Sula Vineyards IPO Opens

Sula Vineyards IPO issue is open from December 12- 14, 2022.

Issue size is Rs. 960 cr. Investors can invest in this IPO at price band of Rs. 340- Rs. 357 per share.

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Here are the key dates: Allotment - Dec 19 Refund initiation - Dec 20 Listing - Dec 22

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Investors who receive allotment can see the shares credited in their Demat a/c on Dec 21.

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Sula Vineyards Ltd is India's largest wine producer and seller. Currently it produces 56 different labels of wine.

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Sula Vineyards also offers wine tourism facilities in Nashik and Bengaluru. It has a strong direct-to-consumer selling model.

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Sula Vineyards faces strong competition from large players like United Spirits, Radico Khaitan, and United Breweries.

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