Sula Vineyards is likely to list on exchanges this week. Check out the important dates here

The company has launched IPO from December 12 to December 14. On the last day, IPO registrations exceeded 2.33%. The section for qualified institutional buyers registers 4.13 times, while the section for retail investors registers 1.65 times and the section for non-institutional investors registers 1 fold ,51 times.

According to the red herring prospectus, the company must complete all the necessary procedures to listing and commence trading of equity shares on all stock exchanges including the allocation of equity shares within six business days of the closing date of the IPO.

Although allocating and crediting equity shares to an applicant’s Demat account may take approximately five business days from the closing date of the IPO. That being said, the Sula Vineyards IPO closes on December 14, may allocate equity shares on December 19. Meanwhile, the company takes another two days from May 20 to 21. 12 to initiate a cashback and credit equity shares to the investor’s Demat account. The most likely listing is expected on December 22.

Here’s how to check the status of Sula Vineyards’ IPO application:

The first choose:

KFin Technologies is an IPO registered company. Therefore, investors can check the status of their application on KFin Technologies official website karisma.kfintech.com or directly visit kprism.kfintech.com/ipostatus/

Once you have entered the IPO allocation status page on KFin Tech, you will have to select the IPO name ‘Sula Vineyards’, then choose the option between ‘Registration Number’ or ‘Demat Account’ or ‘Perpetual Account Number’ . After providing details on one of the three options, add the captcha and ‘Submit’ code to review the status of your application.

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Second choice:

The second option would be the BSE website. Investors can check their status by visiting the BSE link — https://www.bseindia.com/investors/appli_check.aspx.

The link will direct the investor to the application status page. To check the status, the investor will first have to select the ‘Issue Type’ option. In the case of Sula Vineyards, the option would be ‘Equity’. Then select the company name and provide your application number or PAN details. Finally, you need to click on the ‘I’m not a robot’ captcha and then select ‘Search’ to review your status.

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Currently, Sula Vineyards has been a consistent market leader in the Indian wine industry. Sula has made remarkable progress over a decade. Currently, the company produces 56 different wine brands across 13 district brands at four company-owned and two leased production facilities located in Maharashtra and Karnataka.

In 2022, the company’s business revenue is $$4,539.16 million with a net profit margin1 of 69.83% and a profit after tax of $$521.39 million in the same period. In the first half of 2023, the company’s revenue was at $VND 2,240.68 million with a net revenue margin of 74.32% and a profit after tax of $ $305.06 million.

In exchange, Sula will play against United Breweries, United Spirits and Radico Khaitan.