Sula Vineyards initial public offer (IPO) is going to hit the primary market today.
The IPO market will remain open for bidding till 14th December 2022.
Sula Vineyards
Sula Vineyards are India’s largest and most awarded wine brand.
Sula Vineyards IPO
The initial public offer (IPO) of Sula Vineyards is opening today and it’ll open for subscription on 14th December 2022.
India’s largest wine producer and seller aim to raise Rs. 960.35 crores from its public offer and has a fixed price band of the public issue at rs. 340 to rs. 357 apiece.
How is the stock market for IPO?
The Grey market is showing positive signals in regard to the public offer.
According to share market experts, Sula Vineyards Ltd shares are available at a premium of Rs. 34.
Sula Vineyards IPO GMP
Sula Vineyards IPO GMP was rs. 24 it means its share price during IPO will surge to rs.10 in the share market.
Sula Vineyards IPO Subscription date
The public offers will open for bidders on 12th December 2022 and it’ll remain open till 14th December 2022.
Sula Vineyards Lot size
One lot will comprise of 42 shares of the company.
Should you subscribe to Sula Vineyards IPO?
Motilal Oswal: Subscribe for listing gains
“Sula has market leadership in India’s grape wine industry, especially in premium brands. It enjoys high entry barriers and is well-placed to capture the industry growth. We like its focus on D2C model, premiumization and efforts on improving its operational efficiencies. The IPO is valued at P/E of 49x 1HFY23 annualized EPS. Given first of its kind listing in wine category, there could be fancy for the IPO. We suggest investors can Subscribe for listing gains.”
Canara Bank Securities: Subscribe for listing gains
“Considering the higher share of high-margin segments in the revenues and focus on owned brand, the company would be able to expand its margin going forward. Its strong position in a high barrier and fast-growing segment would help it to gain further in terms of sales in the long run. We recommend to SUBSCRIBE for listing gains.