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 name | Vrundavan Plantation Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://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 date | 30 October 2023 |
| IPO Closing | 01 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation Refund | 07 November 2023 |
| Credit to Demat Account | 08 November 2023 |
| Listing Date | 09 November 2023 |
Vrundavan Plantation IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15.29 Cr – 1,416,000 shares |
| Fresh Issue | ₹15.29 Cr – 1,416,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹108 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 72,000 shares |
| Shareholding pre-issue | 3,916,728 |
| Shareholding post-issue | 5,332,728 |
| Listing Exchange | BSE SME |
Vrundavan Plantation IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Vrundavan Plantation IPO Reservation Details
| 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 Financial Performance
| FY 2021* | FY 2022* | FY 2023* | Up to 31 May 2023 | |
| Revenue | 672.42 | 1,223.43 | 1,826.74 | 180.68 |
| Expenses | 643.46 | 1,188.61 | 1,628.62 | 155.12 |
| Net income | 28.96 | 34.82 | 199.20 | 17.33 |
Vrundavan Plantation Valuations & Margins
| Up to 31 May 2023 | |
| EPS | 0.52 |
| PE ratio | 34.62** |
| RONW (%) | 4.19 |
| NAV | 10.57 |
| ROCE (%) | 8.35 |
| EBITDA (%) | 16.17 |
| Debt/Equity | 0.47 |
Company Promoters
- Upendra Tiwari
Promoter Holding
| Pre Issue Share Holding | 85.29% |
| Post Issue Share Holding | 62.635% |
Vrundavan Plantation IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
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
KFIN TECHNOLOGIES LIMITED
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
VRUNDAVAN PLANTATION LIMITED
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
