Sula Vineyards IPO: Here's how to check allotment status and GMP

Incorporated in 2003, Nashik-based Sula funds is India's largest wine producer and seller. It has a bouquet of popular brands, including Sula, RASA, Dindori, The Source, Satori, Madera, and Dia, among others.

Last heard, the shares of Sula Vineyards were trading flat or at a discount of Rs 5-10 in the grey market. The scrip is likely headed for a flat listing at the bourses.

The company's Rs 960 crore IPO was sold in the range of Rs 340-357 per share, and received a muted response, with over 2.33 times subscriptions between December 12-14.


The quota reserved for qualified institutional buyers (QIBs) was subscribed 4.13 times, while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 1.51 times and 1.65 times, respectively.

Brokerages remained mixed on the issue. A few were bullish on the company's growing fundamentals and high entry barriers, whereas others are skeptical over its aggressive valuations, despite being pure and OFS play.

Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Sula Vineyards Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on 'I am not a Robot' and hit submit.

You can also check the allotment status on the online portal of KFin Technologies Limited (https://kosmic.kfintech.com/ipostatus), the registrar to the issue.

The registrar is a Sebi-registered entity, qualified to act as such, which electronically processes all applications, and carries out the allotment process, as per the prospectus.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching, and uploading refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of KFin Technologies Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalized
3) You may be required to select either one of the three modes: Application number, Demat Account number, or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit.

Bidders who could not get allotment in the IPO may see the initialisation of refunds on December 20. Others, who would be allotted shares may see the credit of shares, in the Demat account by December 21. The listing of the IPO is likely on December 22.