{"id":24763,"date":"2022-12-07T16:55:39","date_gmt":"2022-12-07T11:25:39","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=24763"},"modified":"2022-12-07T17:31:30","modified_gmt":"2022-12-07T12:01:30","slug":"sula-vineyards-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/sula-vineyards-limited-ipo\/","title":{"rendered":"Sula Vineyards Limited IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"24763\" class=\"elementor elementor-24763\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35face8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35face8f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c93af8b\" data-id=\"3c93af8b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-afc4222 elementor-widget elementor-widget-text-editor\" data-id=\"afc4222\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sula Vineyards plans to raies Rs 960.35 crore through an initial public offering (IPO). The subscription for the IPO will open on December 12 and close on December 14, 2022. The price band is fixed at Rs 340 &#8211; Rs 357 apiece.&nbsp;<\/p>\n<p>The IPO comprises of only offer for sale of&nbsp; 2,69,00,530 shares worth Rs 960.35 crore. The face value is set at Rs 2 per share.&nbsp;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62e5becf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62e5becf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b6d300d\" data-id=\"5b6d300d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22599028 elementor-widget elementor-widget-heading\" data-id=\"22599028\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2fb5cddf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2fb5cddf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a60c8ee\" data-id=\"7a60c8ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49c255e4 elementor-widget elementor-widget-text-editor\" data-id=\"49c255e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sula Vineyards is India\u2019s largest wine producer and seller as of March 31, 2022, according to its red herring prospectus. The company has been a market leader in the Indian wine industry in terms of sales volume and value since fiscal 2009.<\/p><p>The company has consistently gained market share from 33% in Fiscal 2009 to 52.6% in Fiscal 2021. The company sells their wines in four price segments \u2014 Elite (Rs 950+), Premium (Rs 700-950), Economy (Rs 400-700) and Popular (&lt; Rs 400). The company has 60% market share in terms of value in the \u2018Elite\u2019 and \u2018Premium\u2019 categories in fiscal 2021.<\/p><p>Further, the company is recognized as the market leader across wine variants, including red, white and sparkling wines. Sula Shiraz Cabernet is India\u2019s largest selling wine by value in fiscal 2021<\/p><p>The company\u2019s business can be broadly classified into two categories: (i) production of wine, import of wines and spirits, and distribution of wines and spirits; and (ii) sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms.<\/p><p>Sula Vineyards produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Their popular brands include \u201cRASA,\u201d \u201cDindori\u201d, \u201cThe source,\u201d \u201cSatori\u201d, \u201cMadera\u201d &amp; \u201cDia\u201d with its flagship brand \u201cSula\u201d being the category creator of wine in India.<\/p><p>Sula Vineyards serviced abouit 8,000 hotels, restaurants and caterers, which made the company a leader in terms of footprint among wine players in India. The company witnessed a significant rise in their off-trade sales in the last three years with their off-trade sales contributing 72.25% of their secondary sales during fiscal 2022.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46093a21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46093a21\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7612cefb\" data-id=\"7612cefb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bbf263b elementor-widget elementor-widget-heading\" data-id=\"5bbf263b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79e6e036 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79e6e036\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1951b5ec\" data-id=\"1951b5ec\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63296873 elementor-widget elementor-widget-text-editor\" data-id=\"63296873\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Established market leader in the Indian wine industry with the leading brand Sula.<\/li><li>Largest wine producer in India with the widest and innovative product offering supported by an efficient\u00a0production mechanism.<\/li><li>Wide distribution network and extensive sales network.<\/li><li>Leader and pioneer of wine tourism business in India.<\/li><li>Secured supply of raw material with long term contracts exclusive to Sula.<\/li><li>High barriers to entry.<\/li><li>Early adoption and focus on sustainability.<\/li><li>Experienced board\u00a0and qualified senior management team.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d5adaf8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d5adaf8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a2b5a4f\" data-id=\"3a2b5a4f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28a14490 elementor-widget elementor-widget-heading\" data-id=\"28a14490\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-384c3773 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"384c3773\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-10737d3a\" data-id=\"10737d3a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4024702d elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4024702d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Period<\/strong><\/p><\/td><td><p><strong>FY22<\/strong><\/p><\/td><td><p><strong>FY21<\/strong><\/p><\/td><td><p><strong>FY20<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Total Assets\u00a0(Rs in crore)<\/strong><\/p><\/td><td><p>758.56<\/p><\/td><td><p>751.59<\/p><\/td><td><p>831.04<\/p><\/td><\/tr><tr><td><p><strong>Total Revenue\u00a0(Rs in crore)<\/strong><\/p><\/td><td><p>456.7<\/p><\/td><td><p>421.53<\/p><\/td><td><p>523.21<\/p><\/td><\/tr><tr><td><p><strong>Profit After Tax\u00a0(Rs in crore)<\/strong><\/p><\/td><td><p>52.14<\/p><\/td><td><p>3.01<\/p><\/td><td><p>-15.94<\/p><\/td><\/tr><tr><td><p><strong>PAT Margin<\/strong><\/p><\/td><td><p>11.49%<\/p><\/td><td><p>0.72%<\/p><\/td><td><p>-3.06%<\/p><\/td><\/tr><tr><td><p><strong>ROCE<\/strong><\/p><\/td><td><p>20.86%<\/p><\/td><td><p>10.67%<\/p><\/td><td><p>4.09%<\/p><\/td><\/tr><tr><td><p><strong>Debt to Equity Ratio<\/strong><\/p><\/td><td><p>0.58<\/p><\/td><td><p>0.99<\/p><\/td><td><p>1.23<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-13da04c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13da04c1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fbb7e54\" data-id=\"2fbb7e54\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67599414 elementor-widget elementor-widget-heading\" data-id=\"67599414\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Purpose of the IPO <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8c00913 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c00913\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ac03c3f\" data-id=\"5ac03c3f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38f37add elementor-widget elementor-widget-text-editor\" data-id=\"38f37add\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The objectives of the IPO are to carry out the offer for sale of shares worth Rs 960.35 crore by the selling shareholders and achieve the benefits of listing its equity shares on the stock exchanges.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b87871e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b87871e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75295a37\" data-id=\"75295a37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3abec493 elementor-widget elementor-widget-heading\" data-id=\"3abec493\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26c211d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26c211d8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-772c45b7\" data-id=\"772c45b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2f6bb9 elementor-widget elementor-widget-text-editor\" data-id=\"f2f6bb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rajeev Samant is the promoter of the company.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4383e548 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4383e548\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2d497b5d\" data-id=\"2d497b5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3ef18d95 elementor-widget elementor-widget-heading\" data-id=\"3ef18d95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d87496 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d87496\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-12af21ee\" data-id=\"12af21ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74bce74d elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"74bce74d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>IPO Opening Date<\/strong><\/p><\/td><td><p>December\u00a012, 2022<\/p><\/td><\/tr><tr><td><p><strong>IPO Closing Date<\/strong><\/p><\/td><td><p>December\u00a014, 2022<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 2 per share<\/p><\/td><\/tr><tr><td><p><strong>Price\u00a0Band<\/strong><\/p><\/td><td><p>Rs 340 to Rs 357 per share<\/p><\/td><\/tr><tr><td><p><strong>Lot Size<\/strong><\/p><\/td><td>42 shares<\/td><\/tr><tr><td><p><strong>Issue Size<\/strong><\/p><\/td><td><p>2,69,00,530 shares worth Rs 960.35 crore<\/p><\/td><\/tr><tr><td><p><strong>Offer for Sale<\/strong><\/p><\/td><td><p>2,69,00,530 shares worth Rs 960.35 crore<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-36d034e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36d034e0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-439ea6bc\" data-id=\"439ea6bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f6f6b44 elementor-widget elementor-widget-heading\" data-id=\"4f6f6b44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e6e8f1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e6e8f1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-676bf3b\" data-id=\"676bf3b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d1b851f elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"d1b851f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong><b>Application<\/b><\/strong><\/p><\/td><td><p><strong><b>Lots<\/b><\/strong><\/p><\/td><td><p><strong><b>Shares<\/b><\/strong><\/p><\/td><td><p><strong><b>Amount<\/b><\/strong><\/p><\/td><\/tr><tr><td><p>Retail (Minimum)<\/p><\/td><td><p>1<\/p><\/td><td><p>42<\/p><\/td><td><p>Rs 14,994<\/p><\/td><\/tr><tr><td><p>Retail (Maximum)<\/p><\/td><td><p>13<\/p><\/td><td><p>546<\/p><\/td><td><p>Rs 1,94,922<\/p><\/td><\/tr><tr><td><p>Small HNI (Minimum)<\/p><\/td><td><p>14<\/p><\/td><td><p>588<\/p><\/td><td><p>Rs 2,09,916<\/p><\/td><\/tr><tr><td><p>Large HNI (Minimum)<\/p><\/td><td><p>67<\/p><\/td><td><p>2,814<\/p><\/td><td><p>Rs 10,04,598<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21e3d8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21e3d8f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15f7220\" data-id=\"15f7220\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e9a071b elementor-widget elementor-widget-heading\" data-id=\"e9a071b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Allotment Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f266b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f266b0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5eb2aa6\" data-id=\"5eb2aa6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-513f788 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"513f788\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong><b>Event<\/b><\/strong><\/p><\/td><td><p><strong><b>Date<\/b><\/strong><\/p><\/td><\/tr><tr><td><p>Allotment\u00a0of Shares<\/p><\/td><td><p>December\u00a019, 2022<\/p><\/td><\/tr><tr><td><p>Initiation of Refunds<\/p><\/td><td><p>December\u00a020, 2022<\/p><\/td><\/tr><tr><td><p>Credit of Shares to Demat\u00a0Account \u00a0<\/p><\/td><td><p>December\u00a021, 2022<\/p><\/td><\/tr><tr><td><p>Listing Date<\/p><\/td><td><p>December\u00a022, 2022<\/p><\/td><\/tr><\/tbody><\/table><p>To check your allotment, <a href=\"https:\/\/ris.kfintech.com\/ipostatus\/\"><span style=\"text-decoration: underline;\"><strong>click here<\/strong><\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72753fe3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72753fe3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ed6c163\" data-id=\"1ed6c163\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-529580e1 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"529580e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ipo.ftconline.in:8084\/IPOWEB\/Index\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply for IPO<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Sula Vineyards plans to raies Rs 960.35 crore through an initial public offering (IPO). The subscription for the&hellip;","protected":false},"author":5,"featured_media":24905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[611,46,43,78,139,48,26,77,47,251,24,23,650,648,55,649],"class_list":{"0":"post-24763","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-latest-ipo","9":"tag-market-news","10":"tag-market-update","11":"tag-nifty","12":"tag-nifty-futures","13":"tag-nifty-today","14":"tag-nse","15":"tag-sensex","16":"tag-sensex-today","17":"tag-sgx-nifty-futures","18":"tag-share-market","19":"tag-stock-market","20":"tag-sula","21":"tag-sula-vineyards","22":"tag-upcoming-ipo","23":"tag-wine","24":"cs-entry","25":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sula Vineyards Limited IPO - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"The subscription for the IPO will open on December 12 and close on December 14, 2022. 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