Sula Vineyards IPO: Company will distribute shares to investors today, check whether you got it or not

highlights

The market share of the company is more than 52 percent.
Sula Vineyards sells wines in four price categories.
Products are sold in more than 8000 restaurants and hotels across the country.

new Delhi. The allotment of shares of India’s largest wine company Sula Vineyards is likely to happen today. This IPO was open for subscription from 12 December to 14 December. The price band of the IPO was Rs 340 to Rs 357 per share. The company intends to raise Rs 960 crore through this IPO. Investors can check the status of share allotment on BSE website or IPO Registrar’s portal. The equity shares will be credited to the demat accounts of the successful investors by 21st December.

The listing of shares of Sula Vineyards will happen on 22 December. Sula Vineyards IPO got decent response from investors. The issue has been subscribed 2.33 times. The IPO of Sula Vineyards reserved for Qualified Institutional Investors has been subscribed 4.13 times. At the same time, the company has received 1.65 times subscription in the portion of shares reserved for retail investors. The portion reserved for non-institutional investors received 1.51 times the bids.

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Check like this from BSE website

  • First go to bseindia.com/investors/appli_check.aspx.
  • Click here on Sula Vineyards IPO.
  • Now enter the Sula Vineyards IPO application number.
  • In the next step you enter PAN details
  • After this click on ‘I’m not a robot’ and click on ‘Submit’.
  • Allotment status will appear in front of you.

This is the way to check status from Kefin Tech website

  • Login to kprism.kfintech.com/ipostatus/ link.
  • Select ‘Sula Vineyards’ in the blank for the Company Name and then select either Application Number/CAF Number or PAN Number.
  • Enter Application Number.
  • Fill the captcha.
  • Now click on submit.
  • Your Sula Vineyards IPO allotment status will pop up on the computer monitor or smartphone screen.

Sula Vineyards is the market leader
Sula Vineyards is the market leader in the Indian wine segment since the year 2009. The market share of the company is more than 52 percent. It sells wines in four price categories. Rates in the elite category are above Rs 950. The rates of premium category are 750 to 950 rupees. The price of economy category products is 400 to 700 rupees, while the price of popular category is less than 400 rupees. Apart from more than 8000 restaurants and hotels across the country, its products are sold at more than 13 thousand 500 retail outlets.

Tags: BSE, business news in hindi, IPO, Money Making Tips, stock market

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