Incorporated in 1997, Vrundavan Plantation Limited has a rich history in the nursery business. Their core focus encompasses Landscape Development, Horticulture, Plantation, Landscape Maintenance Works, Irrigation works, and Nursery Business.
Vrundavan Plantation is on a noble mission to protect, restore, and enhance India’s forest cover while addressing the global challenge of climate change. Their commitment is to manage a substantial 10 million hectares of both forest and non-forest land, with the ultimate goal of expanding forested areas. This initiative not only contributes to greening India but also has a positive impact on the global environment.
Key Strengths Setting Vrundavan Plantation Apart
Diverse Service Offerings: Vrundavan Plantation stands out due to its versatile portfolio of services, including Landscape Development, Horticulture, Plantation, Landscape Maintenance, and Irrigation works. This diversity enables them to meet a wide range of client needs.
Organizational Stability and Competent Management: With nearly three decades of experience, Vrundavan Plantation demonstrates remarkable organizational stability, reflecting a solid foundation for growth. The company is led by a highly competent management team capable of navigating industry challenges and opportunities.
Strong Client Relationships: Vrundavan Plantation prides itself on its enduring client relationships. The trust and rapport built over the years are a testament to the quality and reliability of their services. These strong bonds secure ongoing business and open doors to new opportunities through word-of-mouth referrals.
Objects of the Issue
Repayment of Working Capital and Unsecured Loan: The funds raised will be utilized to settle outstanding working capital debts and unsecured loans, thereby improving financial stability.
Working Capital Requirement: Adequate working capital is essential for smooth business operations and for seizing growth opportunities.
General Corporate Purpose: This category provides flexibility to support various operational needs, expansion plans, or strategic initiatives.
Meeting Public Issue Expenses: To cover substantial expenses associated with the IPO, such as underwriting fees, legal and regulatory compliance costs, marketing, and administrative expenses.
Vrundavan Plantation Limited IPO Details
IPO Date: October 30, 2023, to November 1, 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)
Issue Type: Fixed Price Issue IPO
Listing: BSE SME
Shareholding Pre-Issue: 3,916,728
Shareholding Post-Issue: 5,332,728
Market Maker Portion: 72,000 shares
Vrundavan Plantation Limited IPO Reservation
Retail Shares Offered (50% of the Net Issue): Reserved for individual and small-scale investors.
Other Shares Offered (50% of the Net Issue): Open to institutional investors and high-net-worth individuals.
Vrundavan Plantation Limited IPO Lot Size
Retail (Min): 1 lot, 1200 shares, ₹129,600
Retail (Max): 1 lot, 1200 shares, ₹129,600
HNI (Min): 2 lots, 2,400 shares, ₹259,200
Vrundavan Plantation Limited IPO Promoter Holding
Share Holding Pre Issue (85.29%): The promoter held approximately 85.29% of total shares before the issue.
Share Holding Post Issue (62.65%): After issuing new shares, the promoter’s shareholding decreased to approximately 62.65%.
Vrundavan Plantation Limited IPO Tentative Dates
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 IPO Registrar
Kfin Technologies Limited
+91 40 6716 2222
+91 40 7961 1000
Email Address: [email protected]
For inquiries or specific information regarding their services, including IPO-related queries or status updates, feel free to contact them through the provided phone numbers or email address.
What is the core focus of Vrundavan Plantation Limited’s business?
Their core focus includes Landscape Development, Horticulture, Plantation, Landscape Maintenance Works, Irrigation works, and Nursery Business.
Primary Purposes for Raising Funds through the IPO?
Repayment of Working Capital and Unsecured Loan, Meeting Working Capital Requirements, General Corporate Purpose, and Meeting Public Issue Expenses.
Face Value of Vrundavan Plantation Limited Shares?
₹10 per share.
Vrundavan Plantation Limited IPO Dates?
The IPO is open for subscription from October 30, 2023, to November 1, 2023.