahead of the IPO, Sula Vineyards on Friday said it has raised Rs 288 crore from anchor investors. The company has decided to allot 80,70,158 equity shares to anchor investors at Rs 357 apiece, aggregating to Rs 288.10 crore, it added.
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The two companies, which had filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) during April and July 2022, obtained observations during October 31-November 3, an update with the regulator showed on Monday.
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The issue will be entirely an offer for sale (OFS) aggregating to 25,546,186 equity shares.
Sula Vineyards has been recognized as the market leader across wine variants, including red, white and sparkling wines.
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