Sula Vineyards IPO subscribed 85% on last day, retail quota fully subscribed
The quota for retail bidders was booked 1.25 times, whereas the allocation for non-institutional investors fetched 65% bids. However, the portion for qualified institutional bidders was subscribed only 30%. Brokerage firms remain mixed on the issue. A few are 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.
