Sula vineyards files for IPO
News: As per media sources (ET), Sula vineyards has e-filed its DRHP.with SEBI. The issue consists of pure OFS. The company is backed by consumer focussed Belgian Family Office Verlinvest (made its first investment a decade back).
Views: The IPO is a pure play on the wine segment (market leader with 13 brands) and through its two wine resorts. While the segment remains small, amid a dominating whisky segment, it is witnessing a surge in recent quarters (media sources) due to luxury tourism vertical and rising affluence among domestic customers.