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.
Here are the key dates:
Allotment - Dec 19
Refund initiation - Dec 20
Listing - Dec 22
Investors who receive allotment can see the shares credited in their Demat a/c on Dec 21.
Sula Vineyards Ltd is India's largest wine producer and seller. Currently it produces 56 different labels of wine.
Sula Vineyards also offers wine tourism facilities in Nashik and Bengaluru. It has a strong direct-to-consumer selling model.
Sula Vineyards faces strong competition from large players like United Spirits, Radico Khaitan, and United Breweries.
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Should You Go for This IPO?