Issue Price
₹108
Per Share
GMP
NIL
Grey Market
Est. Listing
₹108
Expected Price
Min. Application
₹259,200
2 lots × 1200 shares
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.
Vrundavan Plantation Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 72,000 | — | ₹0.78 Cr | — |
| TOTAL | 1,416,000 | 100.00% | ₹15.29 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| sNII (Min) | 14 | 16,800 | ₹1,814,400 |
| bNII (Min) | 68 | 81,600 | ₹8,812,800 |
| 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 |
| Total Borrowings | 17.47 | N/A | N/A |