From raising a toast to hitting stocks: Sula Vineyard goes public

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The initial public offering (IPO) of Sula Vineyards will consist only of an OFS totaling 26,900,532 equity shares. The public offering is anticipated to bring in 960 crore at the top of the pricing range. On December 12, 2022, the company’s shares are anticipated to list on the top stock exchanges BSE and NSE. At its “Domaine Sula” location in Karnataka, it opened a wine-tasting room in the 2017 fiscal year.

Currently, it has four owned and two leased production facilities in Maharashtra and Karnataka that create 56 different labels of wines under 13 different brands.

The inaugural share sale’s registrar is KFin Technologies, and the book-running lead managers for the offering include businesses including Kotak Mahindra Capital Company, CLSA India, and IIFL Securities.