Sula Vineyards share price

Sula Vineyards IPO Listing Price, Sula Vineyards IPO Listing Date 2022, Sula Vineyards IPO Stop Loss By Anil Singhvi, Sula Vineyards Share Price NSE, ...

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On BSE, the stock debuted at Rs 358, up 0.28 per cent. At the prevailing price, the company commanded a market capitalisation of Rs 3014.32 crore.

TRENDING The company has entered into long-term supply arrangements (of up to 12 years) with grape growers for 2,290 acres as of September 30. The issue was subscribed only on the Day 3 of the bidding process. Sula Vineyards is India's largest wine producer, which has market leader across all four price segments (Elite, premium, economy and popular). The scope for handsome listing gains is limited, Sharekhan had said in its IPO note. On BSE, the stock debuted at Rs 358, up 0.28 per cent.

Sula Vineyards IPO | On the grey market, trading in the stock has taken place at a 3-4 percent discount to the expected final issue price of Rs 357 per ...

After hitting record highs at the beginning of December, the market has been subdued and is consolidating. Revenue during the same period increased by 10 percent to Rs 424 crore and Earnings Before Interest, Tax, Depreciation and Amortisation doubled to Rs 113 core. Profit grew significantly to Rs 52.1 crore in the financial year ended March FY22, from Rs 3 crore in FY21. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Astha Jain, senior research analyst at Hem Securities, is expecting a status quo listing. "Considering lower-than-expected subscription response from all investor categories and subdued secondary market mood, we expect an at-par or discounted listing.

Sula Vineyards Listing on BSE, NSE: Sula Vineyards made its stock market debut on Thursday on a muted note.

Sula Vineyards Limited is the India’s largest wine producer and seller as of March 31, 2022. This issue of Sula Vineyards had a P/E valuation of 54.67, which seems fully priced; the issue, however, was a complete offer for sale, and a low promoter holding is also a concern. For the year ended March 2021, which was the Covid-hit year, net profit was Rs 3 crore. It enjoys the benefit of high entry barriers and has the largest wine distribution network and sales presence. For the year ended March 2018, it reported net profit of Rs 12.3 crore. The shares got listed at Rs 361 on the National Stock Exchange (NSE), a premium of 1.14 per cent over its issue price of Rs 357 apiece.

Sula Vineyards' IPO was entirely an offer for sale (OFS) where promoters, and other existing investors sold close to 2.7 crore shares.

Sula Vineyards is synonymous with Indian wines and is considered a ‘category creator’ in the segment. Yes, whiskey is the king in India and we are not looking to dethrone the king anytime soon. On BSE, Sula Vineyards listed at Rs 358 apiece against the issue price of Rs 340-357. The price band of the issue was fixed at Rs 340-357 per share. The shares of winemaker Sula Vineyards made a decent debut on the stock exchanges NSE and BSE on Thursday i.e. The stock started its trading journey at Rs 361 apiece on NSE — a 1.1 percent premium to the issue price.

The Nashik-based wine maker sold shares in the price band of Rs 340-357 per share in the IPO which ended on December 14.

It enjoys the benefit of high entry barriers and has the largest wine distribution network and sales presence. The country's largest wine maker, Sula Vineyards, failed to enthuse investors on its stock market debut as it opened for trading at Rs 358 per share against its initial public offering (IPO) price of Rs 357 per share on the BSE. Sula Vineyards has been recognised as the market leader across wine variants, including red, white and sparkling wines.

The stocks of Sula Vineyards, on its IPO listing day, had a flat opening and slipped soon.Sula Vineyards, India's largest wine producer, made its debut on ...

The initial public offer of Sula Vineyards was subscribed 2.33 times during a three-day period (from December 12 to December 14. At the time of writing this report, it went on to make a BSE intraday low of Rs 339 and dipped lower from its upper price band of Rs 357 per share. [By India Today Web Desk](/author/india-today-web-desk): Sula Vineyards, India's largest wine producer, made its debut on the stock market on Thursday.

Sula Vineyards, India's largest wine producer, will make its debut on the bourses on Thursday. The company had raised a little more than Rs 960 crore ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [GR Infraprojects](/topic/gr-infraprojects): Infrastructure investment trust India Grid Trust and GR Infraprojects have joined hands to bid for identified power transmission projects worth Rs 5,000 crore. Speciality Restaurants: The restaurants firm's board has approved for issue of 60 lakh warrants convertible into equity shares on preferential basis, at a price of Rs 212.05 per warrant. [Bharat Forge](/topic/bharat-forge): The castings & forgings company has commenced supply of forgings utilizing green steel, manufactured and supplied by Saarloha Advanced Materials, a part of the Kalyani Group. [Adani Power](/topic/adani-power): The Adani Group's utility firm said it has received a B score for climate change transparency from CDP (Carbon Disclosure Project) for 2022. [Max Financial Services](/topic/max-financial-services): Promoter of the financial services firm Max Ventures Investment Holdings offloaded 58.85 lakh shares or 1.7 per cent at an average price of Rs 679.2 apeice in the company for Rs 399.7 crore through an open market transaction, according to the bulk deal data available with the NSE. India Grid Trust (IndiGrid) and GR Infra have announced a strategic partnership in the Indian power transmission sector. [Adani Enterprises](/topic/adani-enterprises): Adani Solar, a subsidiary of Adani Group's flagship firm, the photovoltaic manufacturing and research arm of the Adani Group, has launched large sized monocrystalline silicon ingot, at its Mundra facility. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [JB Chemicals](/topic/jb-chemicals)& Pharmaceuticals: The private equity firm KKR-backed JB Chemicals has completed acquisition of Razel franchise from [Bandhan Bank](/topic/bandhan-bank): The private sector lender has received binding bid of Rs 801 crore from asset reconstruction company, on security receipt consideration basis, for its written-off portfolio with outstanding of Rs 8,897 crore. The company had raised a little more than Rs 960 crore between December 12-14 and sold its shares Rs 357 apeice, which was entirely an offer for sale.

Against the issue price of Rs 357 apiece, shares of Sula Vineyards were listed at Rs 358 on BSE and at Rs 361 on the National Stock Exchange (NSE), ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) However, the issue was merely subscribed 2.33 times. One should not expect immediate fireworks from the counter, considering the subdued sentiments. Following the listing, the stock was majorly dumped by the investors as it gyrated in a small range. [At ₹8,640 Crore, Torrent Highest Bidder for RCap](/epaper/delhicapital/2022/dec/22/et-front/at-8640-crore-torrent-highest-bidder-for-rcap/articleshow/96408205.cms)

Sula Vineyards was the third listing in December 2022, after Dharmaj Crop Guard, and Uniparts India.

The country's largest wine producer launched its initial public offering last week and raised Rs 960 crore. The benchmark indices have shed 4 percent from new record highs hit on December 1. However, it immediately dipped below the issue price.

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 ...

The scope for handsome listing gains is limited, Sharekhan said in its IPO note on Sula Vineyards. Sula Vineyards stock ended 7.82% or Rs 28.40 lower at Rs 329.10 to the IPO price on the BSE. On NSE, the stock of the winemaker closed 7.69% or Rs 27.45 lower at Rs 329.55 on Thursday

Against the issue price of Rs 357 apiece, shares of Sula Vineyards were listed at Rs 358 on BSE and at Rs 361 on the National Stock Exchange (NSE), ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) However, the issue was merely subscribed 2.33 times. One should not expect immediate fireworks from the counter, considering the subdued sentiments. Following the listing, the stock was majorly dumped by the investors as it gyrated in a small range. [At ₹8,640 Crore, Torrent Highest Bidder for RCap](/epaper/delhicapital/2022/dec/22/et-front/at-8640-crore-torrent-highest-bidder-for-rcap/articleshow/96408205.cms)