- Date : 09/12/2022
- Read: 2 mins
Sula Vineyards IPO
If you have a taste for wine, you must have heard about the leading Indian winemaker, Sula Vineyards. Known to be the largest manufacturer and seller of wines in India, Sula Vineyards is going public with its IPO scheduled for 12th December. Let’s check out the details of the company and its upcoming IPO.
About Sula Vineyards
Sula Vineyards was incorporated in 2003 as a winemaking and selling business. As of 31st March 2022, the company acquired the tag of being India's largest wine producer and seller. Some of the most famous wines of the company are sold under different labels –
- Dindori
- RASA
- The Source
- Madeira
- Satori
- Sula
- Dia
The company has two business verticals. One is the production of wine and the import and distribution of wines and spirits. This vertical is called the company’s ‘Wine Business’. The second vertical sells services from owning and operating wine tourism places like vineyards and tasting rooms. This category falls under the ‘Wine Tourism Business’.
Sula Vineyards produce 56 different wine labels. Some of the stats of the company are as follows –
- Production units in Maharashtra and Karnataka
- Around 13,000 retail touchpoints
- Wine Tourism Business facility at Nashik and Bengaluru
- Long-term supply contracts with grape growers for 2290 acres of land
- 50 distributors and 141 permanent employees
Financials of Sula Vineyards
Have a look at the financial performance of the company over the past couple of years
Source: Chittorgarh
Related - Another IPO opening on the 13th of December. Know the details.IPO details
Now that you have checkout out the company details and its financial performance, here’s a look at the IPO details –
The IPO is an Offer for Sale (OFS), and the money raised will be paid to the stakeholders diluting their stake in the company.
Check out the company and the IPO details to assess whether you should invest in or avoid the IPO.
Related - Find out how the IPO price is determined
