Vrundavan Plantation is scheduled to hit the market on October 30, 2023 and close on November 01, 2023. Vrundavan Plantation plans to raise around ₹15.29 Cr through an IPO with a sale of up to 1,416,000 equity shares of ₹5 each. The Retail offered 50.00%, Other Shares Offered 50.00%.
Established in 1997, Vrundavan Plantation specializes in the nursery business, focusing on Landscape Development, Horticulture/Plantation/Landscape maintenance Works, Irrigation works, and Nursery Business.
The company is dedicated to the protection, restoration, and expansion of Indian forest cover, with a strong emphasis on combating climate change. Its ambitious goal is to manage 10 million hectares of forest and non-forest land, promoting afforestation and enhancing the quality of existing forests, both in India and globally.
Vrundavan Plantation IPO Details
Vrundavan Plantation IPO opens on Oct 30, 2023, and closes on Nov 01, 2023. The Listing date for Vrundavan Plantation IPO is on Nov 09, 2023. The price band for IPO is ₹108 per share and lot size of 1200 Shares.
| IPO Date | Oct 30, 2023 to Nov 01, 2023 |
| Listing Date | Nov 09, 2023 |
| Price | ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹15.29 Cr |
| Face Value | ₹10 per share |
Vrundavan Plantation IPO Tentative Timetable
Vrundavan Plantation opening date is October 30, 2023 and close date is November 01, 2023. The IPO allotment date is November 6, 2023. The refund initiation of IPO is on November 7, 2023. The credit of shares in demat account is on November 8, 2023. The listing date is on November 9, 2023.
| Event | Date |
|---|---|
| IPO Opening | Oct 30, 2023 |
| IPO Closing | Nov 01, 2023 |
| IPO Allotment Date | Nov 6, 2023 |
| Refund Initiation | Nov 7, 2023 |
| Shares Credit to Demat | Nov 8, 2023 |
| Lisiting Date | Nov 9, 2023 |
Vrundavan Plantation IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lot (1200 shares or ₹129,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹129,600 |
| Retail(Maximum) | 1 | 1200 | ₹129,600 |
| HNI (Minimum) | 2 | 2400 | ₹259,200 |
Vrundavan Plantation IPO Promoter Holding
| Pre Issue Share Holding | 85.29% |
| Post Issue Share Holding | 62.65% |
Vrundavan Plantation IPO Review
The company's diverse and specialized service offerings, along with a stable organizational structure and management competence, are significant factors contributing to its competitive strength in the market.
Vrundavan Plantation stands out in the industry due to its:
Diverse and specialized service portfolio
Stable organizational structure complemented by robust management expertise
Strong client relationships built on trust and quality services.
The company's financial data for the period ended on May 31, 2023, indicates a stable financial position, with assets of ₹2,321.67 lakhs, revenue of ₹180.68 lakhs, and a profit after tax of ₹17.33 lakhs. Notably, the company has demonstrated a favorable debt-to-equity ratio of 0.47, which suggests a relatively healthy balance between borrowed and owner's funds.
Considering the company's current financial standing and its proposed utilization of the net proceeds from the IPO, potential investors should assess the company's growth prospects, market dynamics, and industry trends before making an investment decision. Thorough due diligence and a comprehensive understanding of the company's operations and future goals will be crucial in evaluating the attractiveness of the IPO.
Vrundavan Plantation IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Vrundavan Plantation IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Vrundavan Plantation IPO FAQs
What is Vrundavan Plantation IPO?
Vrundavan Plantation is issuing 1,416,000 equity shares with a face value of ₹10 each, totaling up to ₹15.29 Cr. The shares are being offered at a price of ₹108 each, with a minimum order quantity of 1200 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Vrundavan Plantation IPO will open?
Vrundavan Plantation will open on October 30, 2023 for QIB, NII, and Retail Investors.
When Vrundavan Plantation IPO will end?
Vrundavan Plantation will end on November 1, 2023.
What is Vrundavan Plantation IPO Size?
Vrundavan Plantation IPO size is 15.29 Cr.
What is Vrundavan Plantation IPO Price Band?
Vrundavan Plantation price band is ₹108 per share.
What is the Vrundavan Plantation IPO Allotment Date?
Vrundavan Plantation allotment date is November 6, 2023.
What is the Vrundavan Plantation IPO Listing Date?
Vrundavan Plantation listing date is November 9, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Vrundavan Plantation IPO through Zerodha?
To apply for the IPO “Vrundavan Plantation” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Vrundavan Plantation IPO through Upstox?
To apply for the IPO “Vrundavan Plantation” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Vrundavan Plantation IPO Allotment Status?
For Vrundavan Plantation IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Vrundavan Plantation IPO GMP?
You can check out here: Vrundavan Plantation IPO GMP