India's top winemaker Sula Vineyards eyes $353m valuation in IPO

India's top winemaker Sula Vineyards eyes $353m valuation in IPO

Sula Vineyards CEO Rajeev Samant. Photo: Livemint

Sula Vineyards is aiming for a valuation of up to 29.13 billion rupees ($353 million) in India’s first initial public offering by a pure wine maker, riding high on the rise in consumption since the pandemic in a country that prefers beer, whisky and country liquor.