Vrundavan Plantation Limited IPO
1. Founder’s Vision: The business was founded by Mr. Upendra Tiwari with a clear vision of preserving and protecting the environment by selling plants and offering various gardening and landscaping services. This vision was based on the idea that gardening and landscaping services were evolving into a lucrative business.
2.Product Line: The company’s nursery business segment offers a wide range of plant products, including big trees, shrubs, ground covers, climbers, indoor plants, and various types of pots (plastic, terracotta, self-watering, etc.). They also provide gardening tools and accessories, as well as garden inputs like plant foods, organic pesticides, and potting mixes.
3. Service Business Segment: In addition to selling plants and related products, the company also offers a variety of gardening and landscaping services. These services include lawn mowing, brush and jungle cleaning, hedge trimming, and watering for roadside plants. They also take maintenance contracts from different organizations, including government departments.
4. Business Expansion: Over the years, the business has expanded its services beyond just plant sales. They have ventured into maintenance services and garden development contracts, initially within the local territory of Ahmedabad but later expanding to work with renowned infrastructure companies in Ahmedabad and other parts of India.
5. Government Contracts: The company’s founder leveraged their expertise in the gardening and landscaping industry to bid for and secure government contracts for various projects. This move marked a significant turning point in their business expansion.
6. Business Succession: The company has undergone a significant transformation by entering into a Business Succession Agreement and an addendum that includes a Non-Compete Clause. This step ensures that the predecessor (Mr. Upendra Tiwari) will not engage in any activities that directly compete with the successor (the company) and will provide support to the successor for establishing new and existing services.
7. Diverse Customer Base: The company serves a diverse customer base, including individuals looking for plants and gardening products, as well as government departments and organizations seeking gardening, landscaping, and maintenance services.
8. Product and Service Portfolio Diversification: The company has expanded its offerings to include a wide range of plants, pots, garden tools, accessories, and maintenance services, ensuring a diversified revenue stream.
9. Environmental Mission: The core vision of the business is to contribute to environmental conservation and protect green spaces in an era of deforestation. This environmental commitment likely appeals to customers who are eco-conscious.
Objects of the Vrundavan Plantation Limited IPO:
Vrundavan Plantation Limited IPO Details:
|Open Date:||Oct 30 2023|
|Close Date:||Nov 01 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||15.29 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 108 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Nov 09 2023|
Promoters And Management:
Financials of Vrundavan Plantation Limited IPO:
Particulars ( In Lakhs )
01st April, 2023 - 31st May, 2023
|Revenue from Operations||181|
|Cost of Material Consumed||96|
|Employee benefits expenses||0.6|
|Depreciation & Amortisation||0.3|