Vrundavan Plantation IPO is your ticket to invest in a bright future. This fixed price issue of Rs 15.29 crores comprises an entirely fresh issue of 14.16 lakh shares, promising exciting potential.
Seize the opportunity at just ₹108 per share! The minimum application lot size is 1200 shares, requiring a retail investor to invest a minimum of ₹129,600. High Net Worth Individuals (HNI) can invest in 2 lots (2,400 shares), amounting to ₹259,200, ensuring substantial participation.
Interactive Financial Services Ltd spearheads the Vrundavan Plantation IPO as the book running lead manager, backed by the efficient registrar, KFin Technologies Limited. Nnm Securities stands tall as the market maker, ensuring a seamless trading experience.
Vrundavan Plantation IPO Details
Subscription for the Vrundavan Plantation IPO opens on October 30, 2023, and closes on November 1, 2023. The eagerly anticipated allotment results will be unveiled on Monday, November 6, 2023. Be ready for trading as Vrundavan Plantation IPO gears up for listing on BSE SME, tentatively scheduled for Thursday, November 9, 2023.
| 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) |
| Fresh Issue | 1,416,000 shares (aggregating up to ₹15.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,916,728 |
| Share holding post issue | 5,332,728 |
| Market Maker portion | 72,000 shares |
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Vrundavan Plantation IPO Dates
Vrundavan Plantation IPO opens on October 30, 2023, and closes on 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 |
Vrundavan Plantation IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Vrundavan Plantation IPO Prospectus
For comprehensive insights, please refer to Vrundavan Plantation IPO RHP for detailed information on this promising investment prospect.
Objects of the Vrundavan Plantation IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Repayment of Working capital and unsecured loan.
- Working Capital Requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
About Vrundavan Plantation Limited IPO
Discover Vrundavan Plantation, A Green Initiative Since 1997! Engaged in the noble endeavor of nursery business, Vrundavan Plantation is a beacon of environmental conservation. Our core activities encompass Landscape Development, Horticulture, Plantation, Landscape Maintenance Works, and Irrigation Works.
Established in 1997, our mission revolves around the preservation, restoration, and expansion of India’s forest cover, in response to the pressing challenges of climate change. Vrundavan Plantation aspires to manage 10 million hectares of both forest and non-forest land, enhancing existing forests’ quality and expanding greenery across India and the globe.
Why Choose Vrundavan Plantation?
- Diverse Expertise: Explore our versatile services, from Landscape Development to Horticulture and Irrigation Works. We specialize in a wide array of offerings tailored to your green needs.
- Stability and Competence: With a legacy dating back to 1997, Vrundavan Plantation stands as a symbol of organizational stability. Our skilled management team ensures every project reflects competence and commitment.
- Client Trust: Building enduring relationships with our clients is our forte. Our strong bond with existing clients underscores our reliability and customer satisfaction.
Join hands with Vrundavan Plantation, where green dreams take root. Experience our diverse services designed to transform landscapes and nurture the environment. Be part of our mission to green India and the world, one plant at a time!