FINOCO

Sula Vineyards overview for upcoming IPO

Sula established its first vineyard in 1996, and with the introduction of Sauvignon Blanc, Chenin Blanc, Zinfandel, Riesling, Red Sparkling, and dessert wine options in 2000, it became the first company in India to produce varietal wines. The country's first vineyard resort opened its doors in 2008, and in the same year, the winery created "SulaFest," India's first music event with a wine theme. The winery opened its first wine tasting room in Fiscal 2005 at its plant in Nashik, Maharashtra. On the basis of number of people attended Sula Vineyards Ltd fest , "SulaFest" is widely acknowledged as the biggest wine music festival in India and one of the biggest wine music festivals in Asia. At its "Domaine Sula," it opened a wine tasting room in fiscal 2017.

Sula Vineyards is market leader in wine variants, including red, white and sparkling wines. The company sells wine under a variety of well-known names, including its flagship brand, Sula, as well as RASA, Dindori, The Source, Satori, Madera, and Dia. Sula is currently producing 56 different labels of wine under 13 different band names. Sula's have four owned and two leased production facilities, which are situated in the Indian states of Maharashtra and Karnataka.

The two main grape-growing regions in India are Maharashtra and Karnataka, which produce 95% of the nation's table grapes and 97% of its wine grapes. These two states also account for the majority of wine consumption, making up nearly 57% of the market. With the flagship facility in Nashik, Maharashtra, and Sula vineyard 's wine processing units in Nashik and Dindori in Maharashtra, as well as Bengaluru and Basavakalyan in Karnataka, Sula's facilities are also spread throughout the west and southwest of India.

Figures to look for Sula Vineyards IPO:-

Sula Vineyards limited has filled for Ipo and have submitted DHRP with Sebi.