Vrundavan Plantation Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vrundavan Planta

CMP

50.05

-3.90 (-7.23%)

₹108

Offer Price

₹ 15.29 Cr

Issue Size

₹ 1,29,600

Min Investment

1,200

Lot size

Time Line

  • 30
    Oct 2023
    Open
  • 01
    Nov 2023
    Close
  • 06
    Nov 2023
    Finalisation of Basis of Allotment
  • 07
    Nov 2023
    Initiation of Refunds
  • 08
    Nov 2023
    Transfer of Shares to Demat Account
  • 06
    Nov 2023
    Listing Date

Objects of the Offer

  • Specialised Service to each client.

  • Augment its fund-based capacities in order to scale up business operation.

  • Entering in to B2C business and online selling.

  • Focus on competitive Pricing.

Products & Services

  • The Company provides garden, landscaping and roof top garden services.

Strengths

  • Well diversified and specialty service offerings.

  • Organizational stability along with management expertise.

  • Smooth flow of operations.

  • Existing Clients.

  • Quality Service.

Risks

  • The company does not own registered office from which its operate.

  • The company has very short span of operating history as company.

  • Climate and environmental risks effect on the business of the company.

  • The company has to update the name of the company in some of the statutory approvals and certificates due to the Change in the name upon conversion of the Company in to Public Limited Company.

  • The company`s business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.

Company Promoters

Promoters Holding

Issue For IPO
22.24%
Pre Holding

83.76%

Post Holding

61.52%

Top Promoters Holding

Financials

All values in Cr

May-2023 May-2023 May-2023 3-Yr trend
Revenue 1.96 (-) 0.17 (-) 1.81 (-)
Gross Profit 1.96 (-) 0.17 (-) 1.81 (-)
Net Income 1.96 (-) 0.17 (-) 1.81 (-)
Assets 1.96 (-) 0.17 (-) 1.81 (-)
Liabilities 1.96 (-) 0.17 (-) 1.81 (-)

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

307 Sun Avenue 1 Nr Sun Prima,
Ambawadi Na,
Ahmedabad - 380006
Phone : 079 3520 1135 Email : cs@vrundavanplantation.com https://vrundavanplantation.com

Offer Related Information

Initial public issue of 14,16,000 equity shares of face value of Rs. 10/- each of Vrundavan Plantation Limited ("VPL" or the "Company" or the "Issuer") for cash at a price of Rs. 108/- per equity share including a share premium of Rs. 98/- per equity share (the "Issue Price") aggregating to Rs. 15.29 crores ("The Issue"), of which 72,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 108/- per equity share including a share premium of Rs. 98/- per equity share... More

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