Sula Vineyards Limited was incorporated in 2003, it is India's largest wine producer and seller as of March 31, 2022

The 3-day initial public offering (IPO) of winemaker Sula Vineyards will open for public subscription next week on 12 to 14 December

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The price band has been fixed at ₹340-357 a share. The bidding for anchor investors will open on Friday, December 9

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The company's shares are expected to list on leading stock exchanges BSE and NSE on Thursday, December 22, 2022

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It produces 56 different labels of wines across 13 distinct brands at its four owned and two leased production facilities located in Maharashtra and Karnataka

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The company build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021

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As per market observers, Sula Vineyards shares are commanding a premium (GMP) of ₹43 in the grey market today

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