Sula Vineyards makes tepid debut; lists at 1% premium to issue price

Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price of Rs 357 per share on the BSE.

Sula Vineyards has made a tepid stock market debut, with its shares listed at Rs 361, a 1 per cent premium to its issue price of Rs 357 per share on the National Stock Exchange (NSE) on Thursday. The stock of breweries & distilleries company opened almost on par at Rs 358 on the BSE.

Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price on the BSE. At 10:02 AM; the stock traded at Rs 348.50, lower by 2 per cent from its issue price. In comparison,