Sula Vineyards, India’s leading wine maker's share sale, was subscribed 0.28 times on the first day of its initial public offering (IPO). Out of the 1.88 crore equity shares up for grabs, 52.34 lakh shares have received bids.
In the retail category, Sula has been subscribed 0.48 times with retail investors having bid for almost 45 lakh equity shares out of the 94 lakh shares reserved for them.