{"id":32984,"date":"2023-10-31T13:50:19","date_gmt":"2023-10-31T08:20:19","guid":{"rendered":"https:\/\/nationalinsight.in\/index.php\/2023\/10\/31\/vrundavan-plantation-limited-ipo-opens-on-30th-october-2023\/"},"modified":"2023-10-31T13:50:19","modified_gmt":"2023-10-31T08:20:19","slug":"vrundavan-plantation-limited-ipo-opens-on-30th-october-2023","status":"publish","type":"post","link":"https:\/\/nationalinsight.in\/index.php\/2023\/10\/31\/vrundavan-plantation-limited-ipo-opens-on-30th-october-2023\/","title":{"rendered":"Vrundavan Plantation Limited IPO Opens on 30th October, 2023"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], October 31<\/strong>: Vrundavan Plantation Limited,\u00a0distinguished by its unwavering commitment to sustainable practices and environmental conservation\u00a0has announced its plans to go public with an Initial Public Offering on\u00a030th\u00a0October, 2023. The company is aiming to raise\u00a0\u20b9\u00a015.29\u00a0Crore at the fixed price of\u00a0\u20b9\u00a0108\u00a0through this IPO, with shares set to be listed on the\u00a0BSE SME\u00a0platform.<\/p>\n<p>The issue size is Up to\u00a014,16,000\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p>Equity Share Allocation<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a06,72,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a06,72,000\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a072,000\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized to\u00a0Repay Working Capital\u00a0and\u00a0Unsecured\u00a0Loans,\u00a0Meet\u00a0Working\u00a0Capital\u00a0Requirements, and for\u00a0General\u00a0Corporate\u00a0Purposes.\u00a0The issue closes on\u00a001st\u00a0November, 2023.<\/p>\n<p>The Lead Manager to the Issue is\u00a0Interactive Financial Services Limited.\u00a0The Registrar to the Issue is\u00a0KFINTechnologies Limited.<\/p>\n<p>Mr.\u00a0Upendra Tiwari,\u00a0Managing Director\u00a0of\u00a0Vrundavan Plantation Limited\u00a0said,\u00a0\u201cI am pleased to announce this significant milestone for Vrundavan Plantation Limited. Our journey, deeply rooted in environmental conservation and sustainable practices, has reached a pivotal moment with this IPO. This offering not only reflects our company\u2019s growth but also underscores our unwavering commitment to preserving the environment.\u00a0<\/p>\n<p>The net proceeds from the IPO will be utilized to Repay Working Capital and Unsecured Loans, Meet Working Capital Requirements, and for General Corporate Purposes.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], October 31: Vrundavan Plantation Limited,\u00a0distinguished by its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1318,1320],"class_list":["post-32984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/32984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/comments?post=32984"}],"version-history":[{"count":0,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/32984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media\/32985"}],"wp:attachment":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media?parent=32984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/categories?post=32984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/tags?post=32984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}