Vrundavan Plantation IPO

Vrundavan Plantation IPO will open for subscription from 30 October 2023. The company aims for an issue size of ₹15.29 Cr through this IPO.

Company Overview

Full nameVrundavan Plantation Limited
Company Websitehttps://vrundavanplantation.com/

About Company

Vrundavan Plantation is engaged in the nursery business and service business. The company’s main business comprises Landscape Development, Horticulture/Plantation/Landscape maintenance Works, Irrigation works and Nursery Business. In the nursery business segment, its products in plantation include Big Trees, Shrubs, Ground Covers, Climber, Indoor Plants, etc. The company also trades in Pots which include plastic pots, terracotta pots, self-watering pots, hanging pots, vertical gardens including pots of different materials like brass and ceramic, etc.

In the service business segment, Vrundavan Plantation does lawn mowing services, brush and jungle cleaning activities, hedge trimming activities, and watering on roadside plants. It also takes maintenance contracts for the different organisations which also includes the government departments. Vrundavan Plantation also trades gardening tools along with the all necessary accessories for gardening. It trades garden inputs as well, which include plant foods, organic pesticides, potting mixes, nutrients, etc. As of 30 June 2023, Vrundavan Plantation has a total strength of permanent employees 208 in various departments.

The Objectives of the Issue

  • Repayment of Working capital and unsecured loan.
  • Working Capital Requirement
  • General Corporate Purpose,
  • Meeting Public Issue Expenses.

Vrundavan Plantation IPO Timetable

IPO Opening date30 October 2023
IPO Closing01 November 2023
Basis of Allotment06 November 2023
Initiation Refund07 November 2023
Credit to Demat Account08 November 2023
Listing Date09 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 1, 2023)

Vrundavan Plantation IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹15.29 Cr – 1,416,000 shares
Fresh Issue₹15.29 Cr – 1,416,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹108 per share
Lot size1200 Shares
Market Maker portion72,000 shares
Shareholding pre-issue3,916,728
Shareholding post-issue5,332,728
Listing ExchangeBSE SME

Vrundavan Plantation IPO Lot Size

Retail (Min)11200₹129,600
Retail (Max)11200₹129,600
HNI (Min)22,400₹259,200

Vrundavan Plantation IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered72,000 (5.08%)
Other Shares Offered672,000 (47.46%)
Retail Shares Offered672,000 (47.46%)
Total Shares Offered1,416,000 (100%)

Vrundavan Plantation Financial Performance

 FY 2021*FY 2022*FY 2023*Up to 31 May 2023
Net income28.9634.82199.2017.33
(Amount in ₹ Lakhs)

Vrundavan Plantation Valuations & Margins

Up to 31 May 2023
PE ratio34.62**
RONW (%)4.19
ROCE (%)8.35
EBITDA (%)16.17

Company Promoters

  • Upendra Tiwari

Promoter Holding

Pre Issue Share Holding85.29%
Post Issue Share Holding62.635%

Vrundavan Plantation IPO Lead Manager(s)

612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in

Vrundavan Plantation Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: vpl.ipo@kfintech.com
Website: www.kfintech.com

Contact Details

307, Sun Avenue One, Nr. Sun Prima,
Ambawadi Na, Ahmedabad, Gujarat-380006
Phone: 079 3520 1135
E-mail: cs@vrundavanplantation.com
Website: www.vrundavanplantation.com

Vrundavan Plantation IPO Allotment Status

Vrundavan Plantation IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Vrundavan Plantation IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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