IPO of Sula Vineyards: is India ready for a listed wine company? The market debut of Sula Vineyards will have the answer.
Sula Vineyards plans to go public this year. The company, which has seen steady revenue growth over the years, will be the only listed winemaker in the country. Will equity investors find Sula’s valuations and growth prospects attractive?
When Rajeev Samant returned to India from the United States in the early 1990s, he didn’t even have a clue about vineyards or the art of winemaking. Although Samant was introduced to wines while studying at Stanford University, it was during a visit to his family land in Nashik in 1994 that he began to seriously consider the idea of growing wine grapes. Five years later, Samant established Sula Vineyards and the company sold its first
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