Sula Vineyards : Sula Vineyards is a wine company. Its IPO is about to come. The market regulator for the IPO of Sula Vineyards is the Securities and Exchange Board of India (SEBI). Approval has been received from their side too. We tell you that the country’s leading wine producer and cellar are Sula Vineyards. It has got approval from SEBI to issue its IPO. Sula Vineyards Co. They have a public issue in the month of July this year. A draft prospectus was filed for the same.
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These IPOs will be an outright offer of sale (OFS). In this, the promoters, investors and other shareholders are held. 25,546,186 equity shares will be offered to him. Sula Vineyards Company sells white, red, and sparkling wine. It has 13 brands and produces 56 types of alcohol.
The profit of the company in the financial year 2022 has increased manifold.
As reported last year by Sula Vineyards. The manufacturing capacity of the company was 14.5 million liters. The profits of the company in the financial year 2022. That increased manifold and this profit increased to Rs 52.14 crore. Whereas the profit they had in the financial year 2021. That was only Rs 3.01 crore. During this period, the revenue grew by 8.60 percent and stood at 453.92 percent.
This company was established in the year 1996
This company is one of the biggest companies in the wine market. Talking about the establishment of this company, this company was established in the year 1996. Sula Vineyards has four plants in Maharashtra and Karnataka and has also taken two plants on lease. Apart from this, the company also has two wine resorts which are present in Nashik. The company that is coming with the IPO. The amount will be collected from this IPO. The company will use that amount to pay off its debt. Along with this, that amount will also be invested in new projects.
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Liquor company Sula Vineyards is bringing IPO know the opportunity to earn
Sula Vineyards is a wine company. Its IPO is about to come. The market regulator for the IPO of Sula Vineyards is the Securities and Exchange Board of India (SEBI). Approval has been received from their side too.
Story first published: Wednesday, November 9, 2022, 19:16 [IST]