Sula Vineyards' ₹960.35-crore IPO was subscribed 0.59 times on the second day of bidding as it received bids for 1.10 crore equity shares against an offer size of 1.88 crore shares. The offer size has been reduced to 1.88 crore shares from 2.69 crore shares after the company raised ₹288.10 crore through the anchor book on December 9.