Vrundavan Plantation Limited IPO
₹108
1200
18.57
| Open Date: | 30-Oct-2023 |
| Close Date: | 01-Nov-2023 |
| Allotment Date: | 05-Nov-2023 |
| Listing Date: | 06-Nov-2023 |
| Listing Price: | ₹62.25/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹108 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹129,600 : HNI - ₹259,200 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 672,000 | 672,000 | 1,344,000 |
| Day 1 - 22-11-23 05:00 PM | 0.65x | 3.35x | 2.00x |
| Day 2 - 23-11-23 05:00 PM | 1.34x | 7.74x | 4.54x |
| Day 3 - 24-11-23 05:00 PM | 11.60x | 25.51x | 18.57x |
| Total No. of Application: | 16,416 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 29.31x | ||
| Earning Per Share(EPS) | ₹0.52/- |
| P/E Ratio | 34.62 |
| RoNW | 4.19% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 2,321.67 | 180.68 | 17.33 |
| Pre Issue Share Holding | 85.29% |
| Post Issue Share Holding | 62.65% |
| 1. Upendra Tiwari |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Repayment of Working capital and unsecured loan.
2. Working Capital Requirement
3. General Corporate Purpose,
4. Meeting Public Issue Expenses.
Incorporated in 1997, Vrundavan Plantation is engaged into nursery business. The company's main business comprises of Landscape Development, Horticulture/Plantation/Landscape maintenance Works, Irrigation works and Nursery Business.
The aim of the company is to protect, restore, and increase Indian forest cover and respond to climate change. The company also aims to manage 10 million hectares on forest and non-forest land to increase forest cover and improve the quality of existing forests to green India and the world.
The competitive strength of the company are as follows:-
- Well diversified and specialty service offerings
- Organizational stability combined with stong management competence
- Strong bond with exisiting clients.
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