Sula Wines

Landmark Cars hit a new high of Rs 622.45, surging 44% from its December low of Rs 433.20, while Sula Vineyards rallied 40% from its low of Rs 305.35.

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. The stock was listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. During the day, it hit a high of Rs 363.40 and low of Rs 328.60. Shares of the company finally ended at Rs 331.15 apiece, a decline of 7.24 per cent. On the NSE, it made its debut at Rs 361, climbing 1.12 per cent. The stock settled at Rs 329.90 per share, lower by 7.59 per cent. The company commanded a market valuation of Rs 2,788.24 crore on the BSE. In volume terms, 4.23 lakh shares were traded on the BSE and 80.73 lakh shares on the NSE during the day. The initial public offer of Sula Vineyards got subscribed 2.33 times last week. The Rs 960.35-crore initial share-sale had a price range of Rs 340-357 a share. The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera

Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price of Rs 357 per share on the BSE.

Stocks to Watch Today: Shares of Sula Vineyards likely to list on a tepid note on Thursday.

Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed

Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period

Three companies -- Sula Vineyards, Landmark Cars and Abans Holdings -- are set to launch their initial public offerings (IPOs) next week to collectively raise Rs 1,858 crore. The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed. This comes after 10 companies had floated their IPOs in the month of November. In 2022 so far, as many as 33 companies have come out with their IPOs to mop up over Rs 55,000 crore. In 2021, 63 IPOs raised more than Rs 1.19 lakh crore, as per the data. Ankit Yadav, Founder and Director of Market Maestroo, said all the three IPOs are coming at a time of interest rate hikes. Generally, there is an opportunity for making wealth from IPOs in low-rate scenarios where borrowing is easy. "So today in high rates, the businesses who are

Some of the anchor investors who participated in the allotment include Abu Dhabi Investment Authority, Goldman Sachs, BNP Paribas, and SBI Contra Fund among others

The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

Bikaji's IPO was entirely a secondary share sale worth Rs 881 crore, while Medanta consisted of Rs 1,705-crore secondary share sale and Rs 500 crore worth of fresh fund raise

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO

Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India's small but rapidly growing wine market

Indian wine companies have necessarily had to adapt to the new normal of markets and consumer behaviour.

As the 2020 harvest started early, a lot is riding on the region's vintage amid a spate of challenges

The quality (and price) of wines made in India improves/increases each year and there's no question that our best wines are today much better than most imported wines priced at the same level.

Constellation Wines US had instituted Project Genome which grouped American wine consumers: enthusiasts, image seekers, savvy shoppers, traditionalists, satisfied sippers, and overwhelmed drinkers

Sweden-based Oldne has been engaged with Indian wine company Sula since 2007, and also represents Sweden-India Business Council in India

The Eclipse, with its vanilla and fruity palette, is easy to drink on the rocks