Sula Vineyards IPO: India s largest winemaker Sula Vineyards made its market debut on Thursday. Find out about Sula Vineyards share price, the IPO s listing price, what analysts predict for Sula Vineyards, Sula wine business and more in this Business Today Visual Story.
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.
Sula Vineyards has been the market leader in the Indian wine industry, both in terms of sales volume and value since FY2009. Its market share in the 100 per cent wine category increased from 33 per cent in FY2009 to 52 per cent in FY2022.
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.