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The issue, with a price band of 340-357 per share, will list on BSE and NSE in a special pre open session. Meanwhile experts are predicting that it would most likely see a flat listing.
The issue, with a price band of 340-357 per share, will likely list on BSE and NSE on December 22 wile the tentative date of share allotment will be announced on December 19.
Sula Vineyards IPO: Market participants said Sula Vineyards IPO grey market premium (GMP) was last heard at Re 1, down from Rs 5 on Tuesday and Rs 19 on Monday. It implied that the grey market expected the company to stage a muted listing.
The firm, backed by investors such as Verlinvest Group, Cofintra S.A, Haystack Investments, Saama Capital III, SWIP Holdings, was looking to raise up to ₹960 crore from the IPO.
Sula Vineyards has been recognised as the market leader across wine variants, including red, white and sparkling wines. The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera & Dia.