Sula Vineyards

Long-term investors in Sula Vineyards must bank on more wine consumption in India, sustained market share.

With per capita consumption of wine in India at less than 100 ml a year, the small-sized ₹1,345-crore wine market seems to have potential for far better penetration and growth. The company reported 10-25 per cent Ebitda margin over the last three years, resulting from a strong roster of brands, extensive distribution network, and security of long-term raw material contracts with farmers. As a part of the IPO process, Sula Vineyards had raised ₹288 crore from anchor investors ahead of the issue. Sula Vineyards, India’s largest wine maker, on Thursday debuted at ₹358 a share, just a rupee more than the IPO price of ₹357. The traded volume is 64.83 lakh shares. The stock rallied to ₹363.40 within minutes, before falling to ₹339 on the BSE.

Earlier today, Zee Business Managing Editor Anil Singhvi had predicted listing of this stock near its issue price. He had recommended a buy in this issue ...

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Shares of Sula Vineyards on Thursday made a tepid market debut and ended nearly 8 per cent lower against the issue price of Rs 357.

On the NSE, it made its debut at Rs 361, climbing 1.12 per cent. During the day, it hit a high of Rs 363.40 and low of Rs 328.60. The stock was listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. The company commanded a market valuation of Rs 2,788.24 crore on the BSE. Shares of the company finally ended at Rs 331.15 apiece, a decline of 7.24 per cent. Shares of Sula Vineyards on Thursday made a tepid market debut and ended nearly 8 per cent lower against the issue price of Rs 357.

Sula Vineyards Ltd fell more than 5% on its trading debut in a dull market on Thursday.

"It enjoys high entry barriers and is well placed to capture the industry growth." Still, it was weaker than what analysts had pencilled in for its strong brand and growth outlook. Its net revenue rose 8% year-over-year to 4.57 billion rupees in fiscal year 2022. The Nifty 50 is now down over 3% from peaks. But going ahead, the company's own fundamentals will work strongly," said Astha Jain of Hem Securities. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

The stock listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. It later hit a high of Rs 363.40 and low of Rs 339.

The company commanded a market valuation of Rs 2,920.01 crore on the BSE. Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2022. The stock listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. This website uses cookies or similar technologies, to enhance your browsing experience and provide personalised recommendations. Sula Vineyards commanded a market valuation of Rs 2,920.01 crore on the BSE. Shares of Sula Vineyards on Thursday made a tepid market debut, listing with a premium of just over 1 per cent on the NSE, against the issue price of Rs 357, the PTI reported.

After flat debut on Thursday, Sula Vineyards share price settled at ₹329.90 apiece on NSE, near 7 per cent lower from its upper band of ₹357 per equity ...

Goldman Sachs and Jupiter India Fund bought Sula Vineyards shares after muted debut of the wine maker and seller company's stock on Indian bourses. - Goldman Sachs has bought Sula Vineyards shares worth ₹24.45 crore Goldman Sachs, Jupiter India Fund buy stake in Sula Vineyards.