IPO: Sula Wines IPO more suitable for investors with high risk appetite

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Other brands include Rasa, Dindori, Satori, Madera and Dia. It has a network of more than 13,500 retail touchpoints and over 8,000 restaurants and hotels.

Synopsis

Low promoter holding of 27.3% after the IPO, regulatory risks related to the liquor industry and highly volatile operating margins are additional risks to the business. Given these factors, the issue looks more suitable for long-term investors with a high-risk appetite.

ET Intelligence Group: Sula Vineyards, a market leader in the Indian wine segment, plans to raise up to ₹960 crore through an offer for sale to give a partial exit to institutional investors. Several other insiders are also offloading a major chunk of their holdings.

Low promoter holding of 27.3% after the IPO, regulatory risks related to the liquor industry and highly volatile operating margins are additional risks to the business. Given

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