Sula Vineyards, the largest wine producer and retailer in India, in its anchor book collected Rs 288.10 crore on December 9.
According to the company’s BSE filing, it has decided to allocate 80.70 lakh shares, at the upper price range, to anchor investors.
The offer’s price range has been set at Rs. 340-357 per share and will open for subscriptions between December 12 and 14.
Using the anchor book, a total of 22 investors purchased shares of the company, including notable buyers Abu Dhabi Investment Authority, Goldman Sachs, New York State Teachers Retirement System, Ashoka India Equity Investment Trust Plc, Segantii India Mauritius, Morgan Stanley, BNP Paribas Arbitrage, and Citigroup Global Markets Mauritius.
“Out of the total allocation to the anchor investors, 25.21 lakh shares were allocated to 3 domestic mutual funds through a total of 5 schemes,” Sula Vineyards said.
Aditya Birla Sun Life Trustee, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Life Insurance, HDFC Life Insurance, Aditya Birla Sun Life Insurance, and Max Life Insurance were the domestic players that purchased shares of the company.
Sula Vineyard’s 960 crore worth maiden share sale will be entirely an offer for sale (OFS) consisting of 2.69 crore shares by the promoter, investors, and other shareholders. Rajeev Suresh Samant, founder, and CEO of the wine company will also be offloading some shares. The proceeds will entirely go to the entities selling their shares.