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December 12, 2022 - December 14, 2022

Sula Vineyards IPO Basis of Allotment

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SULA VINEYARDS LIMITED

Our Company was incorporated as "Nashik Vineyards Limited" as public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies. Maharashtra at Mumbai ('RoC') on February 26, 2003. Our Company was granted the certificate for commencement of business on March 6, 2003 by the RoC The name of our Company was changed to Nashik Vintners Private Limited', pursuant to a fresh certificate of incorporation consequent on change of name issued by the RoC on January 24, 2006. Subsequently, the name of our Company was changed to ‘Sula Vineyards Private Limited'. pursuant to a certificate of incorporation pursuant to change of name issued by the RoC on August 11, 2014 0n the converse on of our Company to a public Limited company pursuant to a resolution passed by our Shareholders on December 27, 2021 our name was changed to Sula Vineyards Limited and a fresh certificate of incorporation was issued by the RoC on February 11, 2022 For details of the change in registered office of our Company, see ‘History and Certain Corporate Matters' beginning on page 234 of the Prospectus of the Company dated December 15, 2022 filed with the RoC ("Prospectus")

Corporate Identity Number: U15549MH2003PLC139352
Registered and Corporate Office: 901 Hubtown Solaris. N S Phadke Marg Andheri (East) Mumbai 400 069 Maharashtra, India Contact Person: Ruchi Sathe. Company Secretary and Compliance Officer Tel: +91 22 6128 0606 E-mail: cs@sulawines.com ; Website: www.sulavineyards.com
PROMOTER OF OUR COMPANY: RAJEEV SAMANT

Our Company has filed die Prospectus dated December 15, 2022 with the RoC, and the Equity Shares are proposed to be listed on the Na tonal Stock Exchange of India United (USE land BSE United (BSE land trading will commence on Thursday. December 22, 2022

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 26,900,530 EQUITY SHARES OF FACE VALUE OF Rs 2 EACH ("EQUITY SHARES") OF SULA VINEYARDS LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs 357 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 355 PER EQUITY SHARE) (THE "OFFER PRICE") AGGREGATING TO Rs 9,60349 MILLION (THE "OFFER FOR SALE" OR THE OFFER") AS PER THE TABLE PROVlDED BELOW.

Name of Promoter Selling Shareholder Type Number of Equity Shares offered
Rajeev Samant 937,203 Equity Shares
Name of Investor SeIling Shareholder Type Number of Equity Shares offered
Cofintra S.A. 7,191,835 Equity Shares
Haystack Investments Limited 200,000 Equity Shares
Saama Capital III. Ltd. 687,389 Equity Shares
SWIP Holdings Limited 121,076 Equity Shares
Verlinvest S.A. 7,191,835 Equity Shares
Verlinvest France S,A 6,579,565 Equity Shares

 

Name of Other Selling Shareholder Type Number of Equity Shares offered
Dinesh G. Vazirani 50,000 Equity Shares
J.A. Moos 2,250 Equity Shares
Karishma Singh 479,063 Equity Shares
Major A.V.Phalak (Retd.) 8,625 Equity Shares
Narain Girdhar Chanrai 1,007,314 Equity Shares
Ruta M. Samant 2,014,758 Equity Shares
Sanjay Naraindas Kirpalani 429,617 Equity Shares

THE OFFER SHALL C ONSTITUTE 31.95% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

ANCHOR INVESTOR OFFER PRICE: Rs 357 PER EQUITY SHARE OF FACE VALUE OF Rs 2 EACH
OFFER PRICE: Rs 357 PER EQUITY SHARE OF FACE VALUE OF Rs 2 EACH
THE OFFER PRICE IS 178.50 TIMES OF THE FACE VALUE
Risks to Investors:

1 The weighted average cost of acquisition of all Equity Shares transacted in last one year, 18 months and three years preceding the date of the Prospectus:

Period Weighted average cost of acquisition (Rs) Offer Price (Rs 357) is 'X' times the weighted average cost of acquisition Range of Acquisition Price (in Rs) Lowest Price - Highest Price
Promoter Selling Shareholders Promoter Selling Shareholders Promoter Selling Shareholders
Last 1 Year 163.49 Nil 2.18 Nil 163.49 **
Last 18 months 161.12 240.00 2.22 1.49 161.12 240.00** -240.90
Last 3 years 159.08 240.00 2.24 1.49 159.08 240.00** -240.90

** Excluding transfer by way of gift and transmission of shares as no consideration was paid.

2 Our business operations are concentrated in three states contributing 69.59% to our consolidated gross billings in FY22.

3 Our industry is subject to a licensing and excise regime with changing laws, rules and regulations. Any increase in number of states prohibiting the consumption and sale of alcoholic beverages or any other restrictions on the manufacture Or sale of alcoholic beverages, would have a material adverse effect on our business and financial prospects.

4 We have protection from high import duties imposed on imports of international wines in India, but these duties could be reduced or eliminated in the future, adversely affecting our Wire Business.

5 Our contracted wine grape vineyards are concentrated in certain areas of the states of Maharashtra and Karnataka in India. Adverse climatic conditions may i impact the quality of wine g rapes which are our key raw materials and supply of grapes.

5 Any supply disruptions in our raw materials could adversely affect our business. The cost of materials consumed during six months period ended September 30, 2022 and September 30, 2021 and fiscals ended March 31, 2022. 2021 and 2020 was 9.19 % 13.38%. 24.55%, 16.01% and 20.95% of the revenue from operations, respectively.

7 We may not be able to adjust the retail prices of our products as a result of state regulation in certain states where the wine market is price controlled, including but not limited to Delhi, Telangana, Tamil Nadu, Orissa, Andhra Pradesh and Kerala.

8 The details of Price/Earnings ratio, Earnings Per Share, Return on Net Worth and NET Asset value Per Share for Fiscal /As at March 31, 2022 is as follows:

Price/ Earnings Earnings Per Share (Rs) Return on Net Worth Net Asset Value per Share (Rs)
Company 54.67* 6.53 11.45 55.34
Average of listed peer group companies 83.11 15.07 13.03 121.85

At the Offer price.

9 Weighted average cost of acquisition, as compared to the Offer Price:

Types of transactions Weighted average cost of acquisition (Rs) Offer Price (i.e. Rs 357)
Past five Primary issuances/secondary transactions 170.00 2.10 times

10 The average cost of acquisition of Equity Shares held by the Selling Shareholders ranges from Nil per Equity Share to Rs 175.42 per Equity Share and Offer Price is Rs 357 per Equity Share.

11 The three BRLMs associated with the Offer have handled 59 public offers in the past three Fiscal Years, out of which 17 offers was closed below the Offer price on the listing date.

Name of the BRLMs Total Issues Issues closed below IPO Price on listing date
Kotak Mahindra Capital Company Limited 21 4
CLSA India Private Limited 1 1
IIFL Securities Limited 24 7
Common issues of above BRLMs 13 5
Total 59 17

12 The Offer comprises an Offer for Safe by the Selling Shareholders and our Company will not receive any part of the proceeds of the Offer.

BID/OFFER PROGRAMME
ANCHOR INVESTOR BIDDING DATE OPENED AND CLOSED ON FRIDAY. DECEMBER 9, 2022.
BID/OFFER OPENED ON MONDAY, DECEMBER 12, 2022 BID/OFFER CLOSED ON WEDNESDAY, DECEMBER 14, 2022

The Offer was made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957. as amended, read with Regulation 31 of the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements) Regulations. 2018 as amended ('SEBIICDR Regulations') The Offer was mace through the Book Bidding Process in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer was made available for allocation on a proportionate basis to Qualified Institutional Buyers (The 'QIBs') (the 'QIB Category'). Our Company acting through the IPO Committee, in consolation with the BRLMs, allocated 60% of the  QIB Category to Anchor Investors, on a discretionary basis (the 'Anchor Investor Portion'). One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors. 5% of the QIB Category (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Category was made available for allocation on a proportionate bass to all QIBs, including Mutual Funds, subject to valid Bids having been received from them at or above the Offer Price. Further, not less than 15% of the Offer was made available for allocation to Non-institutional Bidders, of which (a) one-third portion was reserved for applicants with application size of more than Rs 200.000 and up to Rs 1,000,000; and (b) two-thirds portion was reserved tor applicants with application size of more than Rs 1,000,000, provided that the unsubscribed portion in either of such sub-categories were allocated to applicants in the other sub-category of Non-Institutional Bidders subject to valid Bids having been received at or above the Offer Price and not less than 35% of the Offer was made available for allocation to Retail Individual Bidders, In accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders, other than the Anchor Investors, were mandatorily required to participate m this Offer only through an Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) in which the Bid amount will be blocked by the Self Certified Syndicate Banks or the Sponsor Banks The Anchor investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For further details, see 'Offer Procedure' beginning on page 425 of the Prospectus, The bedding for Anchor Investor opened and closed on December 9, 2022. The Company received 22 applications from 20 Anchor investors for 9134.536 Equity Shares The Anchor Investor Offer Price was finalized at Rs 357 per Equity Share. A total of 8,070.158 Equity Shares were allocated under the Anchor Investor Portion, aggregating to Rs 2,881,046,406 00. The Offer received 260,568 applications for 53,025,252 Equity Shares resulting m 1.97 times subscription as disclosed m the Prospectus. The details of the applications received in the Offer from Retail individual Bidders. Non-Intuitional Bidders and QIBs are as under (before technical reactions);

SI. CATEGORY NO. NO. OF APPLICATIONS RECEIVED NO. OF EQUITY SHARES APPLIED NO. OF EQUITY SHARES RESERVED (AS PER PROSPECTUS) NO. OF TIMES SUBSCRIBED AMOUNT (Rs)
A Retail Individual Bidders 257,464 15,560,664 9,415,186 1.65 5,556,607,350.00
B Non-Institutional Bidders - more than Rs 2 lakhs and upto Rs 10 lakhs 2,254 1,561,896 1,345,027 1.16 557,243,064.00
C Non-Institutional Bidders - more than Rs 10 lakhs 806 4,549,692 2,690,053 1.69 1,624,240,044.00
D Qualified Institutions Bidders (excluding Anchors Investors) 22 22,218,462 5,380,106 4.13 7,931,990,934.00
E Anchor Investors 22 9,134,538 8,070,158 1.13 3,261,030,066.00
TOTAL 260,568 53,025,252 26,900,530 1.97 18,931,111,458.00

Final Demand

A summer of the final demand as per BSE and NSE as on the Bid/ Offer Closing Date at different Bid prices is as under;

Sr. No Bid Price (Rs) No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
1 340 246,666 0.45 246,666 0.45
2 341 20,706 0.04 267,372 0.49
3 342 25.284 0.05 292,656 0.54
4 343 4,326 0.01 296,982 6.55
5 344 4,074 0.01 301,056 0.55
6 345 86,142 0.16 387,198 0.71
7 346 4,284 0.01 391,482 0.72
8 347 13,188 0.02 404,670 0.75
9 348 14,532 0.03 419,202 0.77
10 349 10,164 0.02 429,366 0.79
11 350 149,058 0.27 578,424 1.07
12 351 11,844 0.02 590,268 1.09
13 352 10,332 0.02 600,600 1.11
14 353 5,292 0.01 605,892 1.12
15 354 5,586 0.01 611,478 1.13
16 355 47,796 0.09 659,274 1.22
17 356 33,516 0.06 692,790 1.28
18 357 31,553,760 58.16 32,246,550 59.43
CUTOFF 22,009,302 40.57 54,255,852 100.00
TOTAL 54,255,852 100.00

The Basis of Allotment was finalized in consultation With the Designated Stack Exchange, being NSE on December 19, 2022.

A. Allotment to Retail Individual Bidders (After Technical Rejections)(Including ASBA Applications) The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 357 per Equity, was finalized in consultation with NSE. This category has been subscribed to the extent of 1.58 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 9,415,186 Equity Shares to 224,171 successful applicants. The category-wise details of the Basis of Allotment are as under:

 

Category No. of Applications Received % of Total Total No. of Equity Shares applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares allotted
42 209,338 85.25 8,792,196 59.26 42 283:310 8,026,452
84 19,227 7.83 1,615,068 10.89 42 262:287 737,184
126 5,949 2.42 749,574 5.05 42 21:23 225,102
168 2,321 0.95 369,928 2.63 42 21:23 88,998
210 2,119 0.86 444,990 3.00 42 21:23 81,228
252 988 0.40 248,976 1.68 42 21:23 37,884
294 987 0.40 290,178 1.96 42 21:23 37,842
336 307 0.13 103,152 0.70 42 21:23 11,760
378 155 0.06 58,590 0.39 42 21:23 5,922
420 877 0.36 368,340 2.48 42 21:23 33,642
462 122 0.05 56,364 0.38 42 21:23 4,662
504 256 0.11 130,032 0.88 42 21:23 9,912
546 2,910 1.19 1,588,860 10.71 42 21:23 111,594
1 4:33065 4
TOTAL 245,558 100.00 14,836,248 100.00 9,415,186

Please Note : 1 additional Share shall to allotted to 4 Allottees from amongst 33,065 Successful Applicants from the categories 84-546 (i.e. excluding successful applicants from Category 42) in the ratio of 4:33065

B. Allotment to Non- Institutional Bidders (more than % 2 lakhs and upto Rs 10 lakhs) (After Technical Rejections) (Including ASBA Applications) The Basis of Allotment to The Non- Institutional Bidders (more than Rs 2 lakhs and upto Rs 10 lakhs), who have bid at the Offer Price of 7,357 per Equity Share or above, was finalized m consultation with NSE. This category has been subscribed to the extent of 1.10 The total number of Equity Shares allotted in this category is 1,345,027 Equity Shares to 2,155 successful applicants. The category-wise details of the Basis of Allotment are as under

 

Category No. of Applications Received % of Total Total No. of Equity Shares applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares allotted
583 1778 82.51 1.045,464 70.44 538 1:1 1,045,464
630 83 3.85 52,290 3.52 603 1:1 50,049
672 13 0.60 8,736 0.59 618 1:1 3,034
714 16 0.74 11,424 0.77 633 1:1 10,128
756 8 0.37 6,048 0.41 648 1:1 5,184
793 2 0.09 1,596 0.11 664 1:1 1,328
840 65 2.55 46,200 3.11 678 1:1 37,290
1 21:55 21
882 6 0.37 7,056 0.48 694 1:1 5,552
924 3 0.14 2,772 0.19 709 1:1 2,127
1,003 20 0.93 20,160 1.36 739 1:1 14,780
1,050 11 0.51 11,550 0.78 754 1:1 8,294
1,092 11 0.51 12.012 0.81 769 1:1 8459
1,134 10 0.46 11,340 0.76 784 1:1 7,840
1,176 4 0.19 4,704 0.32 799 1:1 3,196
1,218 2 0.09 2,436 0.16 814 1:1 1,628
1,260 22 1.02 27,720 1.87 829 1:1 18,238
1,302 2 0.09 2.604 0.18 845 1:1 1,690
1,344 3 0.14 4,032 0.27 859 1:1 2,577
1,386 24 1.11 33,264 2.24 874 1:1 20,976
1,428 10 0.46 14,280 0.96 890 1:1 8,900
1,470 8 0.37 11,760 0.79 905 1:1 7,240
1,512 1 0.05 1,512 0.10 920 1:1 920
1,554 1 0.05 1,554 0.10 935 1:1 935
1,680 9 0.42 15,120 1.02 980 1:1 8,820
1,764 4 0.19 7,056 0.48 1,010 1:1 4,040
1,848 1 0.05 1,848 0.12 1,040 1:1 1,040
1,932 1 0.05 1,932 0.13 1,070 1:1 1,070
1,974 1 0.05 1,974 0.13 1,085 1:1 1,085
2,016 1 0.05 2,016 0.14 1,100 1:1 1,100
2100 4 0.19 8,400 0.57 1,131 1:1 4,524
2,268 1 0.05 2,268 0.15 1,191 1:1 1,191
2,310 1 0.05 2,310 0.16 1,206 1:1 1,206
2,352 2 0.09 4,704 0.32 1,221 1:1 2,442
2,478 1 0.05 2,478 0.17 1,266 1:1 1,266
2,520 2 0.09 5,040 0.34 1,282 1:1 2,564
2,730 5 0.23 13,650 0.92 1,357 1:1 6,785
2,772 27 1.25 74,844 5.04 1,372 1:1 37,044
TOTAL 2,155 100.00 1.484,154 100.00 1,345,027

Please Note: 1 additional Share has been allocated to Category 840 in the ratio of 21:55.

C. Allotment to Non-Institutional Bidders (more than Rs10 lakhs) (After Technical Rejections) (including ASBA Applications) The Basis of Allotment to the Non-Institutional Bidders (more than Rs 10 lakhs) who have bid at the Offer Price of 1357 per Equity Share or above, was finalized in consultation with NSE This category has been subscribed to the extent of 1.52 times The total number of Equity Shares allotted in this category is 2,690,053 Equity Shares to 739 successful applications the category-wise details of the basis of allotment as under.

 

Category No. of Applications Received % of Total Total No. of Equity Shares applied % to Total No. of Equity Shares allotted per applicant Ratio Total No. of Equity Shares allotted
2,814 624 84.44 1755,936 40.29 1,867 1:1 1,165,008
33:59 349
2,856 15 2.03 42,840 0.98 1,892 1:1 28,380
2,898 1 0.14 2,898 0.07 1,916 1:1 1,916
2,940 12 1.62 35,280 0.81 1,940 1:1 23,280
2,982 2 0.27 5,964 0.14 1,964 1:1 3,928
3,108 1 0.14 3,106 0.07 2,037 1:1 2,037
3,150 2 0.27 6,300 0.14 2,061 1:1 4,122
3,360 3 0.41 10,080 0.23 2,181 1:1 6,543
3,402 2 0.27 6,804 0.16 2,206 1:1 4,412
3,612 1 0.14 3,612 0.08 2,326 1:1 2,326
4,158 1 0.14 4,158 0.10 2,640 1:1 2,640
4,200 14 1.89 58,800 1.35 2,664 1:1 37,296
4,242 1 0.14 4,242 0.10 2,689 1:1 2,689
4,998 1 0.14 4,998 0.11 3,123 1:1 3,123
5,040 2 0.27 10,080 0.23 3,147 1:1 6,294
5,586 6 0.81 33,516 0.77 3,461 1:1 20,766
5,628 3 0.41 16,884 0.39 3,485 1:1 10,455
5,880 1 0.14 5,580 0.13 3,630 1:1 3,630
6,006 1 0.14 6,006 0.14 3,702 1:1 3,702
6,300 2 0.27 12,600 0.29 3,872 1:1 7,744
6,342 1 0.14 6,342 0.15 3,896 1:1 3,896
6,384 1 0.14 6,384 0.15 3,920 1:1 3,920
7,014 4 0.54 28,056 0.64 4,282 1:1 17,128
7,980 1 6.14 7,960 0.18 4,837 1:1 4,837
8,400 2 0.27 16,800 0.39 5,079 1:1 10,158
8,442 2 0.27 16,884 0.39 5,103 1:1 10,206
9,996 1 0.14 9,996 0.23 5,996 1:1 5,996
10,710 1 0.14 10,710 6.25 6,406 1:1 6,406
11,172 1 0.14 11,172 0.26 6,672 1:1 6,672
11,256 1 0.14 11,256 0.26 6,720 1:1 6,720
11,340 1 0.14 11,340 0.26 6,769 1:1 6,769
12,558 1 0.14 12,558 0.29 7,469 1:1 7,469
12,600 2 0.27 25,200 0.58 7,493 1:1 14,986
13,986 7 0.95 97,902 2.25 8,290 1:1 58,030
14,280 1 0.14 14,280 0.33 8,459 1:1 8,459
14,700 1 0.0 14,700 0.34 8,700 1:1 8,700
16,800 1 0.14 16,800 0.39 9,907 1:1 9,907
21,000 1 0.14 21,000 0.48 12,321 1:1 12,321
23,562 1 0.14 23,562 0.54 13,794 1:1 13,794
27,972 1 0.14 27,972 0.64 16.329 1:1 16,329
28,014 2 0.27 56,028 1.29 16,354 1:1 32,708
29,400 1 0.14 29,400 0.67 17,150 1:1 17,150
29,652 1 0.14 29,652 0.68 17,295 1:1 17,295
31,500 1 0.14 31,500 0.72 18,357 1:1 18,357
42,000 1 0.14 42,000 0.96 24,393 1:1 24,393
44,226 3 0.41 132,678 3.04 25,672 1:1 77,016
75,600 1 0.14 75,600 1.73 43,707 1:1 43,707
700,266 1 0.14 700,266 16.07 402,784 1:1 402,784
840,336 1 0.14 840,336 19.28 483,300 1:1 483,300
TOTAL 739 100.00 4,358,340 100.00 2,690,053

Please Note; 1 additional share has been allocated to the category 2,814 in the ratio of 33:59

D. Allotments QIBs (After Technical Rejections) Allotment to QIBs, who have bid at the Offer Price of Rs 357 per Equity Share or above, has been done on a proportionate basis m consultation with NS E. This category has been subscribed to the extent of 4,13 limes of Net QIB portion As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net CUB portion available i.e 269,006 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 5,111,100 Equity Shares on a proportionate basis The total number of Equity Shares allotted in the QIB category is 5,380, 106 Equity Shares, which were a cited to 22 successful Applications

 

Category FI's/BANK's MF's IC's NBFC's AIF's FII's.'FPC's VC's Others Total
Allotment 97,800 1295,968 1,324,039 - - 2,323,137 - 339,162 5,380,106

 

E. Allotment to Anchor Investors (After Technical Rejections) The Company acting through is IPO Committee, in consultation with the BRIMs, have allocated 8,070,158 Equity Shares of Rs 20 Anchor Investors (through 22 Anchor Investor Application Forms) (including 3 domestic Mutual Funds through 5 schemes) at an Anchor Investor Offer Price at Rs 357 per Equity Share in accordance with SEBIICDR Regulations. This represents 60% of the QIB portion.

 

Category FI's, BANK'S MF's IC's NBFC's AIFs FPC's Others Total
Allotment 2,521,134 1,430,982 - - 4,118,042 - 8,070,158

The IPO Committee of our Company at its meeting held on December 19, 2022 has taken on record the basis of a Statement of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants The Allotment Advice Cum Refund Intimation and for notices have been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSSs have been issued for unblocking of funds and transfer to the Public Offer Account on December 19,2022 and the payments to non-syndicate brokers have been issued on December 20, 2022. In case the same is not received within ten days investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on December 20, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has fried the Listing application with NSE and BSE on December 20, 2022. The Company has received the listing and trading approval from NSE & BSE, and trading will commence on December 22, 2022 Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them m the Prospectus

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Offer, KFin Technologies Limited at www.kfintech.com .

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the Bid cum Application form number, Bidders DP ID, Client ID, PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for name of the Member of the Syndicate place where the Bid was submitted and payment details at the address given below:

wpeA9.jpg (7289 bytes)
KFin Technologies Limited
(Formerly known as KFin Technologies Private Limited)
Selenium, Tower B Plot Mo 31 and 32, Financial District, Manakramguda, Serilmgampatiy Hyderabad, Rangareddi 500 032, Tetangana India
Tel: +91 40 6716 2222: E-mail; sula.ipo@kfintech.com : Website; www.infratech.com . Investor grievance e-mail: einward.ris@kfintech.com 
Contact person: M Murali Krishna: SEBI registration No.: INR00GG00221

 

For SULA VINEYARDS LIMITED
On behalf of the Board of Directors
Sd/-
Place: Mumbai, Maharashtra Ruchi Sathe
Date : December 21, 2022 Company Secretary & Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SULA VINEYARDS LIMITED.

SULA VINE YARDS LIMITED has filled a Prospectus dated December 15, 2022 (the "Prospectus") with SEBI and the RoC. The Prospectus is available on the website of the SEBI at www.sebi.gov.in  as well as on the websites of the BRLMs i.e., Kotak Mahindra Capital Company Limited at https//.investmentbank.kotak.com / CLSA India Private Limited at www.indiacfsa.com  and URL Securities Limited at wvw.iiflcap.com, the website of the National Stock Exchange of India Limited at www.nseindia.com  and the website of the BSE Limited at www.bseindia.com , respectively. Any potential investor should note that investment in equity shares involves a high degree of risk arid for details relating to such risks, see "Risk Factors" beginning on page 30 of the Prospectus. Potential investors should not rely on the DRHP for any investment decision.

The Equity Shares have not been and will not be registered under the US. Securities Act or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United Stales, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U S Securities Act and applicable state securities laws in the United States. Accordingly, the Equity Shares are being offered and sold (i) within the United Slates only to U S. QIBs in transactions exempt from, or not subject to the registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore transactions' as defined in. and in reliance on. Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offer and sales occur For (he avoidance of doubt, the term "US. QIBs' does not refer to a category of institutional investors defined under applicable Indian regulations and referred to in the Prospectus as "QIBs".



Sula Vineyards IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Sula Vineyards IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Sula Vineyards IPO basis of allotment (published above) tells you how shares are allocated to you in Sula Vineyards IPO and category wise demand of IPO share.

Visit the Sula Vineyards IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Sula Vineyards IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).