Vrundavan Plantation Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Oct 2023

Close Date

01 Nov 2023

Allotment

05 Nov 2023

Listing Date

06 Nov 2023

Exchange

BSE SME

Price Band

₹108

Listing Price

See chart

Allotment Status

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Price Band

₹108

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

14,16,000 shares (aggregating up to ₹15.29 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹129,600

1 lot

Pre-IPO Holding

39,16,728 shares

Promoters

Post-IPO Holding

53,32,728 shares

Promoters

P/E (Pre)

34.62x

P/E (Post)

27.69x

EPS (Pre)

₹0.52

UPI Deadline

2023-11-01

Mandate

Anchor AllotmentSun, 29 Oct 2023

Basis of AllotmentSun, 05 Nov 2023

Refund InitiationMon, 06 Nov 2023

Demat CreditMon, 06 Nov 2023

Listing DayMon, 06 Nov 2023

UPI Mandate Deadline2023-11-01

Sale TypeFresh Capital

Net Offer to Public13,44,000 shares (aggregating up to ₹14.52 Cr)

Market Maker Quota72,000 shares (aggregating up to ₹0.7776 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Vrundavan Plantation Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 01 Nov 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	72,000	—	₹0.78
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,416,000	100%	₹15.29

IPO Shares Offered

Vrundavan Plantation Ltd IPO total issue size: ₹15.29 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	72,000	₹0.78	5.08%
Total	1,416,000	₹15.29	100.00%

* Based on upper price band ₹108 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹108.00

Upper Band

Min Investment

₹129,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹259,200
Retail (Max — 13 Lots)	13	15,600	₹1,684,800
S-HNI (Min — 14 Lots)	14	16,800	₹1,814,400
B-HNI (Min — 68 Lots)	68	81,600	₹8,812,800

* Issue Price ₹108 × Lot Size 1,200 shares

IPO Schedule

Anchor

29 Oct 2023

✓ Done

IPO Open

30 Oct 2023

✓ Done

IPO Close

01 Nov 2023

✓ Done

Allotment

05 Nov 2023

✓ Done

Refunds

06 Nov 2023

✓ Done

Demat Credit

06 Nov 2023

✓ Done

Listing Day

06 Nov 2023

✓ Done

₹108.00

INR · BSE

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Issue ₹108.00 Live Price

About Vrundavan Plantation Ltd

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 offeringsOrganizational stability combined with stong management competenceStrong bond with exisiting clients.

Objects of the Issue

Repayment of working capital and unsecured loans

Working Capital Requirement

General Corporate Purposes

Vrundavan Plantation Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

₹180.7

31 May 2023

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

₹17.3

31 May 2023

Particulars	31 May 2023	FY 2023-24	FY 2022-23
Revenue from Operations	180.68	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	17.33	N/A	N/A
Net Worth	413.82	N/A	N/A
Total Assets	2321.67	N/A	N/A
Reserves & Surplus	22.15	N/A	N/A
Borrowings	17.47	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

8.35%

RoCE

6.71%

RoNW

4.19%

Debt/Equity

0.47

Issue Structure & Shareholding

Total Shares Offered14,16,000 (100.00%)

Net Offer to Public13,44,000 shares (aggregating up to ₹14.52 Cr)

Reserved for Market Maker72,000 shares (aggregating up to ₹0.7776 Cr)

Pre-Issue Promoter Holding39,16,728 shares

Post-Issue Promoter Holding53,32,728 shares

P/BV RatioN/A

RoE8.35%

RoCE6.71%

Debt / Equity0.47

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

vpl.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Interactive Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Vrundavan Plantation Ltd IPO subscribed? ▲

Vrundavan Plantation Ltd IPO is subscribed 1.00 times by Nov 01, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Vrundavan Plantation Ltd IPO retail subscription status? ▼

The Vrundavan Plantation Ltd IPO retail category is subscribed 1.00 times as of 01 Nov 2023. The retail portion is oversubscribed.

How to subscribe Vrundavan Plantation Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Oct 2023 and closes 01 Nov 2023. Min investment: ₹129,600 (1 lot = 1,200 shares). UPI mandate: 2023-11-01.

How many times Vrundavan Plantation Ltd IPO subscribed? ▼

The Vrundavan Plantation Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Vrundavan Plantation Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Nov 2023. Refunds: on 06 Nov 2023.

When Vrundavan Plantation Ltd IPO will be listed? ▼

The Vrundavan Plantation Ltd IPO listing date is 06 Nov 2023, Monday. Listed on: BSE SME. Issue price: ₹108. Estimated listing: ₹108. GMP: NIL.

When Vrundavan Plantation Ltd IPO close? ▼

The Vrundavan Plantation Ltd IPO closes on 01 Nov 2023, Wednesday. UPI mandate: 2023-11-01. Allotment: 05 Nov 2023. Listing: 06 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹108.00

Change—

Issue Price₹108.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹108

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹129,600

GMPNIL

Est. Listing₹108

Subscribed1.00x

Open Date30 Oct 2023

Close Date01 Nov 2023

Allotment05 Nov 2023

Listing Date06 Nov 2023

ExchangeBSE SME

UPI Deadline2023-11-01