Vrundavan Plantation Limited

Company Name	Vrundavan Plantation Limited
Open Date	30-10-2023
Close Date	01-11-2023
Exchange	BSE SME
Lot Size	1,200 Shares
Issue Price	₹ 108 per share
Issue Size	1,416,000 shares
Application Amount	₹ 1,29,600
Recommendation	Avoid

Vrundavan Plantation Limited was originally incorporated in the year 2022 and has its registered office in Gujarat. The company operates in a nursery business segment and in a service business segment. The company’s product in plantation includes Big Trees, Shrubs, Ground Covers, Climber, Indoor Plants etc. The company also trade in Pots which include plastic pots, terracotta pots, self-watering pots, etc. The company does lawn mowing services, brush and jungle cleaning activities, etc. As of 30th June 2023, the Company has 208 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended	May-23
Total Assets	2,321.67
Net Assets	413.82
Total Borrowings	196.21
Total Revenue	180.68
Profit After Tax	17.33

Tentative Timeline

Opening Date	30-10-2023
Closing Date	01-11-2023
Basis of Allotment	06-11-2023
Initiation of Refunds	07-11-2023
Credit of Shares to Demat	08-11-2023
Listing Date	09-11-2023

Objects of the Issue

Repayment of working capital and unsecured loan.

Working capital requirement.

Meeting Public Issue Expenses.

General Corporate Purposes.

Contact Information

Registered Office	Vrundavan Plantation Limited - 307, Sun Avenue One, Nr. Sun Prima, Ambawadi Na, Ahmedabad, Gujarat-380006, India
Phone	079 3520 1135
Email	cs@vrundavanplantation.com
Website	http://www.vrundavanplantation.com/

Offer Documents

Vrundavan Plantation IPO DRHP

Vrundavan Plantation IPO RHP

Registrar Details

Name	Kfin Technologies Limited
Phone	+91 40 6716 2222
Email	vpl.ipo@kfintech.com
Website	http://www.kfintech.com/

IPO Reservation

Market Maker Shares Offered	72,000 (5.08%)
Other Shares Offered	672,000 (47.46%)
Retail Shares Offered	672,000 (47.46%)
Total Shares Offered	1,416,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	85.29%
Share Holding Post Issue (Promoters)	62.65%