Sula Vineyards Limited IPO
Sula Vineyards Limited was a mainboard IPO in the Breweries & Distilleries sector, offered at ₹340–₹357 per share to raise ₹960 crore. The issue was subscribed 2.33× overall (QIBs 4.13×, NIIs 1.51×, retail 1.65×). It listed on 22 Dec 2022 at ₹361 and closed its first day at ₹331, a listing loss of -7.2% versus the ₹357 issue price. It now trades around ₹126 (-64.8% versus the issue price).
Frequently asked questions
- How many times was the Sula Vineyards Limited IPO subscribed?
- The Sula Vineyards Limited IPO was subscribed 2.33× overall — 4.13× in the QIB category, 1.51× among non-institutional investors, 1.65× in retail.
- What were the Sula Vineyards Limited IPO listing gains?
- Sula Vineyards Limited listed on 22 Dec 2022 at ₹361, closing its first day at ₹331 — a listing loss of -7.2% versus the ₹357 issue price.
- What were the retail allotment odds for the Sula Vineyards Limited IPO?
- Retail was subscribed 1.65×, so a single-lot application had roughly a 60.6% chance of allotment (about 1 in 2), and allotment was finalised on 16 Dec 2022.
- What was the price band and lot size of the Sula Vineyards Limited IPO?
- The price band was ₹340–₹357 per share, with a minimum lot of 42 shares (₹14,994 at the upper band).
- Who were the registrar and lead manager for the Sula Vineyards Limited IPO?
- KFin Technologies Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.