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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 bidding started from October 30, 2023 and ended on November 1, 2023. The allotment for Vrundavan Plantation IPO was finalized on Sunday, November 5, 2023. The shares got listed on BSE SME on November 6, 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 Nikunj Stock Brokers.
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 |
| 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 Nikunj Stock Brokers |
Vrundavan Plantation IPO offers 1,416,000 shares. 672,000 (47.46%) to NII, 672,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (5.08%) |
| Other Shares Offered | 672,000 (47.46%) |
| Retail Shares Offered | 672,000 (47.46%) |
| Total Shares Offered | 1,416,000 (100%) |
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 | Sunday, November 5, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Monday, November 6, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
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 | |||
The promoter of the company is Upendra Tiwari
| Share Holding Pre Issue | 85.29% |
| Share Holding Post Issue | 62.65% |
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 |
| Revenue | 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 Rs 57.59 Cr.
| KPI | Values |
|---|---|
| ROE | 8.35% |
| ROCE | 6.71% |
| Debt/Equity | 0.47 |
| RoNW | 4.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.52 | |
| P/E (x) | 34.62 | 27.69 |
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...
The Vrundavan Plantation IPO is subscribed 18.57 times on November 1, 2023 7:02:00 PM. The public issue subscribed 25.51 times in the retail category, times in the QIB category, and 11.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 11.60 |
| Retail | 25.51 |
| Total | 18.57 |
Total Application : 16,416 (29.31 times)
| Listing Date | November 6, 2023 |
| BSE Script Code | 544011 |
| NSE Symbol | |
| ISIN | INE0Q6901013 |
| Final Issue Price | ₹108 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹108.00 |
| ₹107.00 |
| ₹101.65 |
| ₹107.00 |
| ₹101.65 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Vrundavan Plantation IPO is a SME IPO of 1,416,000 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 Shares.
The IPO opens on October 30, 2023, and closes on November 1, 2023.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹129,600.
You can apply in Vrundavan Plantation IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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