Vrundavan Plantation Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 672,000 (47%) | — | ₹726 Cr |
| Retail | — | 672,000 (47%) | — | ₹726 Cr |
| Market Maker | — | 72,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 1,416,000 (100%) | — | ₹15,293 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 May 2023 |
|---|---|
| Revenue | 181 |
| Profit After Tax | 17 |
| Net Worth | 414 |
| Total Assets | 2,322 |
| Reserves & Surplus | 22 |
| Total Borrowing | 17 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of working capital and unsecured loans – 1.70
- Working Capital Requirement – 9.50
- General Corporate Purposes – 3.68
Company Overview
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.