The shareholders plan to offload 25,546,186 equity shares through the OFS route in the IPO. Sula over the last two decades has grown and established itself as a pioneer, innovator, and leader in the Indian wine industry.

Sula Vineyards files IPO papers with Sebi – Food Industry News

India’s biggest and most granted wine brand, Sula Vineyards has documented its draft plan with market standard Sebi to send off its first sale of stock (IPO). Sula IPO has been in information since the month before. The public making will be altogether in offer available for purchase (OFS) under which investors like advertisers, financial backers, and others will take part.

The investors intend to offload 25,546,186 value shares through the OFS course in the IPO. These investors are – advertiser, organizer, and CEO Rajeev Samant alongside financial backers, for example, Cofintra, Haystack Investments Limited, Saama Capital III, Ltd, SWIP Holdings Limited, Verlinvest S.A, and Verlinvest France S.A.

For the issue, Kotak Mahindra Capital Company, CLSA India, and IIFL Securities are going about as the book-running lead supervisors, announced by PTI.

Sula throughout the course of recent many years has developed and set up a good foundation for itself as a trailblazer, pioneer, and pioneer in the Indian wine industry.

The organization’s broad wine portfolio traverses a large number of items produced using around 15 different grape assortments. Its primary wine classifications incorporate RASA, The Source, Dindori Reserve, Sula Classics, and York.

Sula has gained wonderful headway in more than 10 years. In the 100 percent grapes wine classification, the organization’s piece of the pie based on income, expanded from 33% in FY09 to 52% in FY20 and further to 52.6 in FY21.

As of now, the organization produces 56 unique marks of wines across 13 region brands at its four-possessed and two rented creation offices that are arranged in Maharashtra and Karnataka.

The Sula offers will be recorded on BSE and NSE after the public proposition.