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:-
- Well diversified and specialty service offerings
- Organizational stability combined with stong management competence
- Strong bond with exisiting clients.
Company Promoters
Upendra TiwariIPO Details
| IPO Opening Date | Oct 30, 2023 |
| IPO Closing Date | Nov 01, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹15.29 Cr |
| Fresh Issue | ₹15.29 Cr |
| Offer for Sale | - |
| Retail Portion | 47.46% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Oct 30, 2023 |
| IPO Close Date | Nov 01, 2023 |
| Basis of Allotment Date | Nov 06, 2023 |
| Initiation of Refunds | Nov 07, 2023 |
| Credit of Shares to Demat Account | Nov 08, 2023 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹129600 |
| Maximum | 1 | 1200 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 85.29% |
| Post Issue Share Holding | 62.65% |
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
