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News Details

26/10/2023 15:12

Vrundavan Plantation announces launch of initial public offering

Vrundavan Plantation Ltd. has announced public offering of 1416000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 98.00 per share. The gross proceeds of the issue are expected to be Rs 1,529.28 lakhs.

The company's initial public offer (IPO) will open on 30 October 2023 and is expected to close on 01 November 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1416000 Equity Shares of the Company at an price of Rs 108.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Vrundavan Plantation Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & Kfintech Technologies Ltd. is the registrar, to the issue.