Fixed Price IPO | ₹15 Cr | Listed at BSE SME | Mon, Oct 30, 2023 - Wed, Nov 1, 2023
Vrundavan Plantation IPO is a fixed price issue of ₹15.29 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹15.29 crore.
Vrundavan Plantation IPO bidding started from Oct 30, 2023 and ended on Nov 1, 2023. The allotment for Vrundavan Plantation IPO was finalized on Nov 5, 2023. The shares got listed on BSE SME on Nov 6, 2023.
Vrundavan Plantation IPO price is ₹108 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Interactive Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Vrundavan Plantation IPO RHP for detailed Information.
IPO Open
Mon, Oct 30, 2023
IPO Close
Wed, Nov 1, 2023
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹57.59 Cr
| IPO Date | 30 Oct to 1 Nov, 2023 |
| Listed on | Mon, Nov 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,16,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 72,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.7776 Cr) |
| Fresh Issue (Ex Market Maker) | 13,44,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 13,44,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 39,16,728 shares |
| Share Holding Post Issue | 53,32,728 shares |
| BSE Script Code | 544011 |
| ISIN | INE0Q6901013 |
Vrundavan Plantation IPO comprises a total issue size of 14,16,000 shares. The net offer to the public is 13,44,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,72,000 (50.00%) allocated to NII 6,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,72,000 | 50.00% | 47.46% |
| Retail Shares Offered | 6,72,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.08% | |
| Total Shares Offered | 14,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
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:-
| Period Ended | 31 May 2023 |
|---|---|
| Assets | 23.22 |
| Total Income | 1.81 |
| Profit After Tax | 0.17 |
| NET Worth | 4.14 |
| Reserves and Surplus | 0.22 |
| Total Borrowing | 0.17 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of working capital and unsecured loans | 1.70 |
| 2 | Working Capital Requirement | 9.50 |
| 3 | General Corporate Purposes | 3.68 |
| KPI | |
|---|---|
| ROE | 8.35% |
| ROCE | 6.71% |
| Debt/Equity | 0.47 |
| RoNW | 4.19% |
| PAT Margin | 0.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.52 | |
| P/E (x) | 34.62 | 27.69 |
| Promoter Holding | 85.29% | 62.65% |
| Market Cap | ₹57.59 Cr. |
The Vrundavan Plantation IPO is subscribed 18.57 times on November 1, 2023 7:02:00 PM (Day 3). The public issue subscribed 25.51 times in the retail category, [.] times in the QIB category, and 11.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 11.6 | 6,72,000 | 77,94,000 |
| Retail | 25.51 | 6,72,000 | 1,71,44,400 |
| Total | 18.57 | 13,44,000 | 2,49,61,200 |
Total Application : 16,416
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.18 |
| 2 | Brokerage, selling commission and Marketing | 0.01 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.06 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹107.00 |
| Low | ₹101.65 |
| High | ₹107.00 |
| Last Trade | ₹101.65 |
Lead Manager Reports
Vrundavan Plantation IPO is a SME IPO of 14,16,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Oct 30, 2023, and closes on Wed, Nov 1, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vrundavan Plantation IPO using UPI as a payment gateway. Zerodha customers can apply in Vrundavan Plantation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vrundavan Plantation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vrundavan Plantation IPO opens on Mon, Oct 30, 2023 and closes on Wed, Nov 1, 2023.
Vrundavan Plantation IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Vrundavan Plantation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vrundavan Plantation IPO will be done on Sunday, November 5, 2023, and the allotted shares will be credited to your demat account by Mon, Nov 6, 2023. Check the Vrundavan Plantation IPO allotment status.
The Vrundavan Plantation IPO listing date is on Mon, Nov 6, 2023.
