Sula Vineyards IPO - The Largest Wine Brands In India: Reliance Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities' IPO Report.Sula Vineyards is India’s largest wine producer which has increased the market share in grapes wine from 33% in FY09 to 52% in FY22. Sula has wide distribution platform with access to more than 23,000 points of sale (including over 13,500 retail touchpoints and over 9,000 hotels, restaurants and caterers) as of FY22. Sula is market leader across products points from being elite (Rs 950 plus), premium (Rs 700-950), economy (Rs 400-700) and popular (less than Rs 400), with a higher share of ~61% by value in the elite and premium categories in FY22. The company has bouquet of popular brands, including Sula, RASA, Dindori, Satori, Madera and Dia. During FY20-22, Sula's revenue declined by ~7% while Ebitda clocked a compound annual growth rate of 52%. The company reported a revenue of Rs 4.5 billion (up 9% YoY) in FY22, while Ebitda grew by 86% YoY to Rs 1.1 billion in FY22. Profit after tax stood at Rs 521.4 million in FY22, up from Rs 30.1 million in FY21 and Rs 158.9 million in FY20.Sula is coming out with an initial public offering comprising fully offer for sale of ~26.9 million shares, aggregating a total of Rs 9.6 billion..Click on the attachment to read the full IPO report:.Sula Vineyards IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sula Vineyards IPO - The Largest Wine Brands In India: Reliance Securities

The company is coming out with an IPO comprising fully offer for sale of ~26.9 mn shares, aggregating a total of Rs 9.6 billion.

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