Vrundavan Plantation IPO is a fixed price issue of Rs 15.29 crores. The issue is entirely a fresh issue of 14.16 lakh shares.
Vrundavan Plantation IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Vrundavan Plantation IPO is expected to be finalized on Monday, November 6, 2023. Vrundavan Plantation IPO will list on BSE SME with tentative listing date fixed as Thursday, November 9, 2023.
Vrundavan Plantation IPO price is ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
Interactive Financial Services Ltd is the book running lead manager of the Vrundavan Plantation IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Vrundavan Plantation IPO is Nnm Securities.
Refer to Vrundavan Plantation IPO RHP for detailed information.
Vrundavan Plantation IPO Details
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | [09 November 2023.] |
| Face Value | ₹10 per share |
| Price | ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,416,000 shares (aggregating up to ₹15.29 Cr) |
| Fresh Issue | 1,416,000 shares (aggregating up to ₹15.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,916,728 |
| Share holding post issue | 5,332,728 |
| Market Maker portion | 72,000 shares Nnm Securities |
Vrundavan Plantation IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Vrundavan Plantation IPO Timeline (Tentative Schedule)
Vrundavan Plantation IPO opens on October 30, 2023, and closes on November 1, 2023.
| IPO Open Date | Monday, October 30, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Vrundavan Plantation IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
| Lot Size Calculator |
Vrundavan Plantation IPO Promoter Holding
The promoter of the company is Upendra Tiwari
| Share Holding Pre Issue | 85.29% |
| Share Holding Post Issue | 62.65% |
About Vrundavan Plantation Limited
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.
Vrundavan Plantation Limited Financial Information (Restated)
| Period Ended | 31 May 2023 |
| Assets | 2,321.67 |
| Revenue | 180.68 |
| Profit After Tax | 17.33 |
| Net Worth | 413.82 |
| Reserves and Surplus | 22.15 |
| Total Borrowing | 17.47 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 34.62 |
| ROE | 8.35% |
| ROCE | 6.71% |
| Debt/Equity | 0.47 |
| EPS (Rs) | 0.52 |
| RoNW | 4.19 |
Check Vrundavan Plantation IPO Peer Comparison here.
Objects of the Issue (Vrundavan Plantation IPO Objectives)
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 Contact Details
Vrundavan Plantation Limited
307, Sun Avenue One,
Nr. Sun Prima, Ambawadi Na,
Ahmedabad, 380006
Phone: 079 3520 1135
Email: cs@vrundavanplantation.com
Website: http://www.vrundavanplantation.com/
Vrundavan Plantation IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/