Vrundavan Plantation IPO Date, GMP, Price, Analysis and Review
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Vrundavan Plantation, Incorporated in 1997, is primarily involved in the nursery business. The company’s core activities include Landscape Development, Horticulture/Plantation/Landscape Maintenance Works, Irrigation Works, and Nursery Business.
The company’s mission is to safeguard, rejuvenate, and expand India’s forested areas, contributing to climate change mitigation. Their goal is to manage 10 million hectares of both forest and non-forest land, enhancing forest coverage and the quality of existing forests to promote a greener India and world.
The company’s competitive strengths include:
- A wide range of diversified and specialized services.
- Organizational stability complemented by strong management expertise.
- Strong relationships with existing clients.
Objects of the Issue (Vrundavan Plantation IPO Objectives)
The company intends to utilize the Net Proceeds from the issue for the following purposes:
- Repayment of working capital and unsecured loans.
- Fulfilling working capital requirements.
- General corporate purposes.
- Covering expenses related to the public issue.
Vrundavan Plantation IPO Details
The Vrundavan Plantation IPO is a fixed-price issue of Rs 15.29 crores, consisting entirely of a fresh issue of 14.16 lakh shares.
IPO Date | October 30, 2023 to November 1, 2023 |
Listing Date | November 9, 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 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Vrundavan Plantation IPO Reservation
Vrundavan Plantation IPO allocates 1,416,000 shares, with 47.46% (672,000 shares) for NII and another 47.46% (672,000 shares) for 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 Lot Size
Investors can bid for a minimum of 1200 shares, and the table shows the range for retail and HNI investments in 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 |
Vrundavan Plantation IPO Dates
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 | Monday, November 6, 2023 |
Initiation of Refunds | Tuesday, November 7, 2023 |
Credit of Shares to Demat | Wednesday, November 8, 2023 |
Listing Date | Thursday, November 9, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Vrundavan Plantation Limited Financial Report
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 |
Key Performance Indicator of Vrundavan Plantation Ltd
The market capitalization of Vrundavan Plantation IPO is Rs 57.59 crore, and the price-to-earnings (P/E) ratio is 34.62.
KPI | Values |
---|---|
P/E (x) | 34.62 |
Post P/E (x) | 27.69 |
Market Cap (₹ Cr.) | 57.59 |
ROE | 8.35% |
ROCE | 6.71% |
Debt/Equity | 0.47 |
EPS (Rs) | 0.52 |
RoNW | 4.19% |
Vrundavan Plantation IPO Promoter Holding
The promoter of the company is Upendra Tiwari
Share Holding Pre Issue | 85.29% |
Share Holding Post Issue | 62.65% |
Vrundavan Plantation IPO Subscription Status (Bidding Detail)
As of October 30, 2023, at 7:02 PM, the Vrundavan Plantation IPO has been subscribed 2.00 times. The retail category was oversubscribed 3.35 times, while the QIB and NII categories were subscribed times and 0.65 times, respectively. You can review the live status of day-by-day subscription details.
Category | Subscription (times) |
---|---|
Other | 0.65 |
Retail | 3.35 |
Total | 2.00 |
Total Application : 1,939 (3.46 times)
Vrundavan Plantation Limited Contact Details
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/
Vrundavan Plantation IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Vrundavan Plantation IPO FAQs
What is Vrundavan Plantation IPO?
Vrundavan Plantation IPO is a SME IPO offering 1,416,000 equity shares with a face value of ₹10, aggregating up to ₹15.29 Crores. The issue price per share is ₹108, and 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, and the shares are set to be listed on BSE SME.
How to apply for Vrundavan Plantation IPO through Zerodha?
Zerodha customers can apply for Vrundavan Plantation IPO online using UPI as the payment gateway. To do so, log in to Zerodha Console (back office), and complete the IPO application form.
Steps to apply for Vrundavan Plantation IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘Vrundavan Plantation IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Vrundavan Plantation IPO open?
The Vrundavan Plantation IPO opens on October 30, 2023, and closes on November 1, 2023.
What is the lot size for Vrundavan Plantation IPO?
The lot size for Vrundavan Plantation IPO is 1200 Shares, with a minimum amount required of ₹129,600.
How to apply for Vrundavan Plantation IPO?
You can apply for Vrundavan Plantation IPO online using UPI or ASBA as the payment method. ASBA IPO application is available through your bank’s net banking. UPI IPO application is offered by brokers who do not provide banking services. For more details on how to apply, refer to the application process of brokers like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Vrundavan Plantation IPO allotment be finalized?
The Basis of Allotment for Vrundavan Plantation IPO will be completed on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 8, 2023. You can check the Vrundavan Plantation IPO allotment status.
When is the listing date for Vrundavan Plantation IPO?
The listing date for Vrundavan Plantation IPO has not been announced yet. The tentative listing date for Vrundavan Plantation IPO is Thursday, November 9, 2023.