Sula Vineyards IPO: Sula Vineyards shares will be listed today, these signals are coming from the gray market – sula vineyards shares will be listed today

Weak response in gray market

Shares of Sula Vineyards Limited is getting weak response in the gray market. Sula Vineyards shares may get listed at a discount as per the gray market indications. Prior to the opening of the issue, the shares of Sula Vineyards Ltd. were trading at a gray market premium of Rs.71 each. Wherein now, its shares are available at a discount of Rs.11. Its shares have been issued at a price of Rs.357. On the other hand, according to indications, the listing of shares of Sula Vineyards Limited can be done at a price of Rs.346.

IPO Next Week: Great opportunity to earn! Two new IPOs are going to open next week, see details quickly

The company had applied in July

The existing shareholders of the company are selling 26,900,530 equity shares through the Offer for Sale (OFS). It is noteworthy that the company had applied to SEBI for IPO in July this year. The company has appointed Kotak Mahindra Capital, CLSA and IIFL Securities as managers for the IPO process. Kfin Technologies has been appointed as the Registrar for this IPO. The shares of Sula Vineyards will be listed on both the exchanges i.e. BSE and NSE.

Multibagger Penny Stocks: This stock made investors millionaires! Gave a whopping return of 1113%

The company makes many types of wines

Sula Vineyards opened its first vineyard in 1996. In the year 2000, for the first time, the company also started making wine from different varieties of grapes. Presently, the company produces 56 types of wines under 13 different brands. The company has a total of 6 production facilities in Maharashtra and Karnataka. Out of this, 4 facilities belong to the company and 2 facilities are taken on lease. The primary source of income for Sula Vineyards is the sale of wine. But it also has other sources of income. The company also owns two wine resorts. Tourists stay in it. They do wine tasting. This also earns the company. Both these resorts are in the Nashik district of Maharashtra. Their names are Beyond Sula and The Source at Sula.