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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 ₹108.00 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). The minimum lot size investment for 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 Date | October 30, 2023 to November 1, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,16,000 shares (aggregating up to ₹15.29 Cr) |
| Reserved for Market Maker | 72,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.7776 Cr) |
| Net Offered to Public | 13,44,000 shares (aggregating up to ₹14.52 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 39,16,728 shares |
| Share Holding Post Issue | 53,32,728 shares |
Vrundavan Plantation IPO offers total 14,16,000 shares. Out of which 6,72,000 (47.46%) allocated to NII, 6,72,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.08%) |
| NII (HNI) Shares Offered | 6,72,000 (47.46%) |
| Retail Shares Offered | 6,72,000 (47.46%) |
| Total Shares Offered | 14,16,000 (100.00%) |
Vrundavan Plantation IPO opens on October 30, 2023, and closes on November 1, 2023.
| IPO Open Date | Mon, Oct 30, 2023 |
| IPO Close Date | Wed, Nov 1, 2023 |
| Tentative Allotment | Sun, Nov 5, 2023 |
| Initiation of Refunds | Mon, Nov 6, 2023 |
| Credit of Shares to Demat | Mon, Nov 6, 2023 |
| Tentative Listing Date | Mon, Nov 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 1, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 2,321.67 |
| Total Income | 180.68 |
| Profit After Tax | 17.33 |
| Net Worth | 413.82 |
| Reserves and Surplus | 22.15 |
| Total Borrowing | 17.47 |
| Amount in ₹ Lakhs | |
The market capitalization of Vrundavan Plantation IPO is ₹57.59 Cr.
| KPI | Values |
|---|---|
| ROE | 8.35% |
| ROCE | 6.71% |
| Debt/Equity | 0.47 |
| RoNW | 4.19% |
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.
[Dilip Davda] The company is engaged in the business of landscaping, nursery, gardening, and related services which is gaining ground post Pandemic and creates clean and green environment. This company has marquee clients and is also gaining ground as an organized player in the segment. Its last 1 month working is indicating the likely future trends. Based on annualize FY24 workings, the issue appears aggressively priced. Well-informed investors may park funds for medium to long term rewards. Read detail review...
| Listing Date | November 6, 2023 |
| BSE Script Code | 544011 |
| NSE Symbol | |
| ISIN | INE0Q6901013 |
| Final Issue Price | ₹108 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹107.00 |
| Low | ₹101.65 |
| High | ₹107.00 |
| Last Trade | ₹101.65 |
Vrundavan Plantation Ltd.
307, Sun Avenue One,
Nr. Sun Prima, Ambawadi Na,
Ahmedabad, 380006
Ahmedabad, Gujarat
Phone: 079 3520 1135
Email: cs@vrundavanplantation.com
Website: http://www.vrundavanplantation.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Vrundavan Plantation IPO is a SME IPO of 14,16,000 equity shares of the face value of ₹10 aggregating up to ₹15.29 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on October 30, 2023, and closes on November 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 October 30, 2023 and closes on November 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 Monday, November 6, 2023. Check the Vrundavan Plantation IPO allotment status.
The Vrundavan Plantation IPO listing date is on Monday, November 6, 2023.
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