Use app for best experience!
Available for Android Device.

Vrundavan Plantation Limited IPO Detail

Vrundavan Plantation Limited IPO Detail

Incorporated in 1997, Vrundavan Plantation is engaged into nursery business. The company's main business comprises of Landscape Development, Horticulture/Plantation/Landscape maintenance Works, Irrigation works and Nursery Business.

The aim of the company is to protect, restore, and increase Indian forest cover and respond to climate change. The company also aims to manage 10 million hectares on forest and non-forest land to increase forest cover and improve the quality of existing forests to green India and the world.

The competitive strength of the company are as follows:-

  1. Well diversified and specialty service offerings
  2. Organizational stability combined with stong management competence
  3. Strong bond with exisiting clients.

Company Promoters

Upendra Tiwari

IPO Details

IPO Opening DateOct 30, 2023
IPO Closing DateNov 01, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹108 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtBSE SME
Issue Size₹15.29 Cr
Fresh Issue₹15.29 Cr
Offer for Sale-
Retail Portion 47.46%

IPO Subscription (Bidding Detail)

Day 1 0.65x 3.35x - 2.00x
Day 2 1.34x 7.74x - 4.54x
Day 3 11.60x 25.51x - 18.57x

IPO Tentative Timetable

The Vrundavan Plantation Limited IPO open date is Oct 30, 2023, and the close date is Nov 01, 2023. The issue may list on Nov 09, 2023.

IPO Open DateOct 30, 2023
IPO Close DateNov 01, 2023
Basis of Allotment DateNov 06, 2023
Initiation of RefundsNov 07, 2023
Credit of Shares to Demat AccountNov 08, 2023
IPO Listing DateNov 09, 2023

IPO Lot Size

The Vrundavan Plantation Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129600).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding85.29%
Post Issue Share Holding62.65%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-23 2321.67 180.68 17.33

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Repayment of Working capital and unsecured loan.

2. Working Capital Requirement

3. General Corporate Purpose,

4. Meeting Public Issue Expenses.

Vrundavan Plantation Limited IPO Registrar:

KFin Technologies Limited

Vrundavan Plantation Limited IPO Lead Manager(s):

Interactive Financial Services Ltd

Company Contact Information:

Vrundavan Plantation Limited

307, Sun Avenue One,

Nr. Sun Prima, Ambawadi Na,

Ahmedabad, 380006