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Sula Vineyards IPO Subscription Status

Sula Vineyards IPO was subscribed 2.33 times when bidding closed on 14 Dec 2022: QIB 4.13x, NII 1.51x, Retail 1.65x.

The Sula Vineyards IPO has been subscribed 2.33x times overall. Retail investors have shown interest with bids for 1.65x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.51x. Within NII, Big HNI (B-HNI) subscribed 1.69x and Small HNI (S-HNI) subscribed 1.15x. Qualified Institutional Buyers (QIBs) have subscribed 4.13x. Data last updated on 10 Nov, 11:41 AM.

The IPO subscription period has ended. The issue opened on 12 Dec, 2022 and closes on 14 Dec, 2022. The shares are expected to list on stock exchanges on 22 Dec, 2022.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:41 AM
Category Bid details Times
QIB - of - - 4.13x
NII - of - - 1.51x
bHNI — bid amount above ₹10 Lakh
- - 1.69
sHNI — bid amount ₹2–10 Lakh
- - 1.15
Retail - of - - 1.65x
TOTAL - - 2.33x
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Sula Vineyards IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
2 out of 3
~60.6% chance per PAN — based on 1.65x subscription. Winners get exactly 1 lot (₹14,994) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
4 out of 5
~87% chance — based on 1.15x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
3 out of 5
~59.2% chance — based on 1.69x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
4.13x
Proportionate allotment — at 4.13x, institutions receive ~24.2% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 60.6% for a single lot.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
14 Dec 2022
Day 3
2.33x ▼
QIB4.13x BHNI1.69x SHNI1.15x Retail1.65x
13 Dec 2022
Day 2
0.59x ▼
QIB- BHNI0.41x SHNI0.53x Retail0.99x
12 Dec 2022
Day 1
0.28x ▼
QIB- BHNI0.16x SHNI0.23x Retail0.48x

Sula Vineyards IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 12 Dec 2022
  2. Close 14 Dec 2022
  3. Allotment 19 Dec 2022
  4. Refund/credit 20 Dec 2022
  5. Listing 22 Dec 2022

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
ABU DHABI INVESTMENT AUTHORITY - MONSOON ₹40.00 Cr 13.88%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO ₹35.00 Cr 12.15%
HDFC SMALL CAP FUND ₹30.00 Cr 10.41%
SBI CONTRA FUND ₹25.00 Cr 8.68%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE INDIA GENNEXT FUND ₹15.00 Cr 5.21%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND ₹15.00 Cr 5.21%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED ₹13.03 Cr 4.52%
HDFC LIFE INSURANCE COMPANY LIMITED ₹13.03 Cr 4.52%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED ₹13.03 Cr 4.52%
MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF01108/02/07LIFEGRWSUP104 - GROWTH SUPER FUND ₹12.00 Cr 4.17%
ASHOKA INDIA EQUITY INVESTMENT TRUST PLC ₹10.00 Cr 3.47%
GOLDMAN SACHS (SINGAPORE) PTE. - ODI ₹10.00 Cr 3.47%
INDIA ACORN FUND LTD ₹10.00 Cr 3.47%
JUPITER INDIA FUND ₹7.00 Cr 2.43%
SEGANTII INDIA MAURITIUS ₹5.00 Cr 1.74%
MORGAN STANLEY ASIA (SINGAPORE) PTE. ₹5.00 Cr 1.74%
BNP PARIBAS ARBITRAGE ₹5.00 Cr 1.74%
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED ₹5.00 Cr 1.74%
BNP PARIBAS ARBITRAGE - ODI ₹5.00 Cr 1.74%
NEW YORK STATE TEACHERS RETIREMENT SYSTEM-MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT L.P. ₹5.00 Cr 1.74%
SBI CONSUMPTION OPPORTUNITIES FUND ₹5.00 Cr 1.74%
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED - SOUTH ASIA ACCESS FUND ₹5.00 Cr 1.74%
TOTAL ₹288.09 Cr 100.03%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Sula Vineyards IPO?

As of IPO close date (14 Dec, 2022), the Sula Vineyards IPO is subscribed 2.33x times. Retail category is 1.65x, and NII is 1.51x subscribed.

When is the allotment date for Sula Vineyards IPO?

The allotment for Sula Vineyards IPO is expected to be finalized on 19 December, 2022.

What is the GMP of Sula Vineyards?

The Grey Market Premium (GMP) for Sula Vineyards is currently ₹10, indicating a potential listing gain of 3%.

When will Sula Vineyards IPO list on the stock market?

Sula Vineyards is scheduled to list on BSE and NSE on 22 December, 2022.

What are the chances of getting allotment in Sula Vineyards IPO?

The retail category is oversubscribed at 1.65x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 4.13x mean for Sula Vineyards IPO?

Moderate — QIBs have subscribed 4.13x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Sula Vineyards IPO allotment status?

After the allotment date (19 Dec, 2022), you can check your Sula Vineyards IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
2.33x
QIB
4.13x
NII
1.51x
bHNI
1.69x
sHNI
1.15x
Retail
1.65x
Full IPO details
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