Sula Vineyards Limited IPO

As of March 31, 2022, Sula Vineyards Limited, which was founded in 2003, is India's largest wine producer and retailer. Since Fiscal 2009, it has dominated the Indian wine sector in terms of sales volume and value. In the 100% grape wine category, its market share climbed from 33% in Fiscal 2009 to 52% in Fiscal 2022. As of March 31, 2021, it is one of the fastest-growing alcoholic beverage firms in India, with a CAGR of 13.7% between Fiscal Years 2011 and 2022.

Don't have a Navia account? Sign up

It also sells services from the vineyard resorts and tasting rooms it owns and runs as part of its wine tourism business. Its vineyards have a big social media following and are in the top ten most followed vineyards in the world. It was the first company in India to offer wine tourism. It had the first wine tasting room, the first vineyard resort, the first wine music festival, and the first winery tours at its Nashik location. Existing shareholders of Sula Vineyards are selling 2.55 million equity shares as part of the company's public offer. Read more

Check out some recent financials figures of the company:

How do I apply for the Sula Vineyards Limited IPO?

You can apply for the Sula Vineyards Limited IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.