What Sula's IPO means for its public-market investors
The IPO gave an exit to shareholders to offload shares worth $116M in the public markets
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Show Notes
After 23 years of business in India, Sula has grown to become the giant that dominates the Indian wine market.
Last month, the wine-maker decided to go public through an IPO. The money, however, went straight to some of the investors who cashed out.
And on Dec 22, when it listed on the stock exchanges, Sula’s stock opened flat and fell into discount.
What does the IPO mean for Sula's public-market shareholders then?
Tune in to find out
With inputs from Aayush Agarwal