Sula Vineyards IPO: Sula Vineyards IPO, a home wine maker, is about to come back out. The inventory market regulator SEBI (Securities and Exchange Board of India) has accepted the corporate to convey IPO (Initial Public Offering). The firm had filed a draft paper (DRHP) with SEBI to convey the IPO in July this 12 months.

Sula Vineyards will difficulty 25,546,186 fairness shares with an fairness share of Rs 2 every via a proposal on the market. Offer on the market implies that the promoters and buyers of the corporate will promote their stake via IPO. Kotak Mahindra Capital, CLSA India and IIFL Securities are the e book working lead managers of the IPO whereas KFin Technologies is the registrant of the IPO. The shares of Sula Vineyards can be listed on BSE and NSE.

In 2021-22, the income of Sula Vineyards was Rs 453.92 crore whereas the revenue of the corporate was Rs 52.14 crore. At the identical time, the corporate’s income in 2020-21 was Rs 417.96 crore whereas there was a revenue of Rs 3.01 crore. The firm was established in 1996. Sula Vineyards produces 56 kinds of labeled wines below 13 model names. The firm is without doubt one of the giants within the wine market. The firm has 4 personal and two leased crops in Maharashtra and Karnataka. The firm’s two wine resorts are additionally current in Nashik.

SEBI has additionally accepted Sah Polymers to convey IPO. The firm had filed the draft paper in April 2022. The firm will difficulty 1,02,00,000 fairness shares within the IPO which can be a totally contemporary difficulty. With the cash raised from the IPO, the corporate will spend money on new tasks together with paying off the debt.

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