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15 Days Price Change

Sula Vineyards IPO

Closing In

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Profile
Issue Size --
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Price Range 340  to  357 per share
Profile
Min Investment ₹357
Profile
Lot Size 1
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Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Sula Vineyards Limited is a leading wine producer and distributor in India. The company was established in 1999 and is headquartered in Nashik, Maharashtra, India. Sula Vineyards is one of the largest wine producers in India, with a wide range of wines, including red, white, rose, sparkling, and dessert wines.The company also operates a hospitality business, with a resort and several restaurants on its premises. The resort offers visitors a chance to experience the wine-making process, vineyard tours, and wine tastings. The company's restaurants serve a range of cuisines, with a focus on local ingredients and wine pairings. Sula Vineyards Limited is committed to sustainability and has implemented several initiatives to reduce its carbon footprint and promote environmental conservation. The company has a state-of-the-art winery that is equipped with the latest technology to ensure high-quality wines and efficient production. Read More

Basic Info

Face Value 2 per share

Price 340  to  357 per share

P/E (x) 43

Sales( Cr.) 579

PAT( Cr.) 70

EPS 8.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Rajeev Samant

Pre Issue Share Holding 28.44%

Post Issue Share Holding 27.33%

Listing Details:

Listing Price: 358

Listing Gain: 0.28%

Current Price: 157.1

Gain On Issue: 157.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 12, 2022
Closing Date Dec 14, 2022
Allotment Dec 15, 2022
Refund Dec 16, 2022
Delivery of Shares Dec 16, 2022
Listing Date Dec 19, 2022

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 42 14,994
Retail (Max) 13 546 194,922
S-HNI (Min) 14 588 209,916
S-HNI (Max) 66 2772 989,604
B-HNI (Min) 67 2814 1,004,598

Objective of the Issue

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

Issue

Category Nos Bid Bid (x)
QIB 13450265 55549594 4.1x
NII 4035080 6092971 1.5x
Retail 9415186 15535057 1.7x
EMP 0 0 0x
Total 26900530 62678235 2.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Sula Vineyards Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 273 336 322 379 500 485 386 424 517 568 579
Other Income 2 1 1 2 2 2 4 3 3 8 4
Total Income 275 338 323 381 502 487 390 427 520 575 583
Total Expenditure 234 286 281 326 432 436 325 311 359 392 430
Operating Profit 42 51 42 55 70 50 65 116 161 184 153
Interest 3 7 12 17 25 33 33 23 21 26 30
Depreciation 9 10 12 15 20 35 26 24 26 32 35
Exceptional Income / Expenses 0 0 0 0 0 0 -2 0 0 0 0
Profit Before Tax 30 34 17 22 26 -17 3 70 114 126 88
Provision for Tax 11 14 8 10 19 -4 0 17 30 32 18
Profit After Tax 19 20 9 12 7 -14 3 52 84 93 70
Adjustments -0 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 19 20 9 12 7 -13 3 52 84 93 70
Adjusted Earnings Per Share 2.5 2.8 1.2 1.7 1 -1.8 0.3 6.6 10 11.1 8.3

Sula Vineyards Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 249 266 308 317 323 300 305 395 532 550 586
Minority's Interest 0 0 0 0 3 2 0 0 0 0 0
Borrowings 3 2 20 25 59 79 59 48 54 52 68
Other Non-Current Liabilities 12 15 20 22 28 46 36 25 24 39 125
Total Current Liabilities 114 198 265 307 358 419 338 290 329 385 381
Total Liabilities 377 481 613 671 772 847 752 759 939 1026 1160
Fixed Assets 140 165 254 279 325 355 318 361 413 454 495
Other Non-Current Assets 14 18 35 38 56 22 27 27 44 70 121
Total Current Assets 224 298 324 354 391 470 375 371 482 502 544
Total Assets 377 481 613 671 772 847 752 759 939 1026 1160

Sula Vineyards Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 8 10 16 14 3 37 41 10 16 97
Cash Flow from Operating Activities 10 8 2 13 15 45 120 87 90 121 58
Cash Flow from Investing Activities -66 -30 -55 -59 -56 -44 -22 -57 -74 -43 -75
Cash Flow from Financing Activities 64 25 59 44 30 33 -94 -61 -9 2 -74
Net Cash Inflow / Outflow 8 2 6 -2 -11 34 3 -31 6 81 -90
Closing Cash & Cash Equivalent 8 10 16 14 3 37 41 10 16 97 7

Sula Vineyards Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.53 2.77 1.19 1.68 0.96 -1.76 0.33 6.63 9.98 11.06 8.32
CEPS(Rs) 3.75 4.15 2.89 3.75 3.59 2.86 3.78 9.64 13.05 14.8 12.46
DPS(Rs) 0.1 0.4 0.4 1 0.6 0.6 0 4.9 8.35 8.5 3.6
Book NAV/Share(Rs) 33.72 36.04 41.71 42.86 42.86 39.76 40.24 49.96 63.08 65.02 68.91
Core EBITDA Margin(%) 14.14 14.85 11.26 12.28 12.34 9.24 14.58 24.96 28.45 28.89 24.07
EBIT Margin(%) 11.73 12.2 8.06 9.11 9.09 2.93 8.75 20.37 24.4 24.96 19.05
Pre Tax Margin(%) 10.54 10.07 4.74 5.21 4.68 -3.28 0.76 15.32 20.6 20.67 14.26
PAT Margin (%) 6.61 6.05 2.43 2.86 1.29 -2.55 0.67 11.49 15.19 15.33 11.33
Cash Profit Margin (%) 9.79 9.07 5.89 6.4 4.84 4.06 6.82 16.69 19.86 20.53 16.98
ROA(%) 4.92 4.74 1.6 1.92 1 -1.67 0.35 6.91 9.9 9.5 6.42
ROE(%) 7.51 7.95 3.07 3.97 2.25 -4.35 0.93 14.98 18.19 17.28 12.42
ROCE(%) 10.93 12.49 7.03 7.77 8.74 2.42 5.74 15.03 20.04 19.31 13.62
Receivable days 80.78 81.18 105.17 116.36 109.39 114.63 121.38 93.68 73.84 85.2 119.04
Inventory Days 129.98 115.37 128.99 115.93 94.96 113.23 137.66 123.11 112.48 112.95 121.96
Payable days 157.74 140.62 155.22 209.01 151.66 161.03 201.41 296.26 324.02 386.65 356.54
PER(x) 0 0 0 0 0 0 0 0 36.86 49.83 32.39
Price/Book(x) 0 0 0 0 0 0 0 0 5.83 8.47 3.91
Dividend Yield(%) 0 0 0 0 0 0 0 0 2.27 1.54 1.34
EV/Net Sales(x) 0.22 0.28 0.5 0.59 0.6 0.71 0.69 0.53 6.3 8.53 4.41
EV/Core EBITDA(x) 1.42 1.84 3.85 4.09 4.29 6.79 4.1 1.94 20.23 26.39 16.71
Net Sales Growth(%) 0 23.04 -4.26 17.75 31.94 -2.98 -20.46 9.97 21.7 9.92 2.01
EBIT Growth(%) 0 24.46 -29.2 35.34 28.5 -69.33 135.97 152.82 46.08 12.49 -22.33
PAT Growth(%) 0 9.52 -56.93 40.97 -41.9 -288.14 120.77 1758.79 61.2 11.02 -24.77
EPS Growth(%) 0 9.48 -56.93 40.59 -42.99 -284.1 118.97 1885.48 50.39 10.82 -24.77
Debt/Equity(x) 0.22 0.34 0.53 0.71 0.91 1.23 0.99 0.58 0.36 0.55 0.51
Current Ratio(x) 1.96 1.51 1.22 1.15 1.09 1.12 1.11 1.28 1.47 1.3 1.43
Quick Ratio(x) 1.08 0.94 0.69 0.72 0.65 0.71 0.68 0.72 0.92 0.79 0.86
Interest Cover(x) 9.85 5.72 2.42 2.34 2.06 0.47 1.1 4.03 6.41 5.81 3.98
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0.06 0.06 0.13

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 11% 4% 8%
Operating Profit CAGR -17% 10% 25% 14%
PAT CAGR -25% 10% 0% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -47% -27% NA% NA%
ROE Average 12% 16% 13% 8%
ROCE Average 14% 18% 15% 11%

Company Contact Information

Sula Vineyards Ltd.

901 , Solaris One N . S . Phadke Marg Andheri (East)

IPO Lead Manager(s)

Sula Vineyards Ltd.

CLSA India Ltd

IIFL Securities Ltd.

Kotak Mahindra Capital Co Ltd

Registrar Info

Sula Vineyards Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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