Vrundavan Plantation was incorporated on December 26, 2022, with a vision to preserve and protect the environment in this era of deforestation and shrinking green spaces. The company was established for the sale of plants, such as a nursery.
| Bidding Dates |
|---|
| 30 Oct 2023 - 01 Nov 2023 |
| Subscription |
|---|
| 17.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,600 | 1 | 1 | 1200 | 1.4 M | ₹108 | 73.45 % | ₹152.9 M | RHP DOC |
Vrundavan Plantation IPO SUBSCRIPTION STATUS
01 Nov '23Vrundavan Plantation IPO overall subscription rate was 17.68 times the total available shares
Vrundavan Plantation IPO retail subscription rate was 24.22 times in the retail segment
Vrundavan Plantation IPO non-institutional investor subscription rate was 11.14 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Nov 2023 (Day 3) | 24.22x | 11.14x | - |
31 Oct 2023 (Day 2) | 7.35x | 1.37x | - |
30 Oct 2023 (Day 1) | 3.18x | 0.62x | - |
Vrundavan Plantation FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 2MFY24 | 1.7 | 18.1 | -46.5 | -48.4 |
| FY23 | - | - | -0.1 | -0.1 |
Vrundavan Plantation IPO SUBSCRIPTION STATUS DETAILS
Vrundavan Plantation had 1.4 M shares on offer
Vrundavan Plantation IPO offer price was ₹108
Vrundavan Plantation IPO minimum Investment was ₹129600
Vrundavan Plantation IPO issue size was ₹ 152.9 M
Vrundavan Plantation had a minimum lot size of 1200 Shares per application
Vrundavan Plantation NUMBER OF SHARES ON OFFER
Vrundavan Plantation IPO IMPORTANT DATES
| Issue Open Date | 30 Oct 2023 |
| Issue close Date | 01 Nov 2023 |
| Allotment Date | 02 Nov 2023 |
| Refund Date | 02 Nov 2023 |
| Demat Account Credit Date | 03 Nov 2023 |
| Listing Date | 06 Nov 2023 |
| Listing on Exchange(s) | BSE |
| Vrundavan Plantation Allotment Status | Exchange |
Vrundavan Plantation IPO subscription opened on 30 Oct 2023, and closed on 01 Nov 2023
IPO allotment for Vrundavan Plantation was finalized on Thursday, 02 Nov 2023
IPO listing for Vrundavan Plantation was on BSE on Monday, 06 Nov 2023
Vrundavan Plantation IPO LISTING GAINS
| Issue Price (adjusted) | 108.0 |
| Listing Open Price | 107.0 |
| Listing Close Price | 101.7 |
| Listing Gain% | -0.9% |
| Current Gain% | -65.0% |
Vrundavan Plantation Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vrundavan Plantation Ltd. | 37.8 | 20.2 | 13.2 | -1 | 0.5 | 6.1 | 3.9 | 41.9 | 64.4 | 1.8 | 0.9 | 2.9 | -13.1 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Vrundavan Plantation INFORMATION ON IPO ISSUE
About Vrundavan Plantation
Vrundavan Plantation was incorporated on December 26, 2022, with a vision to preserve and protect the environment in this era of deforestation and shrinking green spaces. The company was established for the sale of plants, such as a nursery.
Object of the Issue
- Repayment of working capital and unsecured loans
- Working capital requirement
- General corporate purpose
- Meeting public issue expenses
Vrundavan Plantation - PROMOTERS
| Name |
|---|
| Upendra Tiwari |
Vrundavan Plantation Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Vrundavan Plantation Registrar to the issue
Kfin Technologies Private Limited
vpl.ipo@kfintech.com
Vrundavan Plantation Strengths
Wide range of horticultural activities
The company is involved in a wide range of horticultural activities, spanning from nursery operations to the development of custom projects based on client requirements. Alongside its core development services, the company also engages in the trading of plants, pots, accessories, agrochemicals, tools, and more
Networking
The company engages in direct interactions with the government and has established a network with prominent industries in the market
Vrundavan Plantation Risks
Limited operating history
The company has a very short span of operating history and limited experience in the business could have an adverse effect on the business
Limited customers
In the first two months of FY24, the company purchased more than 55% of supplies from the top ten suppliers and its 100% sales were confined to only eight buyers
IPO FAQs
The promoter of the company is Upendra Tiwari.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 108.0 - 108.0.
The IPO application opens on Oct 30, 2023 and closes on Nov 01, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 129,600.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Nov 02, 2023.
The refund will be credited to your account on Nov 02, 2023.
The allotted shares will be credited to your demat on Nov 03, 2023.
Vrundavan Plantation Ltd.’s shares listed on the stock exchanges on Nov 06, 2023.